SOLUTION: a company earned $60,000 last year. The capital stock of the company consisted of 15,000 shares of 6% preferred stock with a par value of $45 per share and 60,000 shares of no-par

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: a company earned $60,000 last year. The capital stock of the company consisted of 15,000 shares of 6% preferred stock with a par value of $45 per share and 60,000 shares of no-par       Log On


   

Question 977481: a company earned $60,000 last year. The capital stock of the company consisted of 15,000 shares of 6% preferred stock with a par value of $45 per share and 60,000 shares of no-par common stock. A dividend on the entire earnings is declared. What amount would be paid per share to the common shareholdeR ?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!

This is not an algebra problem. It is a finance and accounting problem. This is an algebra website. You wouldn't go to the hardware store to get a haircut, would you?

John

My calculator said it, I believe it, that settles it