Answer:
The correct answer is (d)
Explanation:
Elasticity means a change in price will change the supply or demand more than the price change. If the demand is inelastic, then the increase in price will increase the tax revenues because the demand will not change much compared to the price change. Likewise, this phenomenon is the same in the case of supply; the increase in taxes will decrease the overall quantity supplied, which will decrease the overall tax collection or tax revenue.
Answer:
The common stockholders will receive $222,000.
Explanation:
The preferred stockholders will have the right over the common stockholders to receive the dividend payable to them.
In the question:
+ The dividend payable to preferred stockholders in one-year is calculated as: Share outstanding x Dividend percentage x stated value of preferred stock = 120,000 x 8% x 5 = $48,000;
+ The dividend payable to preferred stock is for 3 year ( past two years plus current year), so total dividend payable is: 48,000 x 3 = $144,000.
So, preferred stockholder will be paid $144,000 out of $366,000 dividend distributed this year.
=> Amount of dividend distributed to common stockholders = 366,000 - 144,000 = $222,000.
Answer:
The multiple choices are as follows:
a. 4,800
b. 6,000
c. 5,400
d. 54,000
Option D,$54,000 is correct
Explanation:
The worth of the award at end of any year is the number of shares given under the award multiplied by the closing price of the share at end of that year.
In other words,the value to Collen of this award of 900 shares from Collen's employer is $54,000 (900*$60)
The correct option is D,$54,000.
The other options are obviously wrong because multiplying any closing price by 900 shares would give something close to $54,000,not $4800 or $6,000 or even $5400
