Ask Question
BusinessBusiness
30 July, 23:35

Ace Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock? a. $50 per shareb. $50,000 in totalc. $5,000 in totald. $0.50 per share

+1
Answers (1)
  1. 31 July, 02:52
    0
    b. $50,000 in total

    Explanation:

    Preference shareholders: The preference shareholders are that shareholders who receive the divided before equity shareholders

    The computation of the annual dividend is shown below:

    = Number of shares * price per share * rate

    = 10,000 shares * $100 * 5%

    = $50,000

    The annual dividend for preference shareholders will be computed by applying the number of shares, the price per share, and the rate.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ace Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A customer owns 100 shares of ABC stock and owns 1 ABC Put option. The customer wishes to sell the stock by exercising the put, but wishes to retain a recently declared cash dividend.
Answers (1)
Enjoli enjoys science and foreign language classes. She loves working with people and volunteers in the local shelter and library on a regular basis, but she is not fond of flying.
Answers (1)
If you decide a job is not right for you, it is not necessary to tell the employer. t or f
Answers (1)
Determine the cost of the land, based on the following data. Land purchase price $90,000 Broker's commission 7,500 Payment for the demolition and removal of existing building 2,500 Cash received from the sale of materials salvaged from the
Answers (1)
The law of diminishing marginal returns holds even when there are no fixed factors. sets in because not all workers are equally productive. applies only in the short run. ultimately explains why production displays diseconomies of scale.
Answers (1)
New Questions in Business
has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 6% preferred stock with a stated value of $5. Dividends have been paid in every year except the past two years and the current year.
Answers (1)
A market is a group of individuals or organizations, or both, that need products in a given category and that have the ability, willingness, and authority to purchase them.
Answers (1)
Assume the U. S. dollar and the Mexican peso are traded in flexible currency markets. Which of the following would cause the U. S. dollar to depreciate relative to the Mexican peso? Higher price level in Mexico relative to the United States.
Answers (1)
Marketing consists primarily of advertising a product or service. a. True b. False
Answers (1)
Who introduced the concept of mail-order merchandising? A. Ebenezer Butterick B. Samuel Slater C. Elias Howe D. Aaron Montgomery
Answers (1)
Home » Business » Ace Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock? a. $50 per shareb. $50,000 in totalc.
Sign Up Forgot Password?