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lora16 [44]
2 years ago
5

Novak Corp. has 6000 shares of 5%, $100 par value, cumulative preferred stock and 12000 shares of $1 par value common stock outs

tanding at December 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $55800 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020
Business
1 answer:
Annette [7]2 years ago
5 0

Answer:

See below

Explanation:

Given the above data,

Preferred shares = 6,000 shares × $100 = $600,000

Dividend on preference shares = $600,000 × 5% = $30,000 per year

Dividend declared in 2019

= $55,800

Preferred dividend in 2019 = $30,000 × 2 = $60,000

Dividend declared in 2020 =$55,800

Preferred dividend declared in 2020 = $30,000 + $4,200 = $34,200

Dividend paid to common stock holders = $55,800 - $34,200 = $21,600

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2 years ago
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n a small open economy with perfect capital mobility, if the domestic interest rate were to rise above the world interest rate,
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<u>A)</u><u> Capital inflow.</u>

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<h3><u>The inflow of capital: What is it?</u></h3>

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4 0
1 year ago
Doug is the vice president of product development for a corporation that makes flavored honey. Doug proposes to the board that t
kogti [31]

Answer:

most likely will not be held responsible because of the business judgment rule.

Explanation:

A business judgement rule is a legal provision that protects the board of a company from frivolous legal actions as flregards its business decisions.

Boards of companies are assumed to act in good faith, within their fiduciary standards of loyalty, prudence and care that the board owes to shareholders.

It will have to be proven that the board blatantly violated a code of conduct, otherwise the court will review or question it's decisions.

8 0
2 years ago
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On March 1, 2012, Kelly Company lent $3,500 to Tim on a 1-year 6% promissory note. The amount of interest to be accrued on Decem
schepotkina [342]

Answer:

$210

Explanation:

Calculation for what the amount of interest to be accrued on December 31 will be

Using this formula

Accrued interest =Amount lent×Promissory note percentage

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Therefore the amount of interest to be accrued on December 31 will be $210

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Answer:

Dollar voting is an analogy that has been used to refer to the impact of consumer choice on producers' actions through the flow of consumer payments to producers for their goods and services.

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