The Frank Company has issued 10%, fully participating, cumulative preferred stock with a total par value of $300,000 and common stock with a total par value of $900,000. Dividends for one previous year are in arrears. How much cash will be paid to the preferred stockholders and the common stockholders, respectively, if cash dividends of $222,000 are distributed at the end of the current year?
A) $85,500 to preferred and $136,500 to common
B) $78,000 to preferred and $144,000 to common
C) $60,000 to preferred and $162,000 to common
D) $55,500 to preferred and $166,500 to common
B
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Which of the following may an auditor use as a defense under the Securities Act of 1933?
a. Contributory Negligence b. Scienter c. Due Care d. Immaterial loss
NOT among the reasons that Wegmans Food Markets delivers above-average profit margins and has below-average employee turnover rates in comparison to its supermarket industry rivals is
A. multimillion dollar investments in the training and education of its employees. B. rewards and benefits substantially lower than supermarket industry averages in order to boost profit margins. C. a regular series of programs designed to "hear," capture, and implement employees' ideas. D. its recruitment and staffing policy of filling at least half of its open opportunities internally. E. company events such as "open-door" days, team huddles, focus groups, and two-way Q&As with senior management.
Manufacturers rarely emphasize packaging because this aspect of the product has little relevance to a customer's decision-making process.
Answer the following statement true (T) or false (F)
Which of the following appears to provide the preferred framework for Internet-based systems?
A) middleware B) application servers C) iPod servers D) None of the above