This topic contains a solution. Click here to go to the answer

Author Question: The board of directors of Midwest Foods has declared a dividend of 3,500,000. The company has ... (Read 90 times)

fox

  • Hero Member
  • *****
  • Posts: 540
The board of directors of Midwest Foods has declared a dividend of 3,500,000. The company has 300,000 shares of preferred stock that pay 2.85 per share and 2,500,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock.
 A) 1.06
  B) 1.57
  C) 13.50
  D) 4.50

Question 2

Caridad borrowed 15,500 at 11 ordinary interest for 120 days. After 70 days, she made a partial payment of 3,000. What is the final amount due on the loan? (Round to the nearest cent)
 A) 13,921.56
  B) 14,596.22
  C) 13,027.57
  D) 12,943.06



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akemokai

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

A

Answer to Question 2

C




fox

  • Member
  • Posts: 540
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Gracias!

 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

For a complete list of videos, visit our video library