The stockholders’ equity section of Bramble Corp.’s balance sheet at December 31 is presented here.

BRAMBLE CORP.
Balance Sheet (partial)
Stockholders’ equity
Paid-in capital
Preferred stock, cumulative, 12,500 shares authorized, 7,500 shares issued and outstanding $ 787,500
Common stock, no par, 735,000 shares authorized, 565,000 shares issued 2,260,000
Total paid-in capital 3,047,500
Retained earnings 1,158,000
Total paid-in capital and retained earnings 4,205,500
Less: Treasury stock (6,900 common shares) 36,800
Total stockholders’ equity $4,168,700

From a review of the stockholders’ equity section, answer the following questions.

(a) How many shares of common stock are outstanding?
(b) Assuming there is a stated value, what is the stated value of the common stock?
(c) What is the par value of the preferred stock?
(d) If the annual dividend on preferred stock is $47,250, what is the dividend rate on preferred stock?
(e) If dividends of $73,800 were in arrears on preferred stock, what would be the balance reported for retained earnings?

BRAMBLE CORP

a. number of common share that are outstanding = number of share issue - treasury stock  

  = 565,000 - 6,900 =  558,100

b.  stated value of common share =  $2,260,000/565,000

                                                       =  $4

c.  Par value of preferred stock =  $787,500/7500

                                                    = $105

d. Dividend rate of preferred stock =  $47,250/ $787,500

                                                         =  6%

e.  Balance on the reported retained earnings= $1,158,000 - $73,800

                                                                          =  $1,084,200

Explanation:

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.