Parnell, Inc has 5,000 shares of $5 par, 3% cumulative preferred stock outstanding and 25,000 shares of $2 par common stock outstanding. No dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year?
A) $52,250
B) $50,750
C) $50,000
D) $2,250
A
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Tulsa Corp reported the following information for 2015 and 2016. Interest payable, December 31, 2015 $ 5,700 Interest payable, December 31, 2016 6,200 Interest expense—2016 12,250 How much cash was paid for interest during 2016?
a. $11,750 b. $12,250 c. $12,500 d. $12,750
Amy Hudson has been trying to purchase Glen Cappel's antique desk for some time, but Glen has been reluctant to sell. One evening Glen said to Amy, "Okay, I'll sell the desk for $550." Amy replied, "Thank you, Glen. I accept." The agreement was not reduced to writing, but Glen and Amy did shake hands. Two days later, Amy sent Glen a letter outlining the terms of the agreement, and stating that
she would deliver $550 cash according to the agreement within ten days. The letter was signed, "Best regards, Amy." Later, Amy had second thoughts, and refused to go through with the purchase. Nothing had been exchanged at this point. Glen a. can enforce the contract against Amy because the statute of frauds is satisfied under this situation. b. cannot enforce the contract against Amy because her signature was inadequate without her last name under the statute of frauds. c. cannot enforce the contract against Amy because he did not sign the letter. d. can enforce the contract because they shook hands on the agreement.
A problem with the tender offer mechanism in a takeover is the . The term refers to a situation in which rational behavior by each individual shareholder results in shareholders as a group being worse off
If individual target shareholders (correctly) foresee that the value of their shares will be worth more after the takeover than they will receive in the tender offer, they will choose not to tender their shares. a. holdover problem b. free rider problem c. holdout problem d. non-tender problem
The principal distinction between assault and battery is:
a. the difference between the plaintiff knowing the defendant and not knowing the defendant b. the difference between the requirements of apprehension of an offensive physical contact and of actual physical contact c. the difference between the requirements of proximate cause and ultimate cause d. all of the other specific choices e. none of the other specific choices