From Its Inception to the Year of 2014, Quicksales Company

question 115

Multiple Choice

From its inception to the year of 2014, Quicksales Company was profitable and made strong dividend payments each year. In the year 2015, Quicksales had major losses and paid no dividends. In 2016, the company started making large profits again, and they were able to pay dividends to all shareholders-both ordinary and preference. There are 1 500 shares of cumulative preference shares outstanding, paying an annual dividend of $7 each. What is the total amount of dividends which should be paid to the preference shareholders in December 2016?

• A)$21 000
• B)$10 500
• C)$210
• D)$22 000

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Definitions:

Respiratory Movements

The actions of the respiratory system involved in the inhalation and exhalation of air, facilitating gas exchange between the atmosphere and the body's cells.

Valves

Structures that exist within various types of vessels, including veins and the heart, which maintain the direction of blood flow by opening and closing depending on the pressure gradient.

Systemic Circuit

The part of the cardiovascular system that carries oxygenated blood away from the heart to the body, and returns deoxygenated blood back to the heart.

Artificial Red Blood Cells

Lab-created substitutes for natural red blood cells designed to mimic their oxygen-carrying function.