The Shareholders' Equity of Nick Co

question 137

Essay

The shareholders' equity of Nick Co. includes the items shown below. The board of directors of Nick declared cash dividends of $4 million, $8 million, and $50 million in each of its first 3 years of operation: 2016, 2017, and 2018, respectively.
Common stock, $1 par, 50,000,000 shares outstanding
Preferred stock, 6%, $100 par, 1,000,000 shares outstanding
Required:
Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is noncumulative and nonparticipating.

Grasp the effectiveness of different communication mediums for delivering sensitive news.

Understand the significance of offering apologies and explanations in business communications.

Learn to view challenges as opportunities for organizational improvement.

Understand the role of a buffer in preparing the recipient for bad news.

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Definitions:

Non-stimulants

Medications used to treat attention deficit hyperactivity disorder (ADHD) that do not have the stimulating effects common with stimulant drugs.

Monoamine Oxidase Inhibitors (MAOIs)

A class of antidepressant drugs that work by inhibiting the action of enzyme monoamine oxidase, thus increasing levels of certain neurotransmitters in the brain.

Direct

Explicit or straightforward in communication or method, without ambiguity or diversion.

Comfort

A state of physical and emotional ease and freedom from pain or constraint.