Luther inc., has 1,000 shares of 8%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at december 31, 2016, and december 31, 2017. the board of directors declared and paid a $3,000 dividend in 2016. in 2017, $12,000 of dividends are declared and paid. what are the dividends received by the preferred shareholders in 2017?

The dividends received by the preferred shareholders in 2017 is $7,000

Explanation:

The computation of the preference shareholder dividend is shown below:

= Dividend declared - total preference dividend

= $12,000 - $5,000

= $7,000

where,

dividend declared = $12,000

Each year dividend = Number of shares × $ per share price × rate

                                = 1,000 shares × $50 × 8%

                                = $4,000

Since the dividend was paid on 2016 is $3,000

So, the balance would be = $4,000 - $3,000

                                           = $1,000

So the total preferred dividend in 2017 = $4000 + $1,000 = $5,000

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

the correct answer for apex is “ doubling a recipe and figuring out how many cups of paint to use are both examples of using math skills”.