ZuoTi.Pro
Question

Dividends per share Seacrest Company has 30,000 shares of cumulative preferred 1% stock, $100 par and...

Dividends per share

Seacrest Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $5 par common stock. the following amounts were distributed as dividends:
year 1: $60,000
year 2: 15,000
year 3: 90,000

determine the dividends per share for preferred and common stock for each year. round all answers to two decimal place. if answer is 0, enter 0.
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Year 1:

Dividend to preferred shareholders = 30000*100*1% = $30000

Dividend to common shareholders = $60000-30000 = $30000

Dividend per share to preferred share = 30000/30000 = $1 per share

Dividend per share to common share = 30000/50000 = $0.60 per share

Year 2 :

Dividend per share for preferred share = 15000/30000 = $0.50 per share

Dividend per share for Common share = $0 per share

Year 3:

Dividend to preferred shareholders = 30000 + 30000-15000 = $45000

Dividend to common stockholders = 90000-45000 = $45000

Dividend per share to preferred shareholders = 45000/30000 = $1.50 per share

Dividend per share to common share = 45000/50000 = $0.90 per share

0 0
Add a comment
Know the answer?
Add Answer to:
Dividends per share Seacrest Company has 30,000 shares of cumulative preferred 1% stock, $100 par and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Dividends Per Share Seacrest Company has 30,000 shares of cumulative preferred 1% stock, $50 par and...

    Dividends Per Share Seacrest Company has 30,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $37,500 20Y2 12,000 45,000 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 х X 20Y2 X х 2013...

  • Seacrest Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of...

    Seacrest Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $90,000 Year 2 36,000 Year 3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Common stock (Dividends...

  • Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 1% stock, $50 par and...

    Dividends Per Share Seacrest Company has 25,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: Year 1 $25,000 Year 2 5,000 Year 3 37,500 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $...

  • Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $100 par and...

    Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $60,000 Year 2 24,000 Year 3 90,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $...

  • Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 2% stock, $150 par and...

    Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 48,000 Year 3 180,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $...

  • Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of...

    Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $90,000 Year 2 22,500 Year 3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Co mmon stock...

  • Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $100 par and...

    Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $45,000 Year 2 24,000 Year 3 90,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock (dividends per share) Common Stock (dividends per share) Year 1 $ $...

  • Dividends Per Share Oceanic Company has 30,000 shares of cumulative preferred 3% stock, $100 par and...

    Dividends Per Share Oceanic Company has 30,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: Year 1 $225,000 Year 2 45,000 Year 3 270,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ Common stock...

  • Sandpiper Company has 30,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of...

    Sandpiper Company has 30,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: Year 1 $60,000 Year 2 15,000 Year 3 90,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock (dividend per share) Common Stock (dividend per share) Year 1 $ $ Year 2 $...

  • Dividends Per Share Sandpiper Company has 20,000 shares of cumulative preferred 1% stock, $100 par and...

    Dividends Per Share Sandpiper Company has 20,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $40,000 Year 2 10,000 Year 3 60,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT