A firm has issued cumulative preferred stock with a $100 par value and a 12 percent annual dividend. For the past two years, the board of directors has decided not to pay a dividend
At the end of the current year, the preferred stockholders must be paid ________ prior to paying the common stockholders.
A) $ 0/share
B) $12/share
C) $24/share
D) $36/share
D
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Allocation of indirect expenses is done on a reasonable basis
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Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the ordering costs are $15 per order, what are the total ordering costs during the 10-day period?
a. $115
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c. $45
d. $230
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