Rachel’s designs has 1,100 shares of 5%, $50 par value cumulative preferred stock issued at the beginning of 2016. all remaining shares are common stock. due to cash flow difficulties, the company was not able to pay dividends in 2016 or 2017. the company plans to pay total dividends of $10,000 in 2018. how much of the $10,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders?

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.