Hometown Grocery, Inc. has 50 comma 000 shares of common stock outstanding and 4 comma 000 shares of preferred stock outstanding. The common stock is $ 4.00 par value; the preferred stock is 9% noncumulative with a $ 100.00 par value. On October 15, 2018, the company declares a total dividend payment of $ 54 comma 000. What is the amount of dividend that will be paid for each share of common stock? (Round your answer to the nearest cent.)

$0.36 per share

Step-by-step explanation:

The data provided in the question are as follows

Common stock outstanding = 50,000 shares

Preferred stock outstanding = 4,000 shares

Par value of common stock = $4

Interest rate and par value of preferred stock = 9% and $100

Total dividend payment declared = $54,000

So, the amount of dividend for each share of common stock is

= (Total dividend payment declared - Preferred stock outstanding × interest rate × par value) ÷ (common stock outstanding)

= ($54,000 - 4,000 × $100 × 9%) ÷ (50,000 shares)

= ($54,000 - $36,000) ÷ (50,000 shares)

= $18,000 ÷ 50,000 shares

= $0.36 per share

3. (5x + 1) - (-10x + 6)

simplify the answer choice. combine like terms. remember to distribute the negative to the terms inside the second parenthesis. also remember that two negatives = one positive, and one of each sign = negative.

- (-10x + 6) = + 10x - 6

simplify. combine like terms:

5x + 1 + 10x - 6

5x + 10x + 1 - 6

15x - 5

∴ it is your answer

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