electric, inc. was incorporated on january 1, 2016. electric issued 7 comma 000 shares of common stock and 1 comma 200 shares of preferred stock on that date. the preferred stock is cumulative, $ 100.00 par, with an 10% dividend rate. electric has not paid any dividends yet. in 2019, electric had its first profitable year, and on november 1, 2019, electric declared a total dividend of $ 50 comma 000. what is the total amount that will be paid to preferred shareholders?

$48,000

Explanation:

The computation of the total amount paid to the preferred shareholder is shown below:

= Number of preferred stock shares × par value × dividend rate × number of years

= 1,200 shares × $100 × 10% × 4 years

= $48,000

Simply we multiplied with the number of preferred stock with the par value, its dividend rate and the time period so that the correct value can come

All other information which is given is not relevant. Hence, ignored it

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: