The U.S. Supreme Court also functions as a trial court of limited jurisdiction
Indicate whether the statement is true or false
TRUE
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The Stansbury Company has issued 10%, partially participating, cumulative preferred stock with a total par value of $200,000 and common stock with a total par value of $800,000. The preferred stock participates up to 15% of its par value. No dividends are in arrears. How much cash will be paid to the preferred stockholders and the common stockholders, respectively, if cash dividends of $160,000
are distributed? A) $50,000 to preferred and $110,000 to common B) $20,000 to preferred and $140,000 to common C) $30,000 to preferred and $130,000 to common D) $32,000 to preferred and $128,000 to common
Gershwin, a musical toy for toddlers, is in the maturity stage of the product life cycle, and Gershwin managers have decided to modify the product. What will Gershwin managers most likely do to achieve this goal?
A) change distributors B) offer coupons for the toy C) change the packaging of the toy D) launch an online advertising campaign E) cut prices of the toy to attract new customers
Which of the following is an advantage of creating and distributing a web-based report?
A) Reports are easier to design B) Reports can be printed and stored on the audience's computer C) Reports are durable and don't disappear when a web address changes D) Reports can be updated frequently E) Companies can track people interested in the information
If a seller delivers nonconforming goods to a buyer and the buyer rejects them, the risk of loss
remains on the seller until either the defect is cured or the buyer accepts the nonconforming goods. Indicate whether the statement is true or false