A protective feature on a preferred stock that requires preferred dividends previously not paid to be disbursed before any common stock dividends can be paid is called _____.?
A. par value?
B. ?voting rights
C. ?cumulative dividends
D. ?sinking fund
E. ?preemptive right
Answer: C
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If you use unpublished materials, such as doctoral dissertations or public speeches, as information resources, you do not need to cite them in your report
Indicate whether the statement is true or false.
Retailers can also be classified by the length and breadth of their product assortments. In terms of product line, what kind of retailer is Indiana Wood?
A) supermarket B) specialty store C) category killer D) department store E) convenience store
Morris Company uses special journals to record transactions. Below are the sales journal and cash receipts journal for Morris. Prepare the following:a. Open an accounts receivable subsidiary ledger having a T-account for each customer. Post the invoices to the subsidiary ledger.b. Open an Accounts Receivable controlling T-Account. Post the end-of the month totals that affect the Accounts Receivable account only.c. Prepare a schedule of accounts receivable and prove that its total equals the Accounts Receivable controlling account balance.Sales JournalDateAccount DebitedInvoice NumberPRAccounts Receivable Dr. Sales Cr.Cost of Goods Sold Dr. Inventory Cr.12/1Wazoo Co.1200?6,9003,50012/1Fargo Co.1201?3,4001,80012/3Jansen Co.1202?7,2004,00012/6Marsh
Co.1203?3,0001,500?Totals??20,50010,800Cash Receipts JournalDateAccount CreditedExplanationPRCash Dr.Sales Discount Dr.Accounts Receivable Cr.Sales Cr.Other Accounts Cr.Cost of Goods Sold Dr. Inventory Cr.12/2SalesCash sales?12,000??12,000?6,50012/3Notes PayableBank loan?15,000???15,000?12/5Wazoo Co.Invoice 12/1?6,7621386,900???12/6Fargo Co.Invoice 12/1?3,332683,400????Totals??37,09420610,30012,00015,0006,500 What will be an ideal response?
An advantage of hiring personnel who are citizens of neither the home country nor the host country may be that all of the following except that they
A. may come from a culture similar to that of the host country. B. may accept lower wages and benefits. C. will face fewer obstacles in obtaining necessary work permits. D. have international experience.