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Buckley Company

The Buckley Company earned $110,000 last year. The capital stock of the company consists of $300,000 of 9% cumulative preferred stock and $200,000 of common stock. The directors declared a dividend of 60% of the earnings. For the previous year, the directors did not declare a dividend at all.


Refer to Buckley Company. Compute the total amount that will be paid to the holders of common stock.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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john a.john a.
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edelynpl Author
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Thank you, thank you, thank you!
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You make an excellent tutor!
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