A corporation had the following stock outstanding when the company's board of directors declared a $75,000 cash dividend in the current year:Preferred stock, $40 par, 6%, 12,500 shares issued$ 500,000Common stock, $10 par, 70,000 shares issued ……………. 700,000Total ………………………………………………………..$1,200,000Allocate the cash dividend between the preferred and common stockholders assuming the preferred stock is noncumulative and nonparticipating.
What will be an ideal response?
| Explanation | Preferred Dividend | Common Dividend |
| Preferred cash dividend: (12,500 * $40 * 6%) …………… | $30,000 | ? |
| Remainder to common: ($75,000 ? $30,000) ………………. | ? | $45,000 |
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Total organization change involves introducing and sustaining multiple policies, practices, and procedures across multiple units and levels.
Answer the following statement true (T) or false (F)
The very nature of high-tech industry in the United States promotes organizing efforts by unions.
Answer the following statement true (T) or false (F)