Bronze Tint Trust has the following classes of stock:
Requirement 1. Bronze Tint declares cash dividends of $30,000 for 2018. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? (Complete all input boxes. Enter "O" for any zero amounts.)
Bronze Tint's dividend would be divided between preferred and common stockholders in this manner:
Homework Answers
i) Total dividend = $30,000
ii) Dividend to preferred shareholder's = Preferred stock issued & outstanding * Par value * rate
Dividend to preferred shareholder's = 4000 shares issued * $10 per share * 7% = $2800
Current year dividend = $2800
Dividned in arrears = 0 (Nil)
Note: Dividend in arrears details or related information for preferred shareholder's is not given & hence it is assumed to be as nil.
iii) Dividend to common stockholder's = Total dividend - Dividend to preferred shareholder's
Dividend to common stockholders = $30,000 - $2,800 = $27,200
Note : Authorized shares detail is not to be taken for the purpose of dividend calculation.
Above solution is given on the basis of information provided.
Bronze Tint Trust has the following classes of stock: Requirement 1. Bronze Tint declares cash dividends...
Bronze Tint Trust has the following classes of stock:
Requirement 1.
Bronze Tint declares cash dividends of $28,000 for 2018. How
much of the dividends goes to preferred stockholders? How much
goes to common stockholders? (Complete all input boxes. Enter
"0" for any zero amounts.)
Bronze Tint's
dividend would be divided between preferred and common
stockholders in this manner:
Bronze Tint Trust hes the following classes ct stock Click the icon to view the dels) Read the recitamente Requirement 1....
Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019
Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $7,000 in 2018 and $54,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure to enter the calculated dividend on...
Western Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to...
Western Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to view the stockholders' equity) Read the requirements. Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $19,870 in 2018 and $49,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete...
1. Sterling Garde Corporation has 50,000 shares of $1.60 preferred stock outstanding in addition to its...
1. Sterling Garde Corporation has 50,000 shares of $1.60 preferred stock outstanding in addition to its common stock. The $1.60 designation means that the preferred stockholders receive an annual cash dividend of $1.60 per share. In 2018, Sterling Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is: (Click the icon to view the data.) Read the requirements? 1. How much in dividends must Sterling Garde declare each year before the common stockholders receive any...
The following elements of stockholders' equity are from the balance sheet of Sander Marketing Corp. of...
The following elements of stockholders' equity are from the balance sheet of Sander Marketing Corp. of December 31, 2017 (Click on the loon to view the data) Sandler paid no preferred dividends in 2017. Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 if total dividends are $160,000 and assuming the preferred stock is roncumulative Assume no changes in preferred and common stock in 2018. (Complete all input boxes. Enter "O" for any...
The following elements of stockholders' equity are from the balance sheet of Sneed Marketing Corps December...
The following elements of stockholders' equity are from the balance sheet of Sneed Marketing Corps December 31, 2017: (Click on the icon to view the data) Sneed paid no preferred dividends in 2017 Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 Wotal dividends are $185.000 and assuming (Complete will put boxes. Enter for wy zero amounts.) preferred stock incumulative Assume no changes in promed and common Sneed's 2018 dividend would be divided...
New England Communications has the following stockholders' equity on December 31, 2018 Click on the icon...
New England Communications has the following stockholders' equity on December 31, 2018 Click on the icon to view the stockholders' equity) Read the requirements Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 total dividends are $23.400 in 2018 and $46,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete...
Platinum Garde Corporation has 50,000 shares of $1.90 preferred stock outstanding in addition to its common...
Platinum Garde Corporation has 50,000 shares of $1.90 preferred stock outstanding in addition to its common stock. The $1.90 designation means that the preferred stockholders receive an annual cash dividend of $1.90 per share. In 2018, Platinum Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is: (Click the icon to view the data.) Read the requirements. 1. How much in dividends must Platinum Garde declare each year before the common stockholders receive any cash...
The following elements of stockholders equity are from the balance sheet of Saris Marketing Corp, at...
The following elements of stockholders equity are from the balance sheet of Saris Marketing Corp, at December 31, 2017 (Cick on the icon to view the data.) Saris paid no preferred dividends in 2017 Read the requitements Requirement 1. Compute the dividends to the preferred and common sharehalders for 2018 if total dividends are $175,000 and assuming the prefered stock is noncumulative. Assume no changes in preferred and common stock in 2013. (Complete all input boxes. Enter "0" for any...
When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par,...
When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock. Its earnings history is as follows: 2018, net loss of $35,000; 2019, net income of $125,000; 2020, net income of $215,000. The corporation did not pay a dividend in 2018. Required a. How much is the dividend arrearage as of January 1, 2019? b. Assume that the board of directors declares...
Bronze Tint Trust has the following classes of stock:
Requirement 1.
Bronze Tint declares cash dividends of $28,000 for 2018. How
much of the dividends goes to preferred stockholders? How much
goes to common stockholders? (Complete all input boxes. Enter
"0" for any zero amounts.)
Bronze Tint's
dividend would be divided between preferred and common
stockholders in this manner:
Bronze Tint Trust hes the following classes ct stock Click the icon to view the dels) Read the recitamente Requirement 1....
Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $7,000 in 2018 and $54,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure to enter the calculated dividend on...
Western Communications has the following stockholders' equity on December 31, 2018: (Click on the icon to view the stockholders' equity) Read the requirements. Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 if total dividends are $19,870 in 2018 and $49,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete...
1. Sterling Garde Corporation has 50,000 shares of $1.60 preferred stock outstanding in addition to its common stock. The $1.60 designation means that the preferred stockholders receive an annual cash dividend of $1.60 per share. In 2018, Sterling Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is: (Click the icon to view the data.) Read the requirements? 1. How much in dividends must Sterling Garde declare each year before the common stockholders receive any...
The following elements of stockholders' equity are from the balance sheet of Sander Marketing Corp. of December 31, 2017 (Click on the loon to view the data) Sandler paid no preferred dividends in 2017. Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 if total dividends are $160,000 and assuming the preferred stock is roncumulative Assume no changes in preferred and common stock in 2018. (Complete all input boxes. Enter "O" for any...
The following elements of stockholders' equity are from the balance sheet of Sneed Marketing Corps December 31, 2017: (Click on the icon to view the data) Sneed paid no preferred dividends in 2017 Read the requirements Requirement 1. Compute the dividends to the preferred and common shareholders for 2018 Wotal dividends are $185.000 and assuming (Complete will put boxes. Enter for wy zero amounts.) preferred stock incumulative Assume no changes in promed and common Sneed's 2018 dividend would be divided...
New England Communications has the following stockholders' equity on December 31, 2018 Click on the icon to view the stockholders' equity) Read the requirements Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2018 and 2019 total dividends are $23.400 in 2018 and $46,000 in 2019. Assume no changes in preferred stock and common stock in 2019. (Assume all preferred dividends have been paid prior to 2018. Complete...
Platinum Garde Corporation has 50,000 shares of $1.90 preferred stock outstanding in addition to its common stock. The $1.90 designation means that the preferred stockholders receive an annual cash dividend of $1.90 per share. In 2018, Platinum Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is: (Click the icon to view the data.) Read the requirements. 1. How much in dividends must Platinum Garde declare each year before the common stockholders receive any cash...
The following elements of stockholders equity are from the balance sheet of Saris Marketing Corp, at December 31, 2017 (Cick on the icon to view the data.) Saris paid no preferred dividends in 2017 Read the requitements Requirement 1. Compute the dividends to the preferred and common sharehalders for 2018 if total dividends are $175,000 and assuming the prefered stock is noncumulative. Assume no changes in preferred and common stock in 2013. (Complete all input boxes. Enter "0" for any...
When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock. Its earnings history is as follows: 2018, net loss of $35,000; 2019, net income of $125,000; 2020, net income of $215,000. The corporation did not pay a dividend in 2018. Required a. How much is the dividend arrearage as of January 1, 2019? b. Assume that the board of directors declares...
Most questions answered within 3 hours.
-
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 4 seconds from now -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 1 minute ago -
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 17 minutes ago -
How much money should be invested today in order to have $8340
at the end of...
asked 20 minutes ago -
You are conducting research for a hospital and issue a survey to
patients.
Based on the...
asked 21 minutes ago -
What might be a negative mutation that would hinder the
bug population?
asked 30 minutes ago -
A company just paid a dividend of $1.50 per share. The consensus
forecast of financial analysts...
asked 26 minutes ago -
A mass of 0.50 g of an unknown acid HA required 20.0 mL of 0.25
M...
asked 36 minutes ago -
Mitch is a director and officer of Numero Uno, Inc. Mitch makes
a marketing decision that...
asked 37 minutes ago -
A pair of fair dice is tossed. Let X denote the larger of the
two numbers...
asked 45 minutes ago -
What are the variety of forms of products dispensed with aerosol
spray?
asked 49 minutes ago -
Which one of the following statements is true about C++
keywords?
a. A keyword can have...
asked 49 minutes ago