365371

01.12.2021 • 

Business

Lookatdabox Electronics sells 32" LED TVs. For a particular week, the selling price, variable cost, total unit sales of the 32" LED are $600, $453 and 30 units respectively. Most of the customers prefer a bigger screen. So, the company expanded their product line by bringing in 40" LED TVs next week, whose selling price, variable cost, and total unit sales are $800, $538, and 10 units respectively. If the cannibalization rate is 53%, what would be the total weekly contribution for both TVs combined?

Ответ:

yariiixox

11.06.2020

Business

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$7,500 preferred stock, $12,500 common stock

Explanation:

Given that:

Total cash Dividend = $20,000

Preferred stock:

5,000 shares of $15-par, 10%

Therefore ;

preferred stock balance = number of share × price × rate

5000 × $15 × 0.1 = $7,500

Balance of common stock is therefore ;

Total cash Dividend - balance of preferred stock

$20,000 - $7,500 = $12,500

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