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maks197457 [2]
3 years ago
6

Salmon, Incorporated issues 500,000 shares of preferred stock for $60 a share. The stock has a fixed annual dividend rate of 5%

and a par value of $18 per share. The current price of the preferred stock is $64 a share. If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: _________
Business
1 answer:
azamat3 years ago
4 0

If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.

Using this formula

Annual dividends= Par value × Fixed Annual dividend rate

Where:

Par value= $18 per share

Fixed Annual dividend rate= 5% or 0.05

Let plug in the formula

Annual dividends= $18 per share × 0.05

Annual dividends= $0.90 per share

Inconclusion if sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.

Learn more about annual dividend here:brainly.com/question/25557702

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N the united states, the control of the money supply is the responsibility of the:____.
lutik1710 [3]

N the united states, the control of the money supply is the responsibility of the Federal Reserve System.

The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial crises led to a desire for centralized control of the monetary system to alleviate crises. financial crisis.

The Federal Reserve System provides the country with a secure, flexible, and stable monetary and financial system. The main functions of the Fed include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.

Learn more about Federal Reserve System here: brainly.com/question/7798250

#SPJ4

8 0
1 year ago
Jacob is a customer whose sales region code is 14. He had bought goods worth $150 from ABC company in June. He does not have dea
anyanavicka [17]
I’m not sure Hyde’s we hygiene but we are going on the boat and we can go to get your hair and get some rest before I leave I can go to
4 0
3 years ago
The Smith Company manufactures insulated windows. Costs for March were as follows. Direct labor $53,000 Indirect labor 18,000 Sa
Marat540 [252]

Answer:

$27,000

Explanation:

The following costs were incurred by Smith's company during the month of March

Direct labor $53,000

Indirect labor 18,000

Salary of corporate vice president for advertising 25,000

Direct materials 48,000

Indirect materials 4,000

Interest expense 7,500

Salary of factory supervisor 3,000 Insurance on manufacturing equipment 2,000

Therefore the actual manufacturing overhead for March can be calculated as follows

= Indirect labour + indirect materials + salary of factory supervisor + insurance on manufacturing equipments

= $18,000 + $4,000 + $3,000 + $2,000

= $27,000

Hence the actual manufacturing overhead for March is $27,000

8 0
3 years ago
In an ethnographic study of black and white working-class men, Deirdre Royster (2003) found that the job market was
Rainbow [258]

In an ethnographic study of black and white working-class men, Deirdre Royster (2003) found that the job market was Not fair and not meritocratic

Explanation:

Deirdre Royster has put this popular wisdom to a test – revealing the subtleties and inequalities of a place of work in the Race and the Invisible Hand which favour the white person looking for jobs above the black one.

Royster is finding a reference in the stories of 25 black and 25 white men from the same vocational school who were looking for work on the same blue collar job market in the beginning of the 1990's.

Having carefully studied the professional successes, work ethics and values of Black men in the sense of particular deprivations, her research shows that young black and white men are the main differences— access to connections that are very relevant in job searches and admission.

7 0
3 years ago
What is a private limited company
Travka [436]
A private limited company, or LTD, is a type ofprivately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.
4 0
3 years ago
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