Homework Answers
Dividend in arrears = 200,000 x 100 x 5% = $1,000,000.
Total dividend = 1,000,000 x 2 (last year and this year) = $2,000,000.
Add Answer to:
Dividends Paid and Dividends in Arrears The Glendora Company has 200,000 shares of cumulative, five percent,...
Dividends Paid and Dividends in Arrears The Arcadia Company has 100,000 shares of cumulative, six percent,...
Dividends Paid and Dividends in Arrears The Arcadia Company has 100,000 shares of cumulative, six 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 $ 0 Total dividend $ 0
Our company has 100,000 shares of $4 par 5% cumulative stock outstanding. This year the board...
Our company has 100,000 shares of $4 par 5% cumulative stock outstanding. This year the board of directors declared $80,000 in dividends (the total dividend, to be divided between preferred and common stock). Last year, $6,000 in dividends were declared. (1) "Dividends in arrears" is how much? (2) How much TOTAL dividend does preferred stock receive this year? (3) How much TOTAL dividend does common stock receive this year?
Dehesa, Inc. has 8,000 shares of 5%, $15 par, cumulative preferred stock and 50,000 shares of...
Dehesa, Inc. has 8,000 shares of 5%, $15 par, cumulative preferred stock and 50,000 shares of $3 par common stock outstanding. No dividends were declared last year. However, the board of directors just declared a $34,000 dividend this year. What amount of the total dividend will be paid to common stockholders? $34,000 $22,000 $28,000 $12,000
Andrews Company has $110,000 available to pay dividends. It has 2,000 shares of 10%, $100 par,...
Andrews Company has $110,000 available to pay dividends. It has 2,000 shares of 10%, $100 par, preferred stock and 30,000 shares of $10 par common stock outstanding. The preferred stock is selling for $100 per share, and the common stock is selling for $25 per share. Required 1. Determine the amount of dividends to be paid to each class of shareholder for each of the following independent assumptions. If an amount box required no entry, leave it blank. a. Preferred...
Question #3 XYZ Corporation has 10,000, $2 cumulative preferred shares and 110,000 common shares outstanding. At...
Question #3 XYZ Corporation has 10,000, $2 cumulative preferred shares and 110,000 common shares outstanding. At the beginning of the current year, preferred dividends were 3 years in arrears. The Board of Directors wants to pay a $1.50 cash dividend on each outstanding common share. To accomplish this, what TOTAL amount of dividends must they declare? a. $225,000 b. $165,000 c. $245,000
York's outstanding stock consists of 80,000 shares of cumulative 5% preferred stock with a $5 par...
York's outstanding stock consists of 80,000 shares of cumulative 5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends 2015 $ 20,000 2016 28,000 2017 200,000 2018 350,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine...
Calculate the cash dividends required to be paid for each of the following preferred stock issuances:...
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,...
This question is for Cumulative Clinton Corporation is in its third year of operation and has...
This question is for Cumulative
Clinton Corporation is in its third year of operation and has provided to you the following information relating to the contributed capital of the corporation. Common stock has been authorized in the amount of 5,000,000 shares. 500,000 shares have been issued and 200,000 are outstanding. The par value is $20 per share and was sold at $25 per share. Preferred stock has been authorized in the amount of 800,000 shares. 200,000 have been issued and...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common shares outstanding. A $40,000 dividend is declared by the company's board of directors in the current financial report. Assuming there are $6,000 dividends in arrears from the previous financial year, what are the dividends paid to preferred shareholders and common shareholders, respectively? A. Preferred stock: $9 per share; Common stock: $7.5 per share B. Preferred stock: $6 per share; Common stock: $5.5 per share...
Robbins Petroleum Company is four years in arrears on cumulative preferred stock dividends. There are 800,000...
Robbins Petroleum Company is four years in arrears on cumulative preferred stock dividends. There are 800,000 preferred shares outstanding, and the annual dividend is $6.50 per share. The Vice-President of Finance sees no real hope of paying the dividends in arrears. She is devising a plan to compensate the preferred stockholders for 90 percent of the dividends in arrears. a. How much should the compensation be? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g. $1,234,000).)...
Dividends Paid and Dividends in Arrears The Arcadia Company has 100,000 shares of cumulative, six 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 $ 0 Total dividend $ 0
Question #3 XYZ Corporation has 10,000, $2 cumulative preferred shares and 110,000 common shares outstanding. At the beginning of the current year, preferred dividends were 3 years in arrears. The Board of Directors wants to pay a $1.50 cash dividend on each outstanding common share. To accomplish this, what TOTAL amount of dividends must they declare? a. $225,000 b. $165,000 c. $245,000
York's outstanding stock consists of 80,000 shares of cumulative 5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends 2015 $ 20,000 2016 28,000 2017 200,000 2018 350,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine...
This question is for Cumulative
Clinton Corporation is in its third year of operation and has provided to you the following information relating to the contributed capital of the corporation. Common stock has been authorized in the amount of 5,000,000 shares. 500,000 shares have been issued and 200,000 are outstanding. The par value is $20 per share and was sold at $25 per share. Preferred stock has been authorized in the amount of 800,000 shares. 200,000 have been issued and...
Company XYZ has 2,000 shares of 6%, $100 par value, cumulative preferred stock and 4,000 common shares outstanding. A $40,000 dividend is declared by the company's board of directors in the current financial report. Assuming there are $6,000 dividends in arrears from the previous financial year, what are the dividends paid to preferred shareholders and common shareholders, respectively? A. Preferred stock: $9 per share; Common stock: $7.5 per share B. Preferred stock: $6 per share; Common stock: $5.5 per share...
Most questions answered within 3 hours.
-
Let M = 8.00kg, m = 6.00kg, θ = 40.00, and the coefficient of
kinetic friction...
asked 14 minutes ago -
Java. For C through H True or false?
c. Primitive variables must be objects.
d. Integer...
asked 19 minutes ago -
Write a program that turns a 32-bit numeric value (e.g.,
0xFFFFh) and converts it to a...
asked 20 minutes ago -
A motor produces a torque of 0.25 N m at an angular velocity of
7200 revolutions...
asked 34 minutes ago -
***Please answer the below java question***
Are static methods inheritable? Can they be overridden?
asked 36 minutes ago -
In reaching her destination, a backpacker walks with an average
velocity of 1.13 m/s, due west....
asked 37 minutes ago -
Write two C programs that run a
server program and a client program concurrently.
Server program:...
asked 36 minutes ago -
Executive Program Practical Connection Assignment
Subject : Operations Security.
Assignment:
Provide a reflection of at least...
asked 46 minutes ago -
Every time Casey is at bat he has a 0.4 probability of
getting on base (assume...
asked 54 minutes ago -
The Walston Company is to be liquidated and has the following
liabilities:
Income taxes
$
9,400...
asked 1 hour ago -
If
the more comprehensive data is available in MEPS, why does the NHIS
still exist? How...
asked 1 hour ago -
Koo argues that the Japanese economy in the 1990s suffered from
a balance sheet recession. What...
asked 1 hour ago