Ravonette Corporation issued 550 shares of $5 par value common stock and 300 shares of $15 par value preferred stock for a lump sum of $18,000. The common stock has a market price of $25 per share, and the preferred stock has a market price of $70 per share. Determine the amount the issuance that should go to each stock (common and preferred).

Common stock issue price = 550 shares  $5 par value

Common stock issue price = $2.750

Preferred stock issue price = $18,000

Par value of preferred stock = 300 shares * $15

Par value of preferred stock = $4,500

Paid in excess of par value of preferred stock = $18,000 - $4500

Paid in excess of par value of preferred stock = $13,500

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.

answer the amount a seller is paid minus the cost of production;