Jacquet Wholesale Merchandise Inc. had 40,000 shares of 6%, CHF20 par value preference shares and 30,000 shares of CHF25 Par value ordinary shares outstanding throughout 2014. Assuming that total dividends declared in 2014 were $70,000 and that preference shares are not cumulative, ordinary shareholders should receive total 2014 dividends of

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The Answer of Jacquet Wholesale Merchandise Inc. had 40,000 shares of 6%, CHF20 par value preference shares and 30,000 shares of CHF25 Par value ordinary shares outstanding throughout 2014. Assuming that total dividends declared in 2014 were $70,000 and that preference shares are not cumulative, ordinary shareholders should receive total 2014 dividends of