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kap26 [50]
3 years ago
5

​Electric, Inc. was incorporated on January​ 1, 2016. Electric issued 7 comma 000 shares of common stock and 1 comma 200 shares

of preferred stock on that date. The preferred stock is​ cumulative, $ 100.00 ​par, with an 10​% dividend rate. Electric has not paid any dividends yet. In​ 2019, Electric had its first profitable​ year, and on November​ 1, 2019, Electric declared a total dividend of $ 50 comma 000. What is the total amount that will be paid to preferred​ shareholders?
Business
1 answer:
marta [7]3 years ago
7 0

Answer:

$48,000

Explanation:

The computation of the total amount paid to the preferred shareholder is shown below:

= Number of preferred stock shares × par value × dividend rate × number of years

= 1,200 shares × $100 × 10% × 4 years

= $48,000

Simply we multiplied with the number of preferred stock with the par value, its dividend rate and the time period so that the correct value can come

All other information which is given is not relevant. Hence, ignored it

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prohojiy [21]

Answer:

The correct answer is letter "D": As a co-signer, you open an account and an adult signs on with you; as an authorized user, you are added to someone’s existing account

Explanation:

Co-signers are individuals that could help others to open a credit card account in case that person does not meet specific credit history requirements but the credit card issuer. Co-signers must be 21 years old. Authorized users are added to the account to request information, change it, or make payments.

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3 years ago
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The initial investment here is -

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3 years ago
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3 years ago
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1. What is the difference between structural and cyclical unemployment? In this context, what is the difference between Europe a
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3 years ago
Vito Co. had current assets of $9,000 and current liabilities of $6,000 at the end of the year. Net income during the year was $
Fynjy0 [20]

The current ratio for Vito Co. with respect to the period under review is 1.5

<h3>What is current ratio?</h3>

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Learn more about current ratio here: https://brainly.in/question/45000916

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