Colorful, Inc. was incorporated on January 1, 2016. Colorful issued 15,000 shares of common stock and 800 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with a 12% dividend rate. Colorful has not paid any dividends yet. In 2019, Colorful had its first profitable year, and on December 31, 2019, Colorful declared a total dividend of $44,000. What is the total amount that will be paid to common stockholders?
A) $9600
B) $38,400
C) $5600
D) $44,000
C) $5600
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A profit-volume graph differs from a cost-volume-profits graph in that a profit-volume graph displays only
A) costs associated with units produced B) operating income associated with expected sales C) revenues and costs associated with sales volume D) revenues expected at targeted sales levels E) all of these
Stelwire LLC, a vintage car dealer, advertises the sale of a 1964 Ford Thunderbolt. Ralph responds to the advertisement with an offer of $80,000 for the car. Stelwire signs a written assurance to keep that offer open to Ralph for a fortnight
Five days before the fortnight is up, Stelwire sells the car to another buyer. At the end of the fortnight period, Ralph tenders $80,000 for the car, but the car has already been sold. Ralph then buys the same model car from another dealer for $90,000 and sues Stelwire for breach of contract. The court rules that Stelwire is liable to Ralph for breach of contract and orders Stelwire to pay Ralph the difference of $10,000 he paid extra to the second dealer for the car. What was the nature of the contract between Ralph and Stelwire? A) counteroffer B) open terms contract C) option contract D) lease contract
The land over which the easement is granted is called the servient estate
Indicate whether the statement is true or false
Title VII of the Civil Rights Act does not apply to firms operating outside of the United States
Indicate whether the statement is true or false