A company has 2,000 shares of $100 par, 6%, noncumulative preferred stock outstanding. If the board of directors declares a dividend this year, how much will the preferred shareholders receive?

A) $100 per share
B) $6 per share
C) $200,000 in total
D) $60 per share

B

Business

You might also like to view...

Which of the following is concerned with very short-term detailed planning of the flow of orders

through manufacturing? A) production activity control B) MRP C) master production scheduling D) sales and operations planning

Business

Which of the following guidelines do not apply to creating ecommerce sites?

A) Customers should feel confident that they are buying the correct amount. B) Instill a feeling of confidence in the company by displaying a privacy policy and security information. C) Allow the customer to change the order quantity or remove items from the shopping cart. D) Create a feedback screen that validates that mandatory fields have been correctly entered but will be flexible enough to allow customers to submit an order even if incorrect.

Business