Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 2006, $30,000; 2007, $0; 2008, $65,000; 2009, $30,000; 2010, $15,000 . The amount of dividends received by the common stockholders during 2009 was

a. $11,000.
b. $13,000.
c. $9,000.
d. $15,000.

C

Business

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A distinguishing feature of the product/service differentiation competitive advantage is _____

a. using inexpensive raw materials b. having a strong brand image c. having low overhead costs d. creating generic products

Business

Broker LaRue's newest salesperson, Shandra, lists a unit in a condominium building for sale. In this transaction Shandra

A) has a direct contractual relationship with the owners of the unit. B) acts on behalf of LaRue, her broker. C) acts on behalf of the condominium association. D) must personally find a buyer for the unit to obtain a share of the commission.

Business