Piggly Wiggly has 5,000 shares of 7%, $25 par value, cumulative preferred stock and 150,000 shares...
Piggly Wiggly has 5,000 shares of 7%, $25 par value, cumulative preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2019 and December 31, 2020. In 2019, a $4,000 dividend was declared and paid. In 2020, $33,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2020 (assuming no dividends in arrears prior to 2019)?
|
$33,000 |
||
|
$8,750 |
||
|
$13,500 |
||
|
$17,500 |
Homework Answers
(a)Yearly Preferred dividends = number of shares * par value per share * rate*Years
= 5000*25*7%*2= $17500
(b) dividend declared and paid = $4000
Total preferred dividend to be issued (a-b)= $17500 +$4000 = $13500
Add Answer to:
Piggly Wiggly has 5,000 shares of 7%, $25 par value, cumulative
preferred stock and 150,000 shares...
Luther Inc., has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 100,000 shares...
Luther Inc., has 4,000 shares of 5%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. The board of directors declared and paid an $8,000 dividend in 2019. In 2020, $40,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2020? Select one: a $30,000 b. $28,000 c. None of the choices given d. $20,000 e. $40,000
Ayayai Corp. has 6100 shares of 6%, $50 par value, cumulative preferred stock and 122000 shares...
Ayayai Corp. has 6100 shares of 6%, $50 par value, cumulative preferred stock and 122000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. The board of directors declared and paid a $14500 dividend in 2019. In 2020, $72500 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2020? $22100. $36600. $18300. $51100.
Bramble Corp. has 11000 shares of 5%, $100 par value, non-cumulative preferred stock and 44000 shares...
Bramble Corp. has 11000 shares of 5%, $100 par value, non-cumulative preferred stock and 44000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $132000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020? $55000. $132000. $0. $77000.
Larkspur Corp. had $100,000 of 7%, $20 par value preferred stock and 12,000 shares of $25...
Larkspur Corp. had $100,000 of 7%, $20 par value preferred stock
and 12,000 shares of $25 par value common stock outstanding
throughout 2017.
Assuming that total dividends declared in 2017 were $64,000,
and that the preferred stock is not cumulative but is fully
participating, common stockholders should receive 2017 dividends of
what amount?
Common stockholders should receive
$
Assuming that total dividends declared in 2017 were $64,000,
and that the preferred stock is fully participating and cumulative
with preferred dividends...
Rachel's Designs has 1,600 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All...
Rachel's Designs has 1,600 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $18,000 in 2021. How much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? Preferred dividends in arrears for 2019...
Rachel's Designs has 1,000 shares of 6%, $50 par value cumulative preferred stock issued at the...
Rachel's Designs has 1,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $10,000 in 2021. How much of the $10,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders Preferred dividends in arrears for 2019...
Rachel's Designs has 1,600 shares of 6%, $50 par value cumulative preferred stock issued at the...
Rachel's Designs has 1,600 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $16,000 in 2021. How much of the $16,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? Preferred dividends in arrears for 2019...
Bridgeport Corporation has 10,600 shares of $100 par value, 9%, preferred stock and 50,100 shares of...
Bridgeport Corporation has 10,600 shares of $100 par value, 9%, preferred stock and 50,100 shares of $10 par value common stock outstanding at December 31, 2020. Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2017, what are the dividends in arrears on December 31, 2020, balance sheet? $ The amount of dividends in arrears on the December 31, 2020...
Johnlee Corporation has 11,000 shares of 7%, $5 par cumulative preferred stock and 50,000 shares of...
Johnlee Corporation has 11,000 shares of 7%, $5 par cumulative preferred stock and 50,000 shares of common stock outstanding. Johnlee declared no dividends in 2015 and had no dividends in arrears prior to 2015. In 2016, Johnlee declares a total dividend of $53,000. How much of the dividends go to the common stockholders? O A. $49, 150 OB. $53,000 O C. $45,300 OD. None; it all goes to preferred stockholders
Shawn Industries has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of...
Shawn Industries has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends as follows: 2016 of $4,000; 2017 of $10,000; and 2018 of $20,000. Required: 1. Compute the total dividends to preferred and common for each of the three years if the preferred stock is: a. Cumulative b. Non cumulative For case la, journalize the declaration of the 2018 dividend...
Larkspur Corp. had $100,000 of 7%, $20 par value preferred stock
and 12,000 shares of $25 par value common stock outstanding
throughout 2017.
Assuming that total dividends declared in 2017 were $64,000,
and that the preferred stock is not cumulative but is fully
participating, common stockholders should receive 2017 dividends of
what amount?
Common stockholders should receive
$
Assuming that total dividends declared in 2017 were $64,000,
and that the preferred stock is fully participating and cumulative
with preferred dividends...
Rachel's Designs has 1,600 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $18,000 in 2021. How much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? Preferred dividends in arrears for 2019...
Rachel's Designs has 1,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $10,000 in 2021. How much of the $10,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders Preferred dividends in arrears for 2019...
Rachel's Designs has 1,600 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2019 or 2020. The company plans to pay total dividends of $16,000 in 2021. How much of the $16,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? Preferred dividends in arrears for 2019...
Bridgeport Corporation has 10,600 shares of $100 par value, 9%, preferred stock and 50,100 shares of $10 par value common stock outstanding at December 31, 2020. Answer the questions in each of the following independent situations. (a) If the preferred stock is cumulative and dividends were last paid on the preferred stock on December 31, 2017, what are the dividends in arrears on December 31, 2020, balance sheet? $ The amount of dividends in arrears on the December 31, 2020...
Johnlee Corporation has 11,000 shares of 7%, $5 par cumulative preferred stock and 50,000 shares of common stock outstanding. Johnlee declared no dividends in 2015 and had no dividends in arrears prior to 2015. In 2016, Johnlee declares a total dividend of $53,000. How much of the dividends go to the common stockholders? O A. $49, 150 OB. $53,000 O C. $45,300 OD. None; it all goes to preferred stockholders
Shawn Industries has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends as follows: 2016 of $4,000; 2017 of $10,000; and 2018 of $20,000. Required: 1. Compute the total dividends to preferred and common for each of the three years if the preferred stock is: a. Cumulative b. Non cumulative For case la, journalize the declaration of the 2018 dividend...
Most questions answered within 3 hours.
-
Under certain conditions, the substance ammonium
nitrate can be broken down to form dinitrogen
monoxide and...
asked 5 seconds from now -
1. A boy stands on one end of a boat, and then walks to the
other...
asked 10 minutes ago -
Casey is on trial under criminal allegations that she engaged in
fraudulent behavior at the company...
asked 15 minutes ago -
Surplus Styles is a manufacturer of hair care products,
including shampoos, conditioners, and hair gels. The...
asked 13 minutes ago -
Using an income-expenditure diagram, use the infinite line and
double-drop line tools to show the economy...
asked 21 minutes ago -
Which expression computes a pseudorandom integer between -10 and
10 using rand()
from cstdlib?
A. (rand(...
asked 28 minutes ago -
Roybus, Inc., a manufacturer of flash memory, just reported that
its main production facility in Taiwan...
asked 36 minutes ago -
Two capacitors connected in parallel produce an equivalent
capacitance of 45.0 μF but when connected in...
asked 45 minutes ago -
The differences between the two sets of dependent data are -1,
2,-,2, 2. Round to the...
asked 1 hour ago -
A χ2-curve, looking at the relationship between age and hours
spent working at an office per...
asked 1 hour ago -
The pH of a sample of water from a river is 5.0. A
sample of effluent from...
asked 2 hours ago -
At the beginning of the period, the Fabricating Department
budgeted direct labor of $136,500 and equipment...
asked 2 hours ago