Elem Inc. Has issued 3,000, 8% preferred stock at $10 per stock and 10,000 common stock issued at $10 par value. The corporation's directors declared that it would pay dividends of 5% at the end of the year. How much will the preferred stock holders receive?

the amount does preferred stockholder received of dividend is $2,400

Explanation:

The calculation of the amount does preferred stockholder received= for dividend is shown below:

= Number of share issued × par value per stock × preferred dividend percentage

= 3,000 × $10 × 8%

= $2,400

Therefore, the amount does preferred stockholder received of dividend is $2,400

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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