Out of Africa,a Multi-National Corporation Had a Very Successful Year

question 25

Multiple Choice

Out of Africa,a multi-national corporation had a very successful year.The board of directors declared and paid a cash dividend of $50,000.The prior year,Out of Africa did not pay dividends on its 400 shares of cumulative,8%,$100 par,preferred stock.How much of the cash dividend was paid to the PREFERRED shareholders?

• A)$6,400
• B)$3,200
• C)$8,000
• D)$4,000

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Definitions:

Economic Influence

The impact that economic factors or policies have on the market, consumer behavior, and investment values.

Streamline Order

A process designed to simplify order management, reducing steps and time needed to process orders efficiently.

Horizontal Conflict

A type of conflict that occurs between entities at the same level in a distribution channel, such as between competing retailers or manufacturers.

Dual Distribution

A distribution strategy that uses two or more channels to reach different segments of the market with the same product.