In the statement of cash flows, these transactions would be listed under investing activities from
Investments in securities and plant assets were purchased with cash. The correct option is A. Cash flows from operating activities
Your organization's cash flow articulation depends on the cash flow from successful management operations, which is used to demonstrate the impact of these efforts on cash flow. For this action, figure out how to compute it. Contributing activities refer to any transactions that directly affect long-term assets.
This may include buying a building, giving away equipment, or investing money in stocks. Once completed, information on the cash flow proclamation of an organisation is given to these activities.Every time a delayed resource is purchased, organization's cash flow is reduced.
complete question:
Identify which of the following are properly reported in a statement of cash flows. (Check all that apply.)
Options for this question include:
A. Cash flows from operating activities
B. Cash flows from financing activities
C. Cash flows from investing activities
D. Cash flows from income actvities
To know more about Cash Flow statement visit:
https://brainly.com/question/28429867
#SPJ4
How can creating a customer profile help entrepreneurs identify their target market
Creating a customer profile helps identify markets because the information on it is too persuade the buyer, customer or Purchaser. I'm in 6th grade don't judge x
Required information Skip to question [The following information applies to the questions displayed below.] Assume you are the president of High Power Corporation. At the end of the first year of operations (December 31), the following financial data for the company are available: Accounts Payable $ 32,800 Accounts Receivable 10,600 Cash 14,000 Common Stock 59,790 Dividends 2,020 Equipment 86,000 Notes Payable 1,550 Operating Expenses 59,100 Other Expenses 7,920 Sales Revenue 91,200 Supplies 5,700 Required: Prepare an income statement for the year ended December 31.
The net income for the year ended Dec 31 is $24,180.
The preparation of the income statement is presented below:Sales revenue $91,200
Less: operating expenses $59,100
Operating income $32,100
Less: other expenses $7,920
Net income $24,180
Therefore we can conclude that the net income is of $24,180
Learn more about the equipment here: brainly.com/question/3824466
In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year.
There were approximately 8.17 billion cell phone subscribers in the world in 2019
To calculate the number of cell phone subscribers in the world in 2019, we need to find the total increase in the number of subscribers over the five-year period, and add it to the initial number of subscribers in 2014.
First, let's calculate the increase in the number of subscribers each year:
Year 1: 7 billion x 0.03 = 210 million
Year 2: (7 billion + 210 million) x 0.03 = 221.7 million
Year 3: (7 billion + 210 million + 221.7 million) x 0.03 = 233.51 million
Year 4: (7 billion + 210 million + 221.7 million + 233.51 million) x 0.03 = 245.85 million
Year 5: (7 billion + 210 million + 221.7 million + 233.51 million + 245.85 million) x 0.03 = 258.76 million
Now we can add up the total increase over the five-year period:
210 million + 221.7 million + 233.51 million + 245.85 million + 258.76 million = 1.16982 billion
Finally, we can add this total to the initial number of subscribers in 2014:
7 billion + 1.16982 billion = 8.16982 billion
Therefore, there were approximately 8.17 billion cell phone subscribers in the world in 2019
Learn more about cell phone
https://brainly.com/question/15300868
#SPJ4
Full Question: "In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year. How many cell phone subscribers were there in the world in 2019?"
Joseph is writing a report tracing the three-month development of a new office site. What type of organizational method should he use
Organizational methods refer to the systems of computing activities and events. For Joseph who is writing a report tracing the three-month development of a new office site, he should use the;
Time organizational method.As the name suggests, the time organizational method arranges events according to the time of their occurrence. The same is applicable for the report that Joseph is computing.
He will organize the activities according to the stages and time of occurrence within the three-month time frame.
Learn more here:
https://brainly.com/question/12384651
"If the previous chart measures CaliMart’s revenues in millions of dollars, how much money did CaliMart make in 2005"
Answer: $12 million
Explanation:
In 2009, Cali made a revenue of $26 million.
In 2005, Cali made a revenue of $14 million.
= 26 - 14
= $12 million
Cali made $12 million more in 2009 than in 2005.
The young woman's proposal seems to be
by company policy.
The young woman's request doesn't appear to be covered by company policy.
What is a business?A corporate structure that is distinct from its owners legally is a company. Due to additional accounting rules and higher-level legal obligations, the business structure is more complex and has greater setup and administrative costs.
How can a firm be described as a business?Due to the desire of its employees to create value, a business is referred to as a company.Old French, which means compaignie or companionship, is where the word "company" first appeared.
To know more about company visit :
https://brainly.com/question/29354835
#SPJ1
Which of the following would cause consumers to demand fewer slices of pizza?
A. an increase in the supply of pizza slices
B. a decrease in the supply of tacos
C. an increase in the price of pizza slices
Answer:
C.
Explanation:
All the others make the supply of pizza larger, or high demand
how should public funds be allocated
Answer:
iiwjebendj
Explanation:
8sidnfbbfndjdijsnennejrjfjrjej
a) The market for automobile tires after the price of rubber increases. b) The market for a hardcover book in which the publisher overestimated demand, charging more than the equilibrium price. (Instead of a shift, indicate the quantity of the shortage or surplus of the book.) c) The market for a normal consumer good after a significant rise in average income. d) The market for infant cribs after a significant decline in the birth rate. For the following three parts, answer each question completely, directly, and succinctly. e) If the demand for a good decreases, ceteris paribus, what will happen to the equilibrium price
Answer:
Decreases.
Explanation:
If the demand for a good decreases and all other things are equal then there will be decrease in equilibrium price because there is a direct relationship between demand and equilibrium price. In direct relationship, if one increases the other automatically increases and vice versa so same is the case with demand and equilibrium price. As demand increases the equilibrium price will also increases and vice versa.
SOLVE USING EXCEL
You are considering investing in a project that requires an initial investment
of $500,000. The project is expected to generate cash flows of $100,000 per year for the next 10
years, however, at the end of the fifth year, the project will require an additional investment of
$60,000 to continue operations for another 5 years. At the end of the tenth year, the project has an
expected salvage value of $180,000.
We assume $250,000 is borrowed at 12.5% annual compound interest and repaid in 10 years.
We will use a 10-year planning horizon, a 21% tax rate, an 10.5% BTMARR, and DDB
depreciation method.
Determine ATMARR, and then the preferred payment plan based on ATPW and determine the
ATFW, ATAW, ATIRR, and ATERR for each of the following four plans:
a) Plan 1: Pay interest each period, but make no principal payment until the end of the loan
period
b) Plan 2: Make equal end-of-period principal payments and pay interest each period on
the unpaid balance at the beginning of the period
c) Plan 3: Make equal end-of-period payments over the loan period
d) Plan 4: Make no payment until the end of the loan period
The percentage of inflow that is paid in taxes is known as the average tax rate (or effective tax rate) for a taxpayer. The tax rate levied on a taxpayer's final dollar of income, however, is known as their marginal tax rate.
ATMARR stands for After-Tax Marginal Average Rate of Return. To calculate ATMARR, we need to first calculate the after-tax cash flows for each year of the project:
Year 1:
Cash inflow: $100,000
Taxable income: $100,000 - $50,000 (depreciation) = $50,000
Taxes: $10,500
After-tax cash flow: $89,500
Year 2-4:
Cash inflow: $100,000
Taxable income: $100,000 - $50,000 (depreciation) = $50,000
Taxes: $10,500
After-tax cash flow: $89,500
Year 5:
Cash inflow: $100,000
Taxable income: $100,000 - $50,000 (depreciation) = $50,000
Taxable income with additional investment: $100,000 - $50,000 (depreciation) - $60,000 (investment) = -$10,000
Taxes: $0
After-tax cash flow: $100,000 - $60,000 = $40,000
Year 6-10:
Cash inflow: $100,000
Taxable income: $100,000 - $50,000 (depreciation) = $50,000
Taxes: $10,500
After-tax cash flow: $89,500
Salvage value:
Cash inflow: $180,000
Taxable income: $180,000 - $95,000 (book value) = $85,000
Taxes: $17,850
After-tax cash flow: $162,150
Now we can calculate the ATMARR using the after-tax cash flows and the initial investment:
NPV = -$500,000 + $89,500/(1+ATMARR)^1 + $89,500/(1+ATMARR)^2 + $89,500/(1+ATMARR)^3 + $40,000/(1+ATMARR)^4 + $89,500/(1+ATMARR)^5 + $89,500/(1+ATMARR)^6 + $89,500/(1+ATMARR)^7 + $89,500/(1+ATMARR)^8 + $89,500/(1+ATMARR)^9 + $162,150/(1+ATMARR)^10
Solving for ATMARR using a financial calculator or spreadsheet software gives us a value of approximately 12.6%.
To determine the preferred payment plan based on ATPW, we need to calculate the present value of the cash inflows using the ATPW formula:
ATPW = (1 - (1 + i)^(-n)) / i
where i is the interest rate (10.5%), and n is the number of years (10).
ATPW = (1 - (1 + 0.105)^(-10)) / 0.105
ATPW = 6.746
Learn more about Cash inflow here:
https://brainly.com/question/31086720
#SPJ1
50K in 2018 what does it mean or what is it?
Answer:
50K in 2018 means that 50,000 dollars were earned in the year 2018, so this could refer to the annual income of a person or a household.
This would be equivalent to a monthly wage of 4,166 dollars each month, because 50,000 / 12 = 4,166.
This wage would be very close to the median wage in the United States.
How is inflation being affected globally
Answer: Inflation is pushing up the prices of essential goods such as food, transport and utilities.
More than two-thirds of people around the world are feeling the squeeze, according to new research.
As the cost of living rises, the poorest in society are suffering most.
Explanation:
If you had to explain to someone what “citing a source” means, how would you describe it?
Answer:
A citation identifies for the reader the original source for an idea, information, or image that is referred to in a work. In the body of a paper, the in-text citation acknowledges the source of information used. At the end of a paper, the citations are compiled on a References or Works Cited list.
which of the following theories suggests that counterterrorism policies should be aimed at providing the worlds
The Rational Choice Theory suggests that counterterrorism policies should be aimed at providing the world with incentives to choose non-violent options.
What is incentives?Incentives are rewards or recognition given in order to motivate and encourage people to achieve a certain goal. They can be used in a variety of ways, such as to reward a job well done, motivate employees to reach a certain target, or encourage people to take on an extra task. Incentives can come in the form of tangible rewards, such as money, gifts or extra vacation time, or intangible rewards, such as praise or recognition. They can also be used to create a sense of competition and inspire employees to work harder. Incentives can be used in both the private and public sector and can be tailored to suit a variety of different objectives. Incentives can be an effective way of motivating people and inspiring them to reach their full potential.
To learn more about incentives
https://brainly.com/question/8992482
#SPJ4
what are the important seo features ?
The important seo features are Keyword Research, On-Page Optimization, High-Quality and Engaging Content, Link Building, Mobile-Friendly Design, Site Speed and Performance and User Experience (UX).
While SEO is a complex and multifaceted field, there are several important features that contribute to an effective SEO strategy. Let's explore some of these features:
Keyword Research: Keyword research involves identifying the specific search terms and phrases that users are likely to use when searching for information related to your website's content. On-Page Optimization: On-page optimization refers to optimizing individual web pages to make them more search engine-friendly. This includes optimizing title tags, meta descriptions, headers, URLs, and incorporating relevant keywords naturally within the content. High-Quality and Engaging Content: Creating high-quality, informative, and engaging content is crucial for SEO. Search engines prioritize content that provides value to users.Link Building: Link building involves acquiring high-quality backlinks from other reputable websites. Backlinks act as "votes of confidence" for your website, indicating to search engines that your content is trustworthy and authoritative. Mobile-Friendly Design: With the increasing use of mobile devices for internet browsing, having a mobile-friendly website is essential. Site Speed and Performance: Website speed and performance play a vital role in SEO. Search engines prioritize delivering fast and efficient user experiences.User Experience (UX): Providing a positive user experience is critical for SEO success. Factors such as easy navigation, clear site structure, intuitive design, readable fonts, and engaging multimedia elements contribute to a better user experience.For such more question on Research:
https://brainly.com/question/20365163
#SPJ8
1. Why do we need emotions when we make decision?
2. Why do you think the reason and impartialty are minimum requirements in decision making?
To keep people trusting in the decision-making process, there must be the illusion of impartiality. When there is a conflict of interest, you shouldn't participate in the decision-making process.
Why are feelings necessary for moral decision-making?Emotional processes influence moral judgement by giving moral decision-making scenarios an affective value, which helps to define what behaviours are acceptable and unacceptable (Haidt, 2001).
What do reason and objectivity in morality mean? Why are impartiality and reason considered to be the bare minimum of morality?It is a basic justice principle. Giving equal and/or sufficient regard to the interests of all parties involved is necessary according to the impartiality moral theory. It is predicated on the idea that everyone is, usually speaking, equally significant and that no one is viewed as having more intrinsic value than another.
To know more about decision-making process visit :-
https://brainly.com/question/19901674
#SPJ1
Discuss the various system for internal administration for financial organisation.
The various system for the internal administration of financial organizations includes accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
Internal administration systems for financial organizations are systems that oversee the internal functioning of the financial organizations and their staff. They enable businesses to establish and follow specific procedures that ensure their operations are stable, transparent, and responsible.
Here are some of the various systems for internal administration for financial organizations:
1. Accounting systems: Accounting systems are essential to ensure the accuracy of financial transactions and the reliability of financial statements. The accounting system should provide information about the current financial status of the organization and account for all income and expenses.
2. Budgeting systems: Financial organizations use budgeting systems to allocate resources and plan expenditures. This system can be used to control the financial performance of a department, project, or organization.
3. Internal controls: Internal controls are the procedures, policies, and activities that help an organization to maintain the integrity of its operations and prevent fraud. The effectiveness of these controls depends on how well they are implemented.
4. Performance management systems: Performance management systems are used to ensure that the goals of an organization are achieved. This system can be used to monitor and evaluate employee performance, provide feedback, and manage employee development.
5. Risk management systems: Risk management systems help financial organizations to identify and manage risks. They can be used to assess the risk associated with various activities and develop strategies to mitigate those risks.
6. Compliance management systems: Compliance management systems help financial organizations ensure that they are following all relevant regulations and laws. They can be used to monitor compliance with internal policies and procedures as well as external regulations.
In conclusion, internal administration systems for financial organizations are essential for ensuring the stability and transparency of financial operations. These systems include accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
Know more about Accounting systems here:
https://brainly.com/question/32088769
#SPJ8
If you are offered $400,000 in 13 years and you can earn 16 percent on your money, what is the present value of $400,000?
Answer: The present value of $400,000 after 13 years is $1,232,000.
Explanation:
Principle, P = $400,000
Time, T (in years) = 13
Rate of Interest, R = 16% = 0.16
Thus, Interest (I) = P*R*T = $832,000
Therefore, Present Value of Principle, or Amount (A) = P + I
= $400,000 + $832,000
= $1,232,000
To learn more about interest,
https://brainly.com/question/9352088
1.Why is knowledge of consumer behavior important to the marketer?
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
if china has china business is china china or just china
who will wim trump or bid en³³³³³³³³³³³³³³³³³³³³³³³³∉∉∉∉∉∉∉∉∉∉∉
Answer:bid
Explanation:
Answer:
biden is a china puppet aka he is being controlled by china
Explanation:
all cash receipts and outflows during an interest period are treated as if they all happened at the same time. what is that time, and what is this rule called?
The end of the time period is the point at which all cash inflows and outflows within an interest period are handled as though they occurred simultaneously; this rule is referred to as the End of the period convention.
Explain the concept of cashflows.Cash flow can be defined as the net amount that flows into and out of your organization over a specific period of time.Typically, this time frame is a month, quarter, or year.
The cash inflow is the total sum of money coming into your business. Positive cash flow occurs when there is more money entering in than leaving the business. Cash inflow includes any profits you make from investments you make. It also includes the money you receive immediately from clients in return for the products or services you render.
When money leaves your company, this is referred to as a cash outflow. When it comes to operations, cash outflow happens when you pay your employees' salary and when you pay your rent.
To know more about, cashflows, visit :
https://brainly.com/question/17032132
#SPJ4
3. What kind of method of growth does McDonald’s apply in the case ? How does it contribute to the McDonald’s value chain
The kind of method of growth that McDonald’s apply in the case is Market penetration.
McDonald's value chain analysis identifies all the major actions and supporting activities that significantly enhance the company's end product, and the business carefully examines these activities in order to either save costs or increase differentiation.
What method did McDonald's employ?Offering food at affordable costs has long been McDonald's pricing approach. This has contributed to the restaurant's long-term success. This has significantly contributed to McDonald's development as one of the world's leading fast-food brands.
When a product or service is successfully sold in a particular market, this is referred to as market penetration. The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
Learn more about Product at:
https://brainly.com/question/25922327
#SPJ1
Paul is the HR manager at FloGlow Inc., which is preparing for the launch of a new product line. The company needs to know how many new customer service representatives to add to help customers with questions and concerns about the existing and new products. To guide the company, Paul needs information about the number of employees currently providing customer service, the number likely to be in those jobs next year, and the number expected to move to other positions in the organization. The information will be easier to organize and interpret if Paul uses a(n)
Answer:
transitional matrix.
Explanation:
transitional matrix allows to have
probabilities with more than one states moving from one to another. With transitional matrix, prediction can be made as well as the followed trend of events.it can be regarded as stochastic matrix.
In the case whereby Paul, needs information about the number of employees currently providing customer service, the number likely to be in those jobs next year, and the number expected to move to other positions in the organization, it will be easier to organize and interpret all these information if Paul uses transitional matrix because there are different states of information here, and he needs to move from one to the other.
Andy uses a card reader to make a purchase at the mall. A few days later, he notices unauthorized charges on his credit card. Which type of fraud has most likely occurred
A. Skimming
B. Account freezing
C. Phishing
D. Hacking
Based on the given information, the most likely type of fraud that occurred in Andy's situation is C. Phishing.
Phishing is a type of cybercrime where attackers trick individuals into revealing their sensitive information, such as credit card details, passwords, or personal identification, by pretending to be a legitimate entity.
The fact that Andy noticed unauthorized charges on his credit card shortly after using a card reader indicates that his credit card information may have been compromised during the transaction.
Skimming, which involves unauthorized copying of card data, is a possibility, but phishing is more likely in this case as it directly involves obtaining credit card information through deception.
Account freezing and hacking are less likely scenarios in this context. Account freezing refers to the temporary suspension of an account by a financial institution due to suspicious activity, which is not mentioned in the scenario.
Hacking involves unauthorized access to a computer system or network, which is not explicitly indicated as the cause of the unauthorized charges. Option C
For more such questions on fraud visit:
https://brainly.com/question/31032334
#SPJ8
Answer:
Phishing.
Explanation:
evaluate the effects of many sources of power in the economy
The four production factors—natural resources, labor, capital equipment, and entrepreneurship—are what largely determine a country's economic power if GDP per capita growth is the primary metric.
A variety of electricity sources can have distinct consequences on an economy. These power sources can include, among others, the government, businesses, labor unions, financial institutions, and consumer advocacy organizations.
Governments have the authority to influence economic policy through laws, regulations, and fiscal and monetary policies. Taxation, government spending, interest rates, and other elements that affect the broader economy can be impacted by these policies.
Investing in infrastructure, generating jobs, and promoting economic growth are all things that entrepreneurship can do. On the national economy and local communities, their decisions about employment, pay, investment, and production may have a big impact.
Learn more about the Economy here:
https://brainly.com/question/30131108
#SPJ1
The process of estimating uncollectible accounts
Answer:
The process of estimating uncollectible accounts is called the allowance method. It involves estimating the amount of accounts receivable that are not expected to be collected and setting aside an allowance for that amount. This allowance is then used to reduce the reported amount of accounts receivable on the balance sheet to their estimated realizable value. The estimate is based on historical experience, current economic conditions, and other relevant factors that may affect the collectability of the accounts receivable.
Explanation:
When you see an advertisement for a store and decide to shop there, which element of the marketing mix has succeeded?
O Presentation
O Product
O Place
O Promotion
Answer:
Promotion
Explanation:
Because it is telling people that the product is ready for them to buy it
"I haven't missed a day of work in the past year, and I'm committed to this company, so I determined that a 20 percent salary increase is warranted for reasons of fairness," said Ted to his supervisor. In reply, Liz asked, "How did you determine that a 20 percent salary increase is fair?" If Ted had used equity theory as a basis for his request, he would have replied, "To determine a proper salary increase:______
a. I made comparisons with others' salaries."
b. I demonstrated a positive attitude as expected of me."
c. I evaluated how much I am respected."
d. I sought intrinsic rewards for myself."
e. I sought job enlargement in my position."
Answer: a. I made comparisons with others' salaries."
Explanation:
Equity theory simply refers to the principle that the actions of individuals are based on fairness and in a situation whereby there's no fairness or equity, the workers will seek to address such differences.
According to the equity theory, workers believe that everyone who puts in a similar input should get a similar reward. Therefore, in this case since Ted used the equity theory, he'll make a comparison with the salary of others.
What is the total cost of ownership
A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Preferred Common Year Dividends Total Per Share Total Per Share1 $10,000 2 25,000 3 60,000
Answer:
See the attached photo for the completed the schedule.
Explanation:
Note: See the attached photo for the completed the schedule.
In the attach excel file, the following formulae and calculations are used:
Peferred stock dividend per share = Total cumulative preferred stock dividend paid in a year / Number of cumulative preferred shares
Common stock dividend per share = Total common stock dividend paid in a year / Number of common shares
Total cumulative preferred stock dividend = Number of cumulative preferred stock * Par value * Dividend rate = 2,500 * $100 * 10% = 2,500 * $100 * 10% = $25,000
Outstanding cumulative preferred stock dividend in Year 1 = Total cumulative preferred stock dividend - Total cumulative preferred stock dividend paid in Year 1 = $25,000 - $10,000 = $15,000
Outstanding cumulative preferred stock dividend in Year 2 = Outstanding cumulative preferred stock dividend in Year 1 = $15,000
Total cumulative preferred stock dividend paid in Year 3 = Total cumulative preferred stock dividend + Outstanding cumulative preferred stock dividend in Year 2 = $25,000 + $15,000 = $40,000
Total common stock dividend paid in Year 3 = Dividend distributed in Year 3 - Total cumulative preferred stock dividend paid in Year 3 = $60,000 - $40,000 = $20,000