The surf's up issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2020. all remaining shares are common stock. the company was not able to pay dividends in 2020, but plans to pay dividends of $18,000 in 2021.
1. assuming the preferred stock is cumulative, how much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021?
multiple choicea. $18,000 to preferred stockholders and $0 to common stockholders. b. $6,000 to preferred stockholders and $12,000 to common stockholders. c. $9,000 to preferred stockholders and $9,000 to common stockholders. d. $12,000 to preferred stockholders and $6,000 to common stockholders.

Dividend paid to preferred stockholders in 20121

= 6% x $100 x 1,000 x 2 year

= $12,000

Dividend paid to common stockholders

= Total dividend - Preferred dividend

= $18,000 - $12,000

= $6,000

The correct answer is D

Explanation:

The dividend paid to preferred stockholders is calculated as dividend rate multiplied by par value of the preferred stock multiplied by number of preferred stock outstanding multiplied by 2 years (2020 - 2021).

The dividend paid to common stockholders is the difference between total dividend and preferred dividend.

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.

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.