Nathan's athletic apparel has 1,300 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2020. all remaining shares are common stock. the company was not able to pay dividends in 2020, but plans to pay dividends of $14,000 in 2021. required: 1. & 2. how much of the $14,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021, assuming the preferred stock is cumulative? what if the preferred stock were noncumulative?

Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. one of wound up's competitors, however, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. wound up's competitive advantage is in danger due to a. a lack of perceived value b. a lack of organization c. direct imitation and substitution d. resource immobility