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In order to appeal to a broader market, the corporation may also issue pre ferred stock. This class of stock does not ordinarily carry voting rights (although such rights are sometimes conferred by a special provision in the charter); however, as its name implies, this stock does take preference over common stock in several respects. 1. Prior claim against earning. The board of directors has the pow er to declare and distribute dividends to the stockholders. In such distri butions, the claims of preferred stock are honored before those of com mon stock. However, the amount of dividends paid to preferred stock is usually placed on the amount paid to common stock. From an account ing viewpoint, the priority in receiving dividends constitutes the most im portant bene t of preferred stock. 2. Prior claim to assets. If, upon liquidation of a corporation, the as sets that remain after payment of all creditors are not suf cient to return the full amount of the capital contribution of preferred and common stockholders, payment must rst be made to preferred stockholders. Any balance would then go to common stockholders. Preferred stock may also carry the following options: 1. Call privilege. The issuing company will have the right to redeem (call) the stock at a later date for a predetermined price. This call price would be in excess of the original issue price, such as 105 percent of par value. 2. Conversion privilege. The stockholders, at their option, may con vert preferred stock into common stock. This might be done if the corporation s common stock should become more desirable than the pre ferred stock because of large earnings.



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Triangles are classified according to the equality of the lengths of their sides or according to the kind of angles they have. Triangles According to the Equality of the Lengths of their Sides (Fig. 1-29) 1. Scalene triangle: A scalene triangle is a triangle having no congruent sides.

Thus in scalene triangle ABC, a b c. The small letter used for the length of each side agrees with the capital letter of the angle opposite it. Also, means is not equal to.

Fig. 1-29

Thus in isosceles triangle ABC, a c. These equal sides are called the legs of the isosceles triangle; the remaining side is the base, b. The angles on either side of the base are the base angles; the angle opposite the base is the vertex angle.

Thus in equilateral triangle ABC, a b c. Note that an equilateral triangle is also an isosceles triangle.





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Triangles According to the Kind of Angles (Fig. 1-30) 1. Right triangle: A right triangle is a triangle having a right angle.

Thus in right triangle ABC, /C is the right angle. Side c opposite the right angle is the hypotenuse. The perpendicular sides, a and b, are the legs or arms of the right triangle.

Two types of stock that a corporation can offer are common and preferred. All shares of common stock carry a voting right where preferred stock does not ordinarily carry voting rights. Although, preferred stock takes preference over common stock on claims against earnings or claims against assets.

Fig. 1-30

(a) sin A (b) tan A (c) cos A 60 0.6018 is the nearest-degree sine value, m A 37 . 0.6000. Since sin 37 100 10 0.4167. Since tan 23 0.4245 is the nearest-degree tangent value, m A 23 . 24 1500 0.8824. Since cos 28 0.8829 is the nearest-degree cosine value, m A 28 . 1700

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<ATTLIST genre category NOTATION #IMPLIED> The keyword NOTATION means that this attribute s value is a notation. A notation is a description of how information should be processed. You could set up a notation that allows only numbers to be used for the value, for example. The genre element has an attribute named category that will contain a notation name.

Trigonometric ratios of 30 and 60 Show that (a) tan 30 (b) sin 30 0.577 0.500 (c) cos 30 (d) tan 60 0.866 1.732 (e) sin 60 (f) cos 60 0.866 0.500

Fig. 8-4

The trigonometric ratios for 30 and 60 may be obtained by using a 30 -60 -90 triangle (Fig. 8-4); in such a triangle, the ratio of the sides is a:b:c 1: 23:2. Thus: (a) tan 30 (b) sin 30 (c) cos 30 1 23 1 0.500 2 23 2 1 # 23 23 23 23 3 0.577 (d) tan 60 (e) sin 60 (f) cos 60 23 1 23 2 1 2 1.732 0.866 0.500

Finding lengths of sides by trigonometric ratios In each triangle of Fig. 8-5, solve for x and y to the nearest integer.

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