Alpha Corporation has 1,500 shares of $40 par, 7% cumulative preferred stock, and 2,200shares of 10$ par common stock.Alpha paid $10,000 in cash dividends including one- year dividends in arrears to preferred stockholders. Camon stockholders received:

Answers

Answer 1

Answer:

Common stockholders received $1,600.

Step-by-step explanation:

Cumulative preferred stock can be described as a type of preferred stock in which dividends not paid in any year accumulate and has to be paid first in future before common stockholders receive any dividends.

Since the dividends paid in cash by Alpha Corporation includes one- year dividends in arrears to preferred stockholders, this implies that the cumulative preferred stockholders have to paid 2-year dividends, i.e. the one-year arrears plus the current year dividend.

Amount received by common stockholders can be calculated as follows:

Amount of dividend paid by Alpha = $10,000

Annual cumulative preferred stock dividend = 1,500 * $40 * 7% = $4,200

Amount received by cumulative preferred stockholders = Annual cumulative preferred stock dividend * 2 years = $4,200 * 2 = $8,400

Amount received by common stockholders = Amount of dividend paid by Alpha - Amount received by cumulative preferred stockholders = $10,000 - $8,400 = $1,600

Therefore, common stockholders received $1,600.


Related Questions

During the summer you want to read at least 32 books. You have read 21 books so far this summer . What are the possible nurabers of books you can read to pass your goal ?

Answers

Answer:

you need to read 11 or more books to pass your goal

Step-by-step explanation:

On January 1, 2021, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $828.64 are due at the end of each month with the first installment due on January 31, 2021.

Answers

Answer:

On 01 January 2021: Debit Cash for $50,000; and Credit Note payable for $50,000.

On 31 Jan 2021: Debit Interest expense for $250; Debit Note payable for $578.64; and Credit Cash for $828.64.

On 28 Feb 2021: Debit Interest expense for $247.11; Debit Note payable for $581.53; Credit Cash for $828.64.

Step-by-step explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

On January 1, 2021, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $828.64 are due at the end of each month with the first installment due on January 31, 2021.

Record the issuance of the installment note payable and the first two monthly payments.

The explanation to the answer is now given as follows:

Date                Account Title                     Dr ($)                 CR ($)        

01 Jan 2021    Cash                                  50,000

                          Note payable                                            50,000

                        (To record $50,000 borrowing through 6% Note from the bank.)

31 Jan 2021     Interest expense (w.1)        250

                         Note payable (w.2)            578.64

                            Cash                                                         828.64

                          (To record first month interest expense paid and part payment of $50,000 note.)

28 Feb 2021    Interest expense (w.4)       247.11

                         Note payable (w.5)            581.53

                             Cash                                                        828.64

                          (To record second month interest expense paid and part payment of $50,000 note.)

Workings:

w.1: Interest expense = First month interest expense = (Interest rate / 12) * Loan amount = (6% / 12) *$50,000 = $250

w.2: Note payable = First month part payment of note payable principal = Monthly payment - First month interest expense = $828.64 - $250 = $578.64

w.3: Loan balance after first month = Loan amount - First month part payment of note payable principal = $50,000 - $578.64 = $49,421.36

w.4: Interest expense = Second month interest expense = (Interest rate / 12) * Loan balance after first month = (6% / 12) *$49,421.36 = $247.11

w.5: Note payable = Second month part payment of note payable principal = Monthly payment - Second month interest expense = $828.64 - $247.11 = $581.53

Stella buys a one-pint bottle of juice for $2.72. What is the unit rate of the
cost of the juice per fluid ounce?

Answers

Answer: 0.17

Step-by-step explanation:

If she bought one pint of juice and there are 16 fluid ounces in one pint then you would take 2.72 the cost of it and divide ut by 16. So, 2.72/16 which is 0.17.

David borrows $15,000 for a new car. He is charged 6% simple interest per year. If he paid $4500 in interest, how many years did it take him to repay the loan?

Answers

Answer:

5 years

Step-by-step explanation:

Given that:

Amount borrowed = principal = p = $15000

Interest % per year = r = 6% = 0?06

Total Interest paid = $4500

Number of years it took to repay the loan (t) =?

Simple interest = (p * r * t)

4500 = (15000 * 0.06 * t)

4500 = 900t

4500 / 900 = t

5 = t

It tool 5 years to repay the loan

Read the proof.

A 2-column table with 3 rows. Column 1 is labeled Step with entries tangent (2 x) = tangent (x + x), question mark, = StartFraction 2 (x) Over 1 minus tangent squared (x) EndFraction. Column 2 is labeled Reason with entries Addition, question mark, simplify.

What is the missing step and reason?

Equals StartFraction tangent (x) + tangent (x) Over 1 minus tangent (x) tangent (x) EndFraction tangent double angle identity
Equals StartFraction tangent (x) + tangent (x) Over 1 minus tangent (x) tangent (x) EndFraction tangent sum identity
Equals StartFraction tangent (x) + tangent (x) Over 1 + tangent (x) tangent (x) EndFraction tangent double angle identity
Equals StartFraction tangent (x) + tangent (x) Over 1 + tangent (x) tangent (x) EndFraction tangent sum identity

Answers

The missing step and reason is [tex]tan(x+x) = \frac{tan(x) + tan(x) }{1-tan(x) tan(x)}[/tex]  and

Reason is Tangent sum identity

What is the formula of  identity tan(x+y)?

Formulas for the tangent function can be derived from similar formulas involving the sine and cosine.

[tex]tan(x+y) = \frac{tan(x) + tan(y) }{1-tan(x) tan(y)}[/tex]

According to the question

A 2-column table with 3 rows.

Column 1 : row 1 :  tangent (2 x) = tangent (x + x)  

reason given as addition

Column 1 : row 2:

Need to fill next step

i.e

By using  formula of identity tan(x+y)

[tex]tan(x+y) = \frac{tan(x) + tan(y) }{1-tan(x) tan(y)}[/tex]

substituting the value

[tex]tan(x+x) = \frac{tan(x) + tan(x) }{1-tan(x) tan(x)}[/tex]

Reason : Tangent sum identity

Hence,  the missing step and reason is [tex]tan(x+x) = \frac{tan(x) + tan(x) }{1-tan(x) tan(x)}[/tex]  and

Reason is Tangent sum identity

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-2 divided -0.25
4 divided 0.5

Answers

Answer:

-2/-0.25=8

4/0.5=8

Step-by-step explanation:

both of their answers are 8

- 2 divided by -0.25
4 divided by 0.5
Both of them equal 8

I’m having a hard time with this

Answers

A, because if you graph them A is the only one where you get all of the order pairs. Or if you plug in the X values for X you will get all the Y values.

5x-25<-15? i am stuck on this

Answers

Answer:

x < 2

Step-by-step explanation:

1. Isolate x by adding 25 to both sides: 5x < 10

2. Divide both sides by 5: x < 2

Need help ASAP will give brainiest​

Answers

3x + 8 = 4x - 2
10 = 1x
x = 10

3(10) + 8 = 38
Angle B = 38 degrees

uh yeah so this again lol

Answers

Answer:

follow the insructions from the answer before

Step-by-step explanation:

Answer:

y=4x-9

Step-by-step explanation:

Triangle A is rotated 90-degrees clockwise about the origin. Which triangle is the image of this rotation? *
B
C
D
none of these

Answers

Answer:

The answer is B

Step-by-step explanation:

The equation for a 90 degree clockwise rotation is (x,y) -> (y,-x)

so (-2, 2) -> (2,2). You can also look up "rotation calculator", it really helped me get through this unit haha

the original price of a paur of jeanns is 32$ the sale price is 15%off the original price what is the amount off the original price

Answers

Answer:

15% off of 32$ will be 27.20$ I believe this is the answer.

Step-by-step explanation:

The answer I got was 27.20$

Which inequality has –12 in its solution set?


A

B

C

D


x + 6 less-than negative 8


x + 4 greater-than-or-equal-to negative 6


x minus 3 greater-than negative 10


x + 5 less-than-or-equal-to negative 4


A

B

C

D

RATE THIS GIRLS:

Answers

Answer:

8/10

Step-by-step explanation:

Answer:lol

Im a dude but you trying to pick up a girl on a school site is hilarious

Step-by-step explanation:

The answer please I can’t Fail this class......

Answers

7, you divide the 14 by 2 because the qr is two times the length of gh, therefore 7 is two times the length of fh

Answer:

7cm

Step-by-step explanation:

See since 10 shrunk to 5

And it is the same shape but smaller, each side must be divided by 2 and 14/2 is 7

That's my reasoning for this

Evaluate the function rule for the given value. y = 4 • 2x for x = –6

Answers

Answer:

y = -48

Step-by-step explanation:

y = 4 . 2x

y = 4 . 2 . -6

y = 8 . -6

y = -48

Hope this helps :)

I honestly don’t understand can some please help?

Answers

Answer:

400$

Step-by-step explanation:

since he receives 20 percent of the sales and he receives 80 dollars. Then 80 dollars is 20 percent of the sales. Now, we can change 20 percent into a fraction, 20 percent is 20/100 or 2/10, now there are 5 twos in a ten so we multiply 2/10 by 5, since 2/10 right now is 80 dollars you multiply 80 by 5

80*5=400, so the sales of the week was 400 dollars

Hope this helps :)

Answer:

Thus, the sales of the week were $400

Step-by-step explanation:

Percentages

The salesman receives a 20% commission on all his sales.

One week the company pays $80 as commission.

This means that $80 corresponds to 20% of the sales.

To find the sales, we just divide the commission by the percentage (expressed as a decimal) as follows:

Sales = $80 / (20/100)

Sales = $80 / 0.20

Sales = $400

Thus, the sales of the week were $400

i need the answer NOWW PLSSS

Answers

Answer: The answer is No, it's not a scaled factor. That's my answer, you can figure it out why it's no.

Step-by-step explanation:

Baba Booey


............................

Answers

Answer:

from howerd stern show i see

Step-by-step explanation:

man of culture

do u know the way BABA BOOEY u mom is bingus lol no skin AMOGUS 3AM OMG CANDYLAND IRL HELP PLEASE YES YES YES HOW! COLD BABY VS HOT BABY 3AM IRL

FIRST TO ANSWER CORRECTLY GETS BRAINLESIT! pleaseeee :)

Answers

Answer:

Step-by-step explanation:

the slope is 5/4

Please help will mark crown

Answers

Answer: B. negative association

The data in the scatter plot shows a negative assocation. As the X-values increase, the Y-values decrease.

solve for Z: 9Z= -11 + 10B

Answers

Answer:

z= (-11+10B)/9

Step-by-step explanation:

Divide both sides by 9.  

*PLEASEE HELP ME ITS REALLY URGENT* Look .. if you have alot of boys texting you and you dont like most of them but they calling you cute and stuff but you dont want to hurt their feelings which you know you would if you say no but you have a boyfriend how would you go about that situation when you tell a boy you want to be his friend and you have the same classes together but blocked you for being real with him ?

Answers

Answer:

Just say no thanks i have a bf

Step-by-step explanation:

The perimeter of a triangle is 25 cm. The first side is 3 cm longer than the second side. The third side is triple the length of the first side. Find the length of each side.​

Answers

Answer:

1st Side: 5.6 cm

2nd Side: 2.6 cm

3rd Side: 16.8

Step-by-step explanation:

Martha states that –6 is a rational number. Which is a correct explanation for this statement?

Answers

Answer:

Step-by-step explanation:

-6 is rational because it can be written as a ratio -6/1 for example

Answer:

c

Step-by-step explanation:

find the angle between the following pairs of lines x^2+6xy +9y^2-4x +12y-5 =0​

Answers

Answer:

x

2

+6xy+9y

2

+4x+12y−5=0

Step-by-step explanation:

x

2

+6xy+9y

2

+4x+12y−5=0

Comparing the equation with the general equation of second degree gives

a=1,b=9,h=3,g=2,f=6,c=−5

Angle between a pair of straight lines that is tanθ=

 

a+b

2

h

2

−ab

 

tanθ=

 

1+9

2

9−1×9

 

=

9

0

tanθ=0

⇒θ=tan

(0)=0

Angle between the pair of straight lines is zero therefore the lines are parallel.

Hence proved

Angle between the pair of straight lines is zero therefore the lines are parallel.

What is parallel lines?

Parallel lines can be defined as two lines in the same plane that their angle of inclidation is equal and never meet.

Given,

x²+6xy+9y²-4x+12y-5=0

Comparing the equation with the general equation of 2nd degree

ax² + ay² + 2gx + 2fy + c = 0

so a=1, b=9, h= 3, g=-2, f=6, c=5

Angle between a pair of straight lines that is

tan∅=[tex]\frac{2\sqrt{h^{2} -ab} }{a+b}[/tex]

tan∅=[tex]\frac{2\sqrt{3^{2} -(1)(9)} }{1+9}[/tex]

tan∅=0°

∅=0°

Hence Angle between the pair of straight lines is zero therefore the lines are parallel.

Learn more about straight lines

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i need some help......

Answers

Answer:

debt

Step-by-step explanation: hope this helps

The answer is debt .

2x - 1 ≤ x + 5
I need help solving this equation

Answers

Answer:

x  ≤  6

Step-by-step explanation:

2x - 1 ≤ x + 5

Subtract x from each side

2x-x - 1 ≤ x-x + 5

x - 1 ≤  5

Add 1 to each side

x - 1+1 ≤  5+1

x  ≤  6

Answer:

x [tex]\leq[/tex] 6

Step-by-step explanation:

Solve for  x  by simplifying both sides of the inequality, then isolating the variable.  Inequality Form:  x  ≤  6

Solve for x
Help please

Answers

Answer:

Same type of way

Step-by-step explanation:

Times 17x - 8 by 3, then make it equal to 180, then see what X is

Answer:

4

Step-by-step explanation:

Given that the triangle shown is an equilateral triangle (all sides are marked with a dash meaning they are equal in length), each angle of the triangle must be 60°.

With this information:

[tex]17x-8=60[/tex]

[tex]17x=68\\x=4[/tex]

∴The value of x is 4.

If Brian biked at an average speed of 12.2 miles per hour for 1.45 hours, you can find the total distance by multiplying

Explain how to find the product of 12.2(1.45).

Answers

Answer:

First, multiply the numbers. Then count the number of decimal places in each factor. Place the decimal in the product so the product has the same number of decimal places as both factors combined.

Step-by-step explanation:

Did it on Edg.2020

Answer: First, multiply 12.2 times 1.45. Next, you start by multiplying the ones, then the tens, and then the hundreds. Next, you add the partial products. then you count the number of digits to the right of the original problem. Then you move the decimal the same number of digits to the left in the product.

(-2,9), (0,1) what is the y-intercept?

Answers

Answer:

(0,1) is the y-intercept

Step-by-step explanation:

EZZZZZZ

Answer:

The y intercept is 1.

Step-by-step explanation:

When putting these points on a line and using rise and run, your slope will be -4,, and the y intercept is 1. :D

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