Cumulative Preference Stockholders Receive

question 128

Short Answer

Cumulative Preference stockholders receive $.90 per share. There are 40,000 shares. For the last four years no dividends have been paid. This year $170,000 is paid out in dividends. How much in dividends to Preferred Stockholders are still in arrears?

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Definitions:

Local Tastes

Preferences and inclinations specific to people in a certain geographical area, often influencing the products and services offered in that region.

Fast Food Organization

An organizational structure optimized for speed and efficiency, often utilized by businesses in the fast food industry to quickly serve customers.

Product Structure

The organization of a company’s product lines or portfolio, detailing how products are interrelated or grouped.

Functional Structure

an organizational configuration that groups together employees based on their specific functions or roles within the company.