A company has issued 10000 preferred shares a | vedclass

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Question

(A) $1$. Calculate the dividend on preferred shares:Dividend on preferred shares $= 12 \% 	ext{ of } (10000 	imes 100) = \frac{12}{100} 	imes 10000

Vedclass · Accepted Answer

$5$

Vedclass · Answer

(A) $1$. Calculate the dividend on preferred shares:Dividend on preferred shares $= 12 \% 	ext{ of } (10000 	imes 100) = \frac{12}{100} 	imes 1000000 = Rs. 120000$.$2$. Calculate the dividend on common shares:Dividend on common shares $= 17.6 \% 	ext{ of } (50000 	imes 100) = \frac{17.6}{100} 	imes 5000000 = Rs. 880000$.$3$. Calculate the total dividend paid:Total dividend $= Rs. 120000 + Rs. 880000 = Rs. 1000000 = Rs. 10 	ext{ Lakhs}$.$4$. Calculate the amount kept in the reserve fund:Reserve fund $=$ Total profit $-$ Total dividend paidReserve fund $= Rs. 15 	ext{ Lakhs} - Rs. 10 	ext{ Lakhs} = Rs. 5 	ext{ Lakhs}$.

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