1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Verdich [7]
2 years ago
13

Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cum

ulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $72,000; third year, $80,000; fourth year, $100,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00".
Mathematics
1 answer:
Sergeeva-Olga [200]2 years ago
3 0

The dividends per share on each class of stock for each of the four years for Seventy-Two Inc. are as follows:

<h3>Cumulative Preferred Stock:</h3>

                                            Year 1       Year 2        Year 3           Year 4

Distributed Dividends    $32,000    $40,000    $36,000        $36,000

Outstanding shares          60,000      60,000      60,000           60,000

Dividend per share           $0.53       $0.67          $0.60             $0.60

<h3>Common Stock:</h3>

                                          Year 1       Year 2        Year 3           Year 4

Distributed Dividends    $0              $32,000     $44,000       $64,000

Outstanding shares        400,000    400,000     400,000       400,000

Dividend per share        $0              $0.08            $0.11              $0.16

<h3>Data and Calculations:</h3>

                              3% Cumulative Preferred       Common Stock

Outstanding shares          60,000                        400,000

Par Value                            $20                              $25

Total value                       $1,200,000              $10,000,000

Annual dividend            $36,000 ($1,200,000 x 3%)

                                            Year 1       Year 2        Year 3           Year 4

Distributed Dividends    $32,000    $72,000    $80,000       $100,000

Cumulative Preferred      $32,000    $40,000    $36,000        $36,000

Common Stock                $0              $32,000    $44,000        $64,000

Learn more about dividends at brainly.com/question/25845157

#SPJ1

You might be interested in
Solve the following system of equations for a and for b:
viktelen [127]

Answer:

a=3\\b=1

Step-by-step explanation:

9a+3b=30\\8a+4b=28

Let's solve the second equation for a to later on replace it in the first equation.

8a+4b=28\\8a=28-4b\\a=\frac{28-4b}{8}

Now plug this into the first equation.

9a+3b=30\\9(\frac{28-4b}{8})+3b=30

Distribute the 9

(\frac{252-36b}{8}) +3b=30

Break down the fraction.

\frac{252}{8}-\frac{36b}{8}+3b=30

Simplify.

\frac{63}{2}-\frac{9}{2}b+3b=30

Subtract \frac{63}{2}

-\frac{9}{2}b+3b=30-\frac{63}{2}

Combine like terms.

\frac{-9+2*3}{2}b=\frac{30*2-63}{2}

\frac{-9+6}{2}b=\frac{60-63}{2}

\frac{-3}{2}b=\frac{-3}{2}

Muliply by the reciprocal or inverted fraction next to b.

(-\frac{2}{3})(-\frac{3}{2}) b=-\frac{3}{2}(-\frac{2}{3})

b=1

Now plug this value into any of the equations to find the value of a.

8a+4b=28\\8a+4(1)=28\\8a+4=28\\8a=28-4\\8a=24\\a=\frac{24}{8}\\ a=3

5 0
3 years ago
Help pleaseeeeeeeeee
harkovskaia [24]
97+x=27+64
x=27+64-97
x=-6

(Hopefully this is correct)
4 0
2 years ago
Roberto's toy car travels 600 inches at high speed and then another 456 inches at low speed. What is the total distance the car
solmaris [256]

Answer:

88ft

Step-by-step explanation:

   600                  then divid 1,056 and 12 =88ft

+  456

----------------

 1,056

4 0
3 years ago
(sec(π/3) + tan(-7π/4))/(1-cos(2 π/3))
Paha777 [63]

Answer:

3

Step-by-step explanation:

3+3_3=3

after that 3+2+6+7+7+8+8+9+9+9+9+9+0+0+8+6+5+4+ 5=?

u will do the answer and it will be done

6 0
3 years ago
Read 2 more answers
If a person invested half of her money at 9% and half at 7% and received $160 interest, find the total amount of money invested.
mr Goodwill [35]

Answer:

$2000

Step-by-step explanation:

let x be the money she invested

lets assume this was for 1 year

0.09(x/2) + 0.07(x/2) = 160

multiply each side by 2 to cancel the denominators:

0.09x + 0.07x = 320

0.16x = 320

x = 2000

5 0
3 years ago
Read 2 more answers
Other questions:
  • When painting my bedroom I used 3 1/2 liters of blue paint and 2 1/4 liters of red paint. How much paint did I use in all
    15·2 answers
  • List all the numbers between 20 and 30 that are prime
    12·2 answers
  • What are factors of 24
    13·1 answer
  • Will is going to paint the hallway by the gym. He will paint a stripe that is 8 1/2 feet long and 1 2/3 feet wide what is the ar
    7·2 answers
  • perimetrul unui paralelogram este de 30 cm.una dintre laturi are lungimea de 6 metri . dterminati lungimile celolrarte laturi
    7·1 answer
  • Simplify, using the distributive property and then combining like terms. 2(x+y)+(2x−2y)
    7·1 answer
  • What is the value of x in 6-3x=5x-10x+12
    7·1 answer
  • 20 POINTS!!!
    10·1 answer
  • Please helpppp<br> Find h
    11·1 answer
  • Explanation pleaseeee thank you
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!