Pearland, Inc has 9,000 shares of preferred stock outstanding
The preferred stock has a $90 par value, a 14% dividend rate, and is noncumulative. If Pearland has sufficient funds to pay dividends, what is the total amount of dividends that will be paid out to preferred stockholders?
A) $32,143
B) $113,400
C) $57,857
D) $8,100
B .B) The total amount of dividends paid out to preferred stockholders =
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Minimum wages, hours of employment, and child labor are regulated by the:
A) Regulated Hours Act. B) Fair Labor Standards Act. C) Right to Work Laws. D) Federal Employment Act of 1940.
Assuming a bottom-up process of budget development, which of the following should be initially responsible for developing sales estimates?
A. The marketing department. B. The sales department. C. The accounting department. D. Top management. E. The budget committee.
The statement of cash flows has four main sections, one each for operating, investing, and financing activities, and one that shows a summary of the cash and cash equivalents at the end of the year.
Answer the following statement true (T) or false (F)
Which of the following statements is true about small businesses?
A. They get easy financing that leads to too many choices for funding. B. Small businesses provide low employee job satisfaction owing to a lower volume of transactions. C. Inadequate management in small businesses creates problems for small business owners and entrepreneurs. D. They are not subject to burdensome government regulations and paperwork.