A firm has an outstanding issue of 1,000 shares of preferred stock with a $100 par value and an 8 percent annual dividend. The firm also has 5,000 shares of common stock outstanding. If the stock is cumulative and the board of directors has not paid the preferred dividend for the prior two years, how much must the preferred stockholders be paid (in total, not per share) prior to paying dividends to common stockholders at the end of third year?
A) $8,000
B) $16,000
C) $24,000
D) $25,000
C) $24,000
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The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:
Standard Costs: Fixed overhead (bases on 10,000 hrs) 3 hrs. per unit @ $0.80 per hr. Variable overhead 3 hrs. per unit @ $2.00 per hr. Actual Costs: Total variable cost $18,000 Total fixed cost $ 8,000 The fixed factory overhead volume variance is: A. $2,000 unfavorable B. $5,000 unfavorable C. $2,500 unfavorable D. $5,000 favorable
In return for promising to make future payments, a firm receives cash or other assets with a measurable cash-equivalent value. The firm records a long-term liability for that amount and determines the market interest rate by finding the
a. internal rate of return. b. external rate of return. c. applicable federal rate. d. prime lending rate published in The Wall Street Journal. e. federal funds rate.
Identify the attributes of problem employees and discuss why managers should try coaching and/or counseling before discipline.
What will be an ideal response?
Which of the following phrases is most likely to be neutral, respectful, and inoffensive?
A) the businessmen who run the company B) the new college kid in who works in engineering C) the accountant who spoke of his disability D) the ladies from the front office E) the handicapped worker who answers the phones