Homework Answers
Ans. : As per the question, preferred shares are cumulative which means dividend is to be paid for last two years also with current year.
Current year dividend = 10,000* 6= dollar 60,000
For previous two years = 60,000*2= dollar 1,20,000
Preferred shareholders will receive dividend = 60,000+1,20,000
= dollar 1,80,000
Therefore, correct answer is D that is dollar 1,80,000.
Add Answer to:
26. Sun Corporation has the following shares outstanding: 10,000, $6, no par value, cumulative Preferred shares...
Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares...
Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2013. If the board of directors declares a $60,000 dividend, the $60,000 will be held as restricted retained earnings and paid out at some future date. B preferred shareholders will receive the entire $60,000. preferred shareholders will receive $30,000 and the common shareholders will receive $30,000. preferred shareholders will receive $7,000.
A corporation has 15,000 shares of 10%, $50 par cumulative preferred stock outstanding and 25,000 shares...
A corporation has 15,000 shares of 10%, $50 par cumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. Dividends of $37,500 are in arrears. At the end of the current year, the corporation declares a dividend of $120,000. The amount of preferred stock paid in the current year is ?
Diazlo Corporation has 10,000 shares of 6%, $5 par cumulative preferred stock and 47,000 shares of...
Diazlo Corporation has 10,000 shares of 6%, $5 par cumulative preferred stock and 47,000 shares of common stock outstanding. Diazlo declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Diazlo declares a total dividend of $47,000. How much of the dividends go to the common stockholders? O A. $44,000 OB. $41,000 O c. $47,000 O D. None; it all goes to preferred stockholders.
26. The ZZ Corporation had the following shares of stock outstanding at December 31, 2019: Common...
26. The ZZ Corporation had the following shares of stock outstanding at December 31, 2019: Common Stock, $50 par value, 40,000 shares outstanding; and Preferred Stock, 6 percent, $100 par value, cumulative,10,000 shares outstanding. Dividends for 2017 and 2018 were in arrears. On December 31, 2019, ZZ declared total cash dividends of $250,000. The total amounts payable to preferred stockholders and common stockholders, respectively, are: $60,000/$190,000 $120,000/$130,000 $125,000/$125,000 $180,000/$70,000
A corporation has 15.000 shares of 16%, 550.00 par cumulative preferred stock outstanding and 36,000 shares
A corporation has 15.000 shares of 16%, 550.00 par cumulative preferred stock outstanding and 36,000 shares of no- par common stock outstanding Preferred dividends of $16,000 are in arrears. At the end of the current year, the corporation declares a dividend of $240,000. How is the dividend allocated between preferred and common stockholders? A. The dividend is allocated $136,000 to preferred stockholders and 5104,000 to common stockholders. B. The dividend is allocated $104,000 to preferred stockholders and 5136,000 to common stockholders. C. The...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value...
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value of $100 / share and a 5% dividend rate. a) If SSC declares a preferred stock cash dividend, how much cash will each share receive? b) If SSC has only $10,000 available for dividends, how much money will be paid to preferred shareholders, and how much will be paid to common shareholders? c) If SSC has $700,000 available to pay shareholder dividends, how much...
Maker-Bot Corporation has 10,000 shares of 7%, $100 par value, cumulative preferred stock outstanding since its...
Maker-Bot Corporation has 10,000 shares of 7%, $100 par value, cumulative preferred stock outstanding since its inception. No dividends were declared in the first two years. If the company pays $350,000 of dividends in the third year, how much will common stockholders receive? $215,000 $0 $135,000 $295,000 $140,000
On December 31, 2018, Adelphi Corporation has outstanding 500 shares of $100 par value, 6% cumulative preferred stock, and 10,000 shares of $10 par value common stock. Preferred dividends were paid in...
On December 31, 2018, Adelphi Corporation has outstanding 500 shares of $100 par value, 6% cumulative preferred stock, and 10,000 shares of $10 par value common stock. Preferred dividends were paid in 2016 but were not paid in 2017. During 2018, Alpha distributed $25,000 in dividends. Use this information to determine for 2018 the dollar amount of dividends that will be distributed per Common Share. Round answer to closest cent.
20. Mack Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock and 10,000...
20. Mack Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock and 10,000 shares of $10 par value common stock outstanding During the first four years of operation, Mack Corporation issued dividends in the amount of 2007 $10,000 2008 0 2009 $65,000 2010 $30,000 The amount of dividends the common shareholders received in 2009 was: a. $ 44,000 b. $21,000 c. $12,000 d. $53,000
Win, Inc, has 10,000 shares of 7%, $10 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2013. If the board of directors declares a $60,000 dividend, the $60,000 will be held as restricted retained earnings and paid out at some future date. B preferred shareholders will receive the entire $60,000. preferred shareholders will receive $30,000 and the common shareholders will receive $30,000. preferred shareholders will receive $7,000.
Diazlo Corporation has 10,000 shares of 6%, $5 par cumulative preferred stock and 47,000 shares of common stock outstanding. Diazlo declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Diazlo declares a total dividend of $47,000. How much of the dividends go to the common stockholders? O A. $44,000 OB. $41,000 O c. $47,000 O D. None; it all goes to preferred stockholders.
A corporation has 15.000 shares of 16%, 550.00 par cumulative preferred stock outstanding and 36,000 shares of no- par common stock outstanding Preferred dividends of $16,000 are in arrears. At the end of the current year, the corporation declares a dividend of $240,000. How is the dividend allocated between preferred and common stockholders? A. The dividend is allocated $136,000 to preferred stockholders and 5104,000 to common stockholders. B. The dividend is allocated $104,000 to preferred stockholders and 5136,000 to common stockholders. C. The...
Oriole Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Oriole declares a cash dividend of $281,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would received How much dividend will the common stockholders receive? Common stockholders would received (b)...
2) SSC has issued 100,000 shares of preferred shares. The preferred shares have a par value of $100 / share and a 5% dividend rate. a) If SSC declares a preferred stock cash dividend, how much cash will each share receive? b) If SSC has only $10,000 available for dividends, how much money will be paid to preferred shareholders, and how much will be paid to common shareholders? c) If SSC has $700,000 available to pay shareholder dividends, how much...
Maker-Bot Corporation has 10,000 shares of 7%, $100 par value, cumulative preferred stock outstanding since its inception. No dividends were declared in the first two years. If the company pays $350,000 of dividends in the third year, how much will common stockholders receive? $215,000 $0 $135,000 $295,000 $140,000
20. Mack Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock and 10,000 shares of $10 par value common stock outstanding During the first four years of operation, Mack Corporation issued dividends in the amount of 2007 $10,000 2008 0 2009 $65,000 2010 $30,000 The amount of dividends the common shareholders received in 2009 was: a. $ 44,000 b. $21,000 c. $12,000 d. $53,000
Most questions answered within 3 hours.
-
Let X be a continuous random variable whose PDF is Let X be a
continuous random...
asked 13 minutes ago -
Martinez Company’s relevant range of production is 7,500 units
to 12,500 units. When it produces and...
asked 11 minutes ago -
A football with a mass of 1.2 kg is kicked from ground level to
a height...
asked 17 minutes ago -
Remember: Changes in supply determinants shift supply, and
changes in demand determinants shift demand. We say...
asked 15 minutes ago -
Why is the answer b), for this question? I came up with C) for
my incorrect...
asked 21 minutes ago -
Suppose that you know that in the population of full-time
employees in the United States, the...
asked 43 minutes ago -
This experiment was designed originally to sample various meat and carcass quality
aspects of Ontario pigs...
asked 44 minutes ago -
Dopamine Hydrochloride: draw the structure And Show the
functional groups in different colors and label the...
asked 36 minutes ago -
A rope supports a 10 kg dumbbell hanging from it. What is the
tension in the...
asked 35 minutes ago -
) Raw materials are studied for contamination. Suppose that
the number of particles of contamination per...
asked 58 minutes ago -
After running a regression analysis we calculated an F test and
the significance level was 0.15....
asked 54 minutes ago -
----Can someone please help me solve this one using JAVA
----I thank you in advance
Create...
asked 58 minutes ago