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Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 10,000 shares of cumulative 4%, preferred stock of $150 par, and 33,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $40,200; second year, $55,800; third year, $100,170; fourth year, $104,880.
Calculate the dividends per share on each class of stock for each of the four years. Round all answers to nearest whole cent. If no dividends are paid in a given year, enter "0".
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Suppose that R&B Beverage Company has a soft drink product that shows a constant annual demand rate of 3600 cases. A case of the soft drink costs R&B $3. Ordering costs are $20 per order and holding costs are 25% of the value of the inventory. R&B..
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