Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 99,000 shares of $14 par common stock. 8,000 shares of $80 par, 4 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 8,000 shares of preferred stock and a $4 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20. Required a. Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders.

Total dividends is  $421,600.00  

Explanation:

Preferred shareholders' dividend=preferred shares value*4%

preferred shares value=8000*$80

                                      =$640,000

Preferred shareholders' dividend=$ 640,000.00*4%

                                                       =$25,600.00  

Common shareholders' dividend =number of shares*dividend per share

number of shares is 99,000

dividend per share is $4

Common shareholders' dividend =99000*$4

                                                        =$396,000.00  

Total dividends=Common shareholders' dividend+Preferred shareholders' dividend

Total dividends=$25,600.00 +$ 396,000.00  

                         =$ 421,600.00  

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.