all amounts in $ | par value per preferred share | dividend rate | dividend per preferred share | no.of preferred shares | preferred dividend |
annual preferred dividend | 5 | 7.00% | 0.35 | 80000 | 28000 |
total cash dividend paid | paid to preferred | paid to common | dividends in arrears at year end | ||
year 1 | 16500 | 16500 | 11500 (28000 - 16500) | ||
year 2 | 26000 | 26000 | 13500 (11500+2000) | ||
year 3 | 275000 | 41500 (28000+13500) | 233500 | ||
year 4 | 425000 | 28000 | 397000 | ||
totals | 742500 | 70500 | 630500 |
calculation of dividends -
year 1 arrears | amount ($) |
total dividend to pay | 28000 |
less:dividend paid | 16500 |
total dividend arrear at year end 1 | 11500 |
year 2 arrears | amount ($) |
total dividend to pay | 28000 |
less:dividend paid | 26000 |
dividend arrear at end year 2 | 2000 |
add:dividend arrear at end year 1 | 11500 |
total dividend arrear at year end 2 | 13500 |
preferred dividend paid for year end 3 | amount ($) |
total dividend to pay | 28000 |
add:total dividend arrear at year end 2 | 13500 |
total dividend paid for year 3 | 41500 |
York's outstanding stock consists of 80,000 shares of noncumulative 7.0% preferred stock with a $5 par...
York's outstanding stock consists of 80,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 140,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Year 1 total cash dividends $ 16,500 Year 2 total cash dividends 26,000 Year 3 total cash dividends 275,000 Year 4 total cash dividends 425,000
Required information [The following information applies to the questions displayed below.) York's outstanding stock consists of 80,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 140,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. $ Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 16,500 26,000...
York's outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 190,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. $ Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 18,000 28,000 300,000 450,000 Determine the amount of dividends paid each year to...
York's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300.000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $13,000 22,000 250,000 400,000 Determine the amount of dividends paid each year to each...
York's outstanding stock consists of 80,000 shares of cumulative 5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends 2015 $ 20,000 2016 28,000 2017 200,000 2018 350,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine...
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. 2016 total cash dividends $ 20,000 2018 total cash dividends $ 200,000 2017 total cash dividends 28,000 2019 total cash dividends 350,000 Exercise 11-9 Dividends on common and cumulative preferred stock LO C2...
York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. $ Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends 18,100 27,200 255,000 405,000 Determine the amount of dividends paid each year to...
York's outstanding stock consists of 70,000 shares of noncumulative 8.5% preferred stock with a $5 par value and also 290,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Year 1 total cash dividends $ 18,800 Year 2 total cash dividends 27,700 Year 3 total cash dividends 245,000 Year 4 total cash dividends 395,000 Exercise 11-10 Dividends on common and noncumulative preferred stock LO C2 Determine the amount of...
Le completion York's outstanding stock consists of 90,000 shares of noncumulative 6.5% preferred stock with a $5 par value and also 100,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 18,100 27,200 255,000 405,000 Use the data in Exercise 13-10 to...
York's outstanding stock consists of 70,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 180,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. Exercise 11-11 Dividends on common and cumulative preferred stock LO C2 Use the data in Exercise 11-10 to determine the amount of dividends paid each year to each of the two classes of stock assuming that...