Joe Girard's Law of ________ states that just a few unhappy customers can keep a great many other customers away from your busin
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Answer:
Dividend Each Year shall be
Year 2015 2016 2017 2018
Preference $20,000 $28,000 $42,000 $30,000
Equity $0 $0 $158,000 $320,000
Total Dividend
Preference = $120,000
Equity = $478,000
Explanation:
When the preference dividends are cumulative in nature the dividends shall be paid each year of the rate specified, in case not paid the, it is carried forward.
In the given case, preference dividend = 80,000 shares $5
7.5% = $30,000
<u>Thus, in 2015</u>
Dividend to preference = $20,000
Dividend to Equity = $0
Also $30,000 - $20,000 = $10,000 shall be carried forward.
<u>2016</u>
Dividend to preference = $10,000 Arrears
Current year = $28,000 - $10,000 = $18,000
Carry forward = $30,000 - $18,000 = $12,000
Dividend to Equity = $0
<u>2017</u>
Dividend to preference = $12,000 Arrears
Current year = $30,000
Dividend to Equity = $200,000 - $30,000 - $12,000 = $158,000
<u>2018</u>
Dividend to preference = $30,000
Dividend to Equity = $350,000 - $30,000 = $320,000
Answer:
At producing 14,286 skates
Explanation:
