The XYZ Corporation has 50 shares of common stock and 50 shares of noncumulative, participating preferred stock outstanding. The stated annual dividend of the preferred stock is $10 per share. XYZ had no profit and paid no dividend in year one. If XYZ has a profit of $800 in year two and the board of directors declares a total dividend of $800, how will the dividend be allocated between the preferred and common stockholders?

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?