A Company Has Issued 10 000 Non- Cumulative Preference Shares

question 7

Multiple Choice

A company has issued 10 000 non- cumulative preference shares for $50 each, paying 10% annual dividends. It has also issued 20 000 ordinary shares. At the end of the current year, the company declares a dividend of $120 000. What is the dividend per share for preference shares and for ordinary shares?

• A)The dividend per share is $50.00 to preference shares and $1.00 to ordinary shares.
• B)The dividend per share is $1.00 to preference shares and $6.75 to ordinary shares.
• C)The dividend per share is $5.00 to preference shares and $3.50 to ordinary shares.
• D)The dividend per share is $6.67 to preference shares and $1.50 to ordinary shares.

Recognize the role of indifference curves and budget constraints in determining consumer choices.

Identify how the change in price of a good influences demand.

Understand the concept and historical evolution of introspection.

Comprehend the nature of conscious experiences and their ineffability.

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Definitions:

Friction

The resistance that one surface or object encounters when moving over another.

Draw Sheet

A small bed sheet placed crosswise over the middle of the bottom sheet of a mattress to cover the area between the upper thighs and shoulders of a patient.

Transfer Board

A piece of equipment used to aid individuals in moving from one surface to another, such as from a wheelchair to a bed, reducing the risk of falls and injuries.

Assistive Personnel

Workers who provide care and support services to patients in healthcare settings, often under the supervision of professional staff.