Robbins petroleum company is three years in arrears on cumulative preferred stock dividends. there are 870,000 preferred shares outstanding, and the annual dividend is $8.50 per share. the vice-president of finance sees no real hope of paying the dividends in arrears. she is devising a plan to compensate the preferred stockholders for 70 percent of the dividends in arrears.

Arreas of preferred dividend

= $8.50 x 870,000 x 3  years

= $22,185,000

Compensation plan

= 70% x $22,185,000

= $15,529,500

Explanation:

The arrears of preferred dividend is calculated by multiplying the dividend per share by the number of preferred stocks outstanding and number of years. The compensation plan is calculated on 70% of the arrears of preferred dividend

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

i would get some file cabnitsits to store all my documents and paper work, then i would make sure to always keep my desk clean and organzed by using sticky notes to mark a stack of papers. and etc. but mainly i would just stay clean and organized because it will make lfe alot eaisier trust me. hope this !