Peter owns 100 shares of a company. He receives a fixed rate of dividend from these shares. Which type of share has Peter purchased? A. equity shares
B. preference shares
C. ordinary shares
D. priority shares
E. investment security

B. preference shares

Explanation:

Preference shares are issued by corporate to raise additional capital. They are considered hybrid securities because they combine elements of debts and equity. Preference shareholders have a priority claim in dividends over ordinary shares. They enjoy fixed dividends payments but have no voting rights.

a loan? that’s my guess, anywho.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o