Acorporation has 24 comma 000 shares of 10%, $ 60.00 par cumulative preferred stock outstanding and 37 comma 000 shares of nominuspar common stock outstanding. preferred dividends of $ 13 comma 000 are in arrears. at the end of the current year, the corporation declares a dividend of $ 222 comma 000. how is the dividend allocated between preferred and common stockholders?

See below.

Explanation:

Lets summarize the information first.

Cumulative preferred stock @ 10% = 24,000 * 60 = $1,440,000

Common Stock = 37,000 shares

Preferred dividend arrears = $13,000

Total Declared dividend = $222,000

Total Payable for preferred stock this year = 1,440,000*0.10 = $144,000

So total share payable to preferred stock = $144,000 + $13,000 = $157,000

Total payable to common stock holders = $222,000 - $157,000 = $65,000

Hope that helps.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; be sure that the information on file is correct;