How much dividend will be paid to the preferred stockholders

Assignment Help Accounting Basics

Reference no: EM131011736

Occidental Produce, Inc. has 47,000 shares of common stock outstanding and 4,000 shares of preferred stock outstanding. The common stock is $0.03 par value, the preferred stock is 9% noncumulative with a $100 par value. On October 15, 2017 the company declares a total dividend payment of $54,000. How much dividend will be paid to the preferred stockholders?

A. $54,000
B. $36,000
C. $12,000
D. $1,410

Reference no: EM131011736

Questions Cloud

Difference in net present value and internal rate of return : Frank spends $30,000 on an investment that will create $33,000 in revenues for a year. Assuming that the investment cost Frank 15%, do you think it would be a good investment? Explain the difference between Net Present Value and Internal Rate of Retu..

Why are protein chips difficult to fabricate : Why are protein chips difficult to fabricate?Just a simple explantation 3-4 sentences.

Security beta total market value : Nero Violins has the following capital structure: Security Beta Total Market Value. What is the firm's asset beta? Assume that the CAPM is correct. What discount rate should Nero set for investments that expand the scale of its operations without ch..

The values of outstanding bonds change : The values of outstanding bonds change whenever the going rate of interest changes. in general, short-term interest rates are more volatile than long-term interest rates. therefore, short-term bond prices are more sensitive to interest ratw changes t..

How much dividend will be paid to the preferred stockholders : How much dividend will be paid to the preferred stockholders?A. $54,000B. $36,000C. $12,000D. $1,410

Weighted average cost of capital at the optimal structure : Reacher Technology has consulted with investment bankers and determined the interest rate it would pay for different capital structures, as shown below. what is the firm's optimal capital structure and what is the weighted average cost of capital at ..

Determining hypotheses : State the appropriate null hypothesis H0 and alternative hypothesis Hain each of the following cases. (a) A 2002 study reported that 70% of students owned a cell phone. You plan to take an SRS of students to see if the percent has increased.

What was the annual compound rate of growth in the price : In April 2013 a pound of apples cost $1.48, while oranges cost $1.12. Three years earlier the price of apples was only $1.27 a pound and that of oranges was $.98 a pound. a. What was the annual compound rate of growth in the price of apples What was ..

What is the inventory turnover ratio : What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equals 1.5, and the firm has $1,800 in current assets?

User Account

All Pages