I need assistance solving this proiblems
a.
Semi-annual dividend | $ 28,560 |
Semi-annual dividend = $ 60 x 13,600 x 7% x 1/2 = $ 28,560
b.
Cumulative dividend | $ 111,300 |
Cumulative dividend = 31,800 x $ 1.75 x 2 = $ 111,300
c.
Quarterly dividend | $ 70,200 |
Quarterly dividend = 31,200 x $ 90 x 10% x 1/4 = $ 70,200
I need assistance solving this proiblems Calculate the cash dividends required to be paid for each...
Calculate the cash dividends required to be paid for each of the following preferred stock issuances: (a.) The semiannual dividend on 11.5% cumulative preferred, $100 par value; 6,000 shares authorized, issued, and outstanding. (b.) The total dividends owed to preferred shareholders on $1.50 annual cumulative preferred, 100,000 shares authorized, 85,000 shares issued, and 81,350 shares outstanding. The company did not pay dividends during the prior two years or during the current year. (c.) The quarterly dividend on 9.6% cumulative preferred,...
Calculate the annual cash dividends required to be paid for each of the following preferred stock issues: Required: a. $3.90 cumulative preferred, no par value, 200,000 shares authorized, 134,000 shares issued. (The treasury stock caption of the stockholders' equity section of the balance sheet indicates that 40,618 shares of this preferred stock issue are owned by the company) (Round your answer to 2 decimal places.) b. 6%, $40 par value preferred, 203,000 shares authorized, 159,000 shares issued, and 73,065 shares...
In 20X3, Snowboard Ltd. had the following share capital outstanding: Preferred shares, no-par value; $1.90 dividend: authorized, unlimited shares; issued, 100,000 shares Common shares, no-par value; authorized, unlimited shares; issued, 760,000 shares $1,400,000 1,064,000 No dividends were declared in 20X1 or 20x2, but $1,990,000 of dividends were declared in 20X3. Required: Calculate the amount of dividends that would be paid in 20x3 to each share class under the following separate cases: Case A Preferred shares are cumulative and non-participating. Total...
26 HWIT#26: CASH DIVIDENDS PREFERRED STOCK and COMMON STOCK: Listed below we ens found in the stockholders' equity section of the Garland's Corporation Balance Sheet. The Grand Corporation declared cash dividends of $500.000 on September I payable to stockholders of record on December 1, 2018 8% Preferred stock. $100 par value. cumulative, 50,000 shares authorized 25,00 shares issued and outstanding Common stock, S10 stated value, 400,000 shares authorized, 100,000 issued and outstanding Instructions: Assume each is an independent transaction. a....
20. Calculate ending retained earnings as of 12/31/17 from the below info from 2017: Net income $185,000 Retained earnings 12/31/16 $1,585,000 Cash dividends paid $120,000 Stock dividends issued $150,000 21. Ellie Inc. has 6% cumulative preferred stock, $10 par value, 20,000 shares authorized, 12,000 shares issued, and 10,000 shares outstanding. Calculate the following: (a). Annual dividend payment. (b). Semi-annual dividend payment. (c). Quarterly dividend payment. (d). Total dividend payment this year if no dividends were paid for the last 2...
In 20X3, Snowboard Ltd. had the following share capital outstanding: Preferred shares, no-par value; $1.70 dividend: authorized, unlimited shares; issued, 100,000 shares $ 800,000 Common shares, no-par value; authorized, unlimited shares; issued, 680,000 shares 952,000 No dividends were declared in 20X1 or 20X2, but $1,850,000 of dividends were declared in 20X3. Required: Calculate the amount of dividends that would be paid in 20x3 to each share class under the following separate cases: Case A Preferred shares are cumulative and non-participating....
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Dividends Paid and Dividends in Arrears The Glendora Company has 200,000 shares of cumulative, five percent, $100 par value preferred stock outstanding. Last year the company failed to pay its regular dividend, but the board of directors would like to resume paying its regular dividend this year. Calculate the dividends in arrears and the total dividend that must be paid this year. Dividend in arrears $ Total dividend $
Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its preferred and common stock: Preferred stock, $30 par, 12% cumulative; 300,000 shares authorized; 150,000 shares issued and outstanding Common stock, $2 par; 2,500,000 shares authorized; 1,200,000 shares issued; 1,000,000 outstanding As of December 31, 2019, Lemon was 3 years in arrears on its dividends. During 2020, Lemon declared and paid dividends. As a result, the common stockholders received dividends of $0.45 per share. Required: 1....
Font Paragraph Styles 2) Calculate the dividends paid to each class of stock in each of those years assuming the preferred stock is CUMULATIVE. Use the matrix format listed below. Be sure to show your supporting calculations and label them to indicate which numbers in the matrix they are supporting. Total dividend declared Preferred dividends paid this year Preferred dividends carried forward to next year Common dividends paid this year Year $10.000 1 2 3 $36,000 $60,000 PART 2 -...