Answer: $107,900
Explanation:
Cumulative Preferred Shares refer to shares that a company has to pay dividends eventually. This means that if they are unable to pay for some years, they are to accrue that payment until they are able to.
There are 119000 shares of no-par 6% preferred stock with a stated value of $5.
That means preferred shares are liable to the following amount of dividends,
= 119,000 * 5 * 6%
= $35,700
Preferred Shares have not being paid for the past 2 years and need to be paid in the current year as well. That means 3 payments,
= 35,700 * 3
= $107,100
Preferred Shares are to be paid $107,100 out of the $215,000 with the rest going to common shares.
Amount going to Common Shares is,
= 215,000 - 107,100
= $107,900
Common Stockholders are to receive $107,900
Answer:
n = 160
p = 0.12
Explanation:
In a Binomial distribution two parameters are of great interest, n and p.
where n is the number of trials and p is the probability of success and (1 - p) is the probability of failure.
p = 12%
n = 160
Mean = E(X) = μ = n*p = 160*0.12 = 19.2
μ = 19.2
variance = σ² = np(1 - p) = 160*0.12(1 - 0.12) = 16.89
standard deviation = σ = √16.89 = 4.11
σ = 4.11
Answer:
May motivate less productive employees to work harder.
Explanation:
When an employee is recognised and rewarded for exceptional performance, apart from boosting the moral of the employee it also challenges other employees to perform better on their jobs.
In this instance Anthony has been receiving bonuses for being a high perfomer. This time around he an extra large bonus for his performance.
Because of this Hannah gets motivated to also perform better at her job so she can also get a bonus.
Answer:
Google pays her every time someone clicks on a Google ad on her
site.
Explanation:
Answer:
The decision that is not relevant to Andrew is:
b. Cost of the old house.
Explanation:
a) The cost of the old house ($160,000) is not relevant to Andrew decision challenges. It is a sunk or past cost. Past costs are not relevant because they do not make a difference in the decision or the alternative to choose. Since Andrew will be impacted by the driving distance to work from his new house, the market value of the old house, and the cost of the new house, these are relevant in Andrew's decision.
