Occidental Produce Company Has 40,000 Shares of Common Stock Outstanding

question 153

Multiple Choice

Occidental Produce Company has 40,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.01 par value; the preferred stock is 4% non-cumulative, with $100 par value. On October 15, 2014, the company declares a total dividend payment of $40,000.
-How much dividend will be paid to the preferred shareholders?

• A) $40,000
• B) $2,000
• C) $8,000
• D) $4,500

Recognize the major causes of small-business failure.

Grasp the importance of managerial skills and financial management in small-business survival.

Understand the role and support mechanisms provided by the Small Business Administration.

Appreciate the flexibility and adaptability of small businesses to changing market conditions.

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Definitions:

Sexual Development

the process by which individuals attain physical, psychological, and emotional maturation in relation to sexuality.

Sexual Relationships

Interpersonal relationships that involve physical or emotional intimacy and activities of a sexual nature.

Sexual History

A detailed description of an individual's sexual behavior, practices, and concerns, often gathered as part of a medical or psychological assessment.

Urinary Tract Infection

An infection in any part of the urinary system, including kidneys, ureters, bladder, and urethra, often caused by bacteria.