Simplify $\frac { 4 x } { 15 } \cdot \frac { 3 y } { 12 x }$

question 19

Short Answer

Simplify:
$\frac { 4 x } { 15 } \cdot \frac { 3 y } { 12 x }$

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Definitions:

Retained Earnings

The portion of a business's profits that are kept within the company rather than distributed to shareholders as dividends.

Cumulative Preferred Stock

A type of preferred stock that accumulates unpaid dividends, which must be paid out before any dividends can go to common shareholders.

Partially Participating

Relating to securities or policies that offer limited rights or dividends to the holder, with certain conditions applied.

Stock Dividend

Additional shares distributed to shareholders, proportional to their existing holdings, instead of a cash payout.