During the great
depression, a single sweater had a starting price of $1. Comparing the value of
a dollar from the 1930’s would have the equivalent buying power of $14.04
today. Therefore, during those hard times, sweaters were a bit pricey and food
was the ultimate concern for most struggling families.
Answer:
c. $5,000 $10,000
Explanation:
The shareholders of preferred stock corresponds dividends for:
2,000 X $50 X 4% = $4,000
In 2009, dividends for $3,000 were paid, which means that it was less than $4,000, the total amount corresponding to preferred shareholders, so, in 2010 they get $4,000 for the current year and $1,000 for the outstanding value of 2009.
If the total dividends paid in 2010 was $15,000, $5,000 goes to preferred shareholders and the rest to common shareholders
