Wetzel, inc. has 20,000 shares of cumulative preferred stock outstanding, with annual dividends paid at a rate of $1 per share. wetzel, inc. also has 40,000 shares of common stock outstanding. preferred dividends were passed in the prior year. if wetzel, inc. declares a $700,000 dividend, each outstanding share of common stock would receive: (round your answer to the nearest cent.) a) $1.00 b) $16.50 c) $17.00 d) $17.50

Ms. sophia jones, the company president, has heard that there are multiple breakeven points for every product. she does not believe this and has asked you to provide the evidence of such a possibility. some information about the company for 2017 is as follows:

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.

Hillside issues $4,000,000 of 6%, 15-year bonds dated january 1, 2016, that pay interest semiannually on june 30 and december 31. the bonds are issued at a price of $4,895,980. required: 1. prepare the january 1, 2016, journal entry to record the bonds’ issuance