ZuoTi.Pro
Question

1

Need this solved asap please. help me with the proper solutions.

Dividends Per Share Oceanic Company has 15,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $15 par

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

20Y1

Dividend to Preferred stock = 15000*150*1% = $22500

Dividend to Common stock = 45000 - 22500 = $22,500

20Y2

Dividend to Preferred stock = 15000*150*1% = $22500 restricted to $18000

Dividend to Common stock = $0

20Y3

Dividend to Preferred stock = 15000*150*1% = $22500 + 4500 = $27,000

Dividend to Common stock = 67500 - 27000 = $40,500

Preferred stock
(dividend per share)		 Common stock
(dividend per share)
20Y1 22500/15000 = $1.50 22500/50000 = $0.45
20Y2 18000/15000 = $1.20 0
20Y3 27000/15000 = $1.80 40500/50000 = $0.81
0 0
Add a comment
Know the answer?
Add Answer to:
1 Need this solved asap please. help me with the proper solutions. Dividends Per Share Oceanic...
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

  • 4 Need this solved asap please. help me with the proper solutions. Dividends per share Lightfoot...

    4 Need this solved asap please. help me with the proper solutions. Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 41,000 shares of cumulative preferred 1% stock, $125 par and 98,000 shares of $160 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $26,000; second year, $62,000; third year, $78,000; fourth year, $123,000. This information has been collected in the Microsoft Excel Online file. Open...

  • I need help with the empty fields please

    Dividends Per ShareSeacrest Company has 30,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:20Y1$67,50020Y218,00020Y3135,000Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.Preferred Stock(dividends per share)Common Stock(dividends per share)20Y1$fill in the blank 1$fill in the blank 220Y2$fill in the blank 3$fill in the blank 420Y3$fill in the blank...

  • Oceanic Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of...

    Oceanic Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: 20Y1 $15,000 20Y2 4,000 20Y3 30,000 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'.

  • DIVIDENDS PER SHARE

    Seacrest Company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:20Y1$75,00020Y225,00020Y3150,000Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.Preferred Stock(dividends per share)Common Stock(dividends per share)20Y1$fill in the blank 1$fill in the blank 220Y2$fill in the blank 3$fill in the blank 420Y3$fill in the blank 5$fill in the blank 6

  • 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...

  • Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $50 par and...

    Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Y1 $93,800 2012 15,000 112,500 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) 2011 x 20Y2 x 2093 x

  • Dividends Per Share Oceanic Company has 15,000 shares of cumulative preferred 3% stock, $100 par and...

    Dividends Per Share Oceanic Company has 15,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: Year 1 $67,500 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'. Preferred Stock (dividends per share) Common Stock (dividends per share) Year 1 $ $...

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

    Dividends Per Share Sandpiper Company has 25,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $25,000 20Y2 5,000 2013 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 'O'. Preferred Stock (dividends per share) Common Stock (dividends per share) 2011 0 A 20Y2 A 0 t...

  • dividends Per Share Windborn Company has 10,000 shares of cumulative preferred 2% stock, $100 par and...

    dividends Per Share Windborn Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Y1 $50,000 20Y2 16,000 20Y3 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'.

  • 3 Need this solved asap please. help me with the proper solutions. Earnings per share Financial...

    3 Need this solved asap please. help me with the proper solutions. Earnings per share Financial statement data for the years 2015 and 20Y6 for Black Bull Inc. follow: 20Y5 2016 Net income $1,366,000 $50,000 Preferred dividends $2,654,000 $50,000 120,000 shares Average number of common shares outstanding 70,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 2015 2016 Earnings per Share b. Is the change in the earnings per share from 2095...

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