Donnelly Manufacturing Donnelly Manufacturing sells cedar birdhouses. The company has prepared the following sales forecast for the third quarter of 2013: July 10,000 units August 12,000 units September 20,000 units Inventory at June 30, 2013 was budgeted at 1,500 units. Management would like the desired quantity of finished goods inventory at the end of each month to be equal to 15% of next
month's budgeted unit sales. October's sales are projected to be 24,000 units. Each completed unit of finished product requires 2.5 square feet of cedar at a cost of $3.5 per square foot. Refer to the Donnelly Manufacturing information above. The total required production of birdhouses for the third quarter of 2013 is:
A) 39,900 units
B) 44,100 units
C) 45,600 units
D) 40,500 units
B
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A corporation has 20,000 shares of 17%, $50 par cumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. Preferred dividends of $36,000 are in arrears. At the end of the current year, the corporation declares a dividend of $208,000. How is the dividend allocated between preferred and common stockholders?
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Announcements are message that publicly notify people of information they need to know
Indicate whether the statement is true or false.