1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
g For this question, ignore inflation. Suppose Jenny earns $60,000 per year working as a tax analyst. After ten years, she quits
arsen [322]

Answer:

If Jenny doesn’t earn any interest on her savings and wants to perfectly smooth consumption across her life, how much will she consume every year?

Jenny's total income during her life = income as tax analyst ($60,000 x 10) + income as PhD student ($12,000 x 5) + income as Art Director (35 x $95,000) = $3,985,000

she generated income during 50 years and expects to live 20 more, so in order to perfectly smooth consumption across her life, she must divide her total life income by 70 years = $3,985,000 / 70 years = $56,928.57 per year

What might prevent her from perfectly smoothing consumption?

First of all, besides inflation, you also earn interest on your savings. That is why 401k and other retirement accounts work so well (the magic of compound interest). Even if inflation and interests didn't exist, you cannot know exactly what you are going to earn in the future and for how many years. In this case, she earned $60,000 for 10 years, but then earned only $12,000 during 5 years. If she really wanted to smooth her consumption, she would have needed to get a loan because her savings during the first 10 years wouldn't be enough.

4 0
2 years ago
The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be g
valkas [14]

Answer:

Expected value of X = -11.09

Explanation:

Expected profit:

= Probability of winning × Amount she wins

= 0.03 × $180  

= 5.4

Expected loss:

= Probability of loosing × Amount she paid

= 0.97 × $17

= 16.49

Let X be amount of money Mary wins or loses.

E(X) = Expected profit - Expected loss

= 5.4 - 16.49

= -11.09

Expected value of X = -11.09

That is expected value of loss of $11.09

4 0
3 years ago
Social mobility in the u.s. does not depend on where one starts in the class system anthropolgy
alexgriva [62]
The statement above is TRUE.
Social mobility refers to the movement of individuals or families within or between social strata in a particular society. It means a change in social status relative to one's present location with a given society. Social mobility in US does not depend on where one start in the class system; one can come from the lowest class strata and become one of the richest individual and an individual from a very rich family can also end up as a p.auper. A lot of factors come to play in these situations.
6 0
3 years ago
Brooklyn has been contributing to a traditional IRA for seven years (all deductible contributions) and has a total of $30,000 in
Zolol [24]

Answer: $13,200

Explanation:

Given that,

Contributing to a traditional IRA = 7 years

Total in account = $30,000

Withdrawal from IRA to help pay for the car = $20,000

marginal tax bracket = 24 percent

Therefore,

After tax withdrawal:

= Withdraws - 10% penalty as per IRS for early withdrawal - 24% tax on $20,000

= $20,000 - 0.1 × 20,000 - 0.24 × 20,000

= $20,000 - 2,000 - 4,800

= $13,200

6 0
3 years ago
Read 2 more answers
Which is a short-term consequence of making a late payment on your bill
AysviL [449]

Answer:

Which is a short-term consequence of making a late payment on your bill? There will be a late fee added to the bill.

8 0
3 years ago
Other questions:
  • Inventory Valuation under Variable Costing Lane Company produced 50,000 units during its first year of operations and sold 47,30
    15·1 answer
  • Which of these helped lower unemployment and raise GDP after the great recession
    14·1 answer
  • Del gato clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. at the clo
    7·1 answer
  • The _____ budget deals with the firm’s plans for investing in major fixed assets and long-term projects
    15·1 answer
  • Next year, Celebrity wishes to increase the unit selling price to $110. Shipping will change to 2.5% of sales. Cost of goods sol
    10·1 answer
  • Nora works as a media sales person for a sports gear manufacturing company. There is an upcoming sports event coming up and she
    11·1 answer
  • 10. Parmentier Company uses the weighted-average method in its process costing system. The Molding Department is the second depa
    10·1 answer
  • Charlie Plopp is selling a horse. If he does not sell the horse, then he gets no revenue. Three types of people are interested i
    14·1 answer
  • Требуется разработать бизнес-план проекта, в котором будут описаны следующие категории:
    7·1 answer
  • The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!