M. bot corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at december 31, 2022. no dividends were declared in 2020 or 2021. if m. bot wants to pay $375,000 of dividends in 2022, what amount of dividends will common stockholders receive?

$135000

Explanation:

Given: Outstanding cumulative preferred stock of 10000 shares of 8% at $100

            Dividend paid= $375000.

Now, calculating preferred stock.

Preferred stock=

∴ Preferred stock= $80000

Cumulative dividend paid to shareholder=

∴ Cumulative dividend paid to shareholder= $240000

Next, computing the amount of dividends will common stockholder receive.

Total dividend paid= $375000.  

Dividend received by common stockholder=

⇒ Dividend received by common stockholder=

∴ $135000 dividend will be received by common stockholder.    

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total