Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of...
Sabas Company has 20,000 shares of $100 par, 2% cumulative
preferred stock and 100,000 shares of $50 par common stock. The
following amounts were distributed as dividends:
| Year 1 | $10,000 |
| Year 2 | 45,000 |
| Year 3 | 90,000 |
Determine the dividends per share for preferred and common stock
for the first year.
a.$0.50 and $0.10
b.$2.00 and $0
c.$0.50 and $0
d.$0 and $0.10
A corporation has 49,347 shares of $38 par stock outstanding that has a current market value of $350 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
a.$312.00
b.$87.50
c.$9.50
d.$1,400.00
Homework Answers
Annual Preferred Dividend = 20,000*2%*100 = 40,000
Dividend Paid
to Preferred Stock =$10,000
to Preferred Stock = 0
Dividend Per share
Preferred = 10,000 /20,000 = $0.50
Common Stock = 0
Answer = C) $0.50and $0
Stock Split 4 to 1
Market Valur after STock Split = Current Market Price / Shares = 350, /4 = $87.50
Answer = B) $87.50
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Sabas Company has 20,000 shares of $100 par, 2% cumulative
preferred stock and 100,000 shares of...
Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of...
Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 por common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 90,000 Determine the dividends per share for preferred and common stock for the first year a $2.00 and $0.00 b. $0.50 and $0.00 c. $0.50 and $0.10 d. $0.00 and $0.10
Calculator Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares...
Calculator Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: Year 2: Year 3: $10,000 45,000 90,000 Determine the dividends per share for preferred and common stock for the first year O$0.00 and $0.10 O$0.50 and $0.00 O $0.50 and $0.10 O$2.00 and $0.00 Previous Next Check My Work more Check my work uses remaining 10 AM A 400 1126/2019...
Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of...
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $10,000 Year 2 45,000 Year 3 90,000 Determine the dividends in arrears for preferred stock for the second year. a.$10,000 b.$30,000 c.$0 d.$25,000
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following accounts were distributed as dividends: Year 1 $10,000 Year 2 45,000 Year 3 90,000 Determine the dividends in arrears for preferred stock at the end of second year. a. $30,000 b. $10,000 c. $25,000 d. $0 please give the steps too.
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