Jim corporation pays its cumulative preferred stockholders $1.50 per share. jim has 30,000 shares of preferred and 70,000 shares of common. in 2015, 2016, and 2017, due to slowdowns in the economy, jim paid no dividends. now in 2018, the board of directors decided to pay out $440,000 in dividends. how much of the $440,000 does each class of stock receive as dividends?
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the statement is false.
an ethical decision is much more concerned with doing what is ethically correct, regardless of the number of people involved. it may involve considering how other people will benefit from the decision, but above all else, doing something that is ethically correct usually refers to doing what is right – based on the principles that applies in the society, group, or individual.
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