Homework Answers
rate positively ..
| annual dividend for preferred stock = | =100*1100*12% | |||||
| 13200 | ||||||
| Year | Dividend | |||||
| 2016 | 13200 | |||||
| 2017 | 13200 | |||||
| 2018 | 13200 | |||||
| 2019 | 13200 | |||||
| Total | 52800 | |||||
| Therefore total dividend of $52800 will be paid to preferred stock holder | ||||||
| Ans is option A) | 52800 |
Add Answer to:
Electric, Inc. was incorporated on January 1, 2016. Electric issued 9,000 shares of common stock and...
State Street Beverage Company issues $812,000 of 8%, 10-year bonds on March 31, 2017. The bonds...
State Street Beverage Company issues $812,000 of 8%, 10-year bonds on March 31, 2017. The bonds pay interest on March 31 and September 30. Which of the following statements is true? O A. If the market rate of interest is 9%, the bonds will issue at a premium. OB. If the market rate of interest is 9%, the bonds will issue at par. OC. If the market rate of interest is 9%, the bonds will issue above par. OD. If...
Quesuon Heip Orleans, Inc. was incorporated on January 1, 2014. Orleans issued 10,000 shares of common...
Quesuon Heip Orleans, Inc. was incorporated on January 1, 2014. Orleans issued 10,000 shares of common stock and 900 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 14% dividend rate. Orleans has not paid any dividends yet.. In 2017, Orleans had its first profita ble year, and on November 1, 2017, Orleans declared a total dividend of $56,000. What is the total amount that will be paid to preferred shareholders? O A....
Soru 4 Please write dollar amounts without any comma, point, or $ Orleans Company was incorporated...
Soru 4 Please write dollar amounts without any comma, point, or $ Orleans Company was incorporated on January 1, 2012. Orleans issued 4,000 shares of common stock and 500 shares of preferred stock on that date. The preferred shares are cumulative $100 par, with an 84 dividend rate. Orleans has not paid any dividends yet. In 2015, Orleans had its first profitable year, and on November 1, 2015, Orleans declared a total dividend of $28.000 The total amount that will...
Homestead Oil Corp. was incorporated on January 1, 2019, and issued the following stock for cash:...
Homestead Oil Corp. was incorporated on January 1, 2019, and issued the following stock for cash: • 750,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2019, at $19.00 per share. • 260,000 shares of $110 par value, 8.50% cumulative, preferred stock were authorized; 75,000 shares were issued on January 1, 2019, at $130 per share. • Net income for the years ended December 31, 2019 and 2020 was $1,290,000 and $2,520,000, respectively. •...
Weaver Corporation had the following stock issued and outstanding at January 1, 2018: 1.65,000 shares of...
Weaver Corporation had the following stock issued and outstanding at January 1, 2018: 1.65,000 shares of $12 par common stock. 2. 9.000 shares of $70 par, 5 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 9,000 shares of preferred stock and a $3 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20. Required: Determine the total amount of...
Homestead Oil Corp. was incorporated on January 1, 2016, and issued the following stock for cash:...
Homestead Oil Corp. was incorporated on January 1, 2016, and issued the following stock for cash: 790,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2016, at $18.00 per share. 240,000 shares of $90 par value, 8.50% cumulative, preferred stock were authorized, and 63,000 shares were issued on January 1, 2016, at $150 per share. Net income for the years ended December 31, 2016 and 2017, was $1,450,000 and $2,650,000, respectively. No dividends were...
Homestead Oil Corp. was incorporated on January 1, 2016, and issued the following stock for cash:...
Homestead Oil Corp. was incorporated on January 1, 2016, and issued the following stock for cash: 760,000 shares of no-par common stock were authorized; 140,000 shares were issued on January 1, 2016, at $18.00 per share. 250,000 shares of $110 par value, 7.50% cumulative, preferred stock were authorized, and 61,000 shares were issued on January 1, 2016, at $150 per share. Net income for the years ended December 31, 2016 and 2017, was $1,490,000 and $2,570,000, respectively. No dividends were...
Outstanding stock of the Kingbird Corporation included 49000 shares of $5 par common stock and 17500...
Outstanding stock of the Kingbird Corporation included 49000 shares of $5 par common stock and 17500 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Kingbird declared and paid dividends of $4900. In 2020, Kingbird declared and paid dividends of $24500. How much of the 2020 dividend was distributed to preferred shareholders? A.$13650. B.$26250. C.$8750. D.None of these answer choices are correct.
Weaver Corporation had the following stock issued and outstanding at January 1, 2018 1. 56,000 shares...
Weaver Corporation had the following stock issued and outstanding at January 1, 2018 1. 56,000 shares of $12 par common stock 2. 6,000 shares of $100 par, 8 percent, noncumulative preferred stock On June 10, Weaver Corporation declared the annual cash dividend on its 6,000 shares of preferred stock and a $4 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20 Required: Determine the total amount...
Sweet Company’s outstanding stock consists of 1,100 shares of cumulative 6% preferred stock with a $100...
Sweet Company’s outstanding stock consists of 1,100 shares of cumulative 6% preferred stock with a $100 par value and 10,100 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividend Declared year 1 $ 2,100 year 2 $ 6,100 year 3 $ 32,500 The amount of dividends paid to preferred and common shareholders in year 3 is:
State Street Beverage Company issues $812,000 of 8%, 10-year bonds on March 31, 2017. The bonds pay interest on March 31 and September 30. Which of the following statements is true? O A. If the market rate of interest is 9%, the bonds will issue at a premium. OB. If the market rate of interest is 9%, the bonds will issue at par. OC. If the market rate of interest is 9%, the bonds will issue above par. OD. If...
Quesuon Heip Orleans, Inc. was incorporated on January 1, 2014. Orleans issued 10,000 shares of common stock and 900 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 14% dividend rate. Orleans has not paid any dividends yet.. In 2017, Orleans had its first profita ble year, and on November 1, 2017, Orleans declared a total dividend of $56,000. What is the total amount that will be paid to preferred shareholders? O A....
Soru 4 Please write dollar amounts without any comma, point, or $ Orleans Company was incorporated on January 1, 2012. Orleans issued 4,000 shares of common stock and 500 shares of preferred stock on that date. The preferred shares are cumulative $100 par, with an 84 dividend rate. Orleans has not paid any dividends yet. In 2015, Orleans had its first profitable year, and on November 1, 2015, Orleans declared a total dividend of $28.000 The total amount that will...
Homestead Oil Corp. was incorporated on January 1, 2019, and issued the following stock for cash: • 750,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2019, at $19.00 per share. • 260,000 shares of $110 par value, 8.50% cumulative, preferred stock were authorized; 75,000 shares were issued on January 1, 2019, at $130 per share. • Net income for the years ended December 31, 2019 and 2020 was $1,290,000 and $2,520,000, respectively. •...
Weaver Corporation had the following stock issued and outstanding at January 1, 2018: 1.65,000 shares of $12 par common stock. 2. 9.000 shares of $70 par, 5 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 9,000 shares of preferred stock and a $3 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20. Required: Determine the total amount of...
Weaver Corporation had the following stock issued and outstanding at January 1, 2018 1. 56,000 shares of $12 par common stock 2. 6,000 shares of $100 par, 8 percent, noncumulative preferred stock On June 10, Weaver Corporation declared the annual cash dividend on its 6,000 shares of preferred stock and a $4 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20 Required: Determine the total amount...
Most questions answered within 3 hours.
-
An aqueous solution of barium hydroxide is
standardized by titration with a 0.196 M solution
of...
asked 37 minutes ago -
accorsing to the data from thw college board, the mean wuantitive
Sat score for s demale...
asked 1 hour ago -
1- What are 5 general characteristics of Botticelli’s
paintings?
2- Describe 5 important traits of Flemish...
asked 3 hours ago -
A golfer claims that his average golf score at the course he
plays regularly is less...
asked 3 hours ago -
On May 1, First Bank perfected a security interest in Debtor’s
inventory. On June 1, Bob...
asked 4 hours ago -
A new kind of typhoid shot is being developed by a medical
research team. The old...
asked 5 hours ago -
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 7 hours ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 8 hours ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 11 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 11 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 11 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 11 hours ago