The board of directors of Midwest Foods has declared a dividend of $3,500,000. The company has 300,000 shares of preferred stock that pay $2.85 per share and 2,500,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock.
A. $1.06
B. $1.57
C. $13.50
D. $4.50
Answer: A
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Which of the following statements is true of price lines?
A. Buyers cannot be offered a wide variety of merchandise at each established price. B. Price lines enable a seller to reach several market segments. C. Firms have to carry a larger total inventory than it could without price lines. D. Price lines are advantageous when costs rise continually.
According to the authors of this text, if you want to excel and get promoted to a higher position in leadership, you need to
a. improve your communication with technology. b. avoid text messaging altogether. c. stay away from social media. d. all of the above
Office Supplies was $1,800 at the end of January and $2,280 at the end of February. During February, Office Supplies Expense equaled $560. How much cash was paid for office supplies during February?
A) $440 B) $2,840 C) $3,440 D) $1,040
Retained earnings on the balance sheet provides a measure of the cumulative net assets generated by earnings in excess of dividends declared
Indicate whether the statement is true or false