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Margaret [11]
2 years ago
10

York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 sh

ares 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: preferred and common. Also compute the total dividends paid to each class for the four years combined.
par value dividend dividend number of preferred annual
per preffered rate per preffered preffered divedends preffered
share share shares dividend
total cash paid to paid to dividend in
dividend preferred common arrears at
paid year-end
2015 20000 20000
2016 28000 28000
2017 200000
2018 350000 30000 320000
totals 598000 78000 320000
Business
1 answer:
Arisa [49]2 years ago
3 0

Answer:

total non-cumulative preferred stock dividends per year = 80,000 x 7.5% x $5 = $30,000

since the bonds are non-cumulative, if the dividends are not paid during one year, they are basically lost since they will not be paid in the future.

year

2015: $20,000 distributed to preferred stockholders

  • $0.25 per preferred stock
  • $0 to common stockholders

2016: $28,000 distributed to preferred stockholders

  • $0.35 per preferred stock
  • $0 to common stockholders

2017: $30,000 distributed to preferred stockholders, $170,000 distributed to common stockholders

  • $0.375 per preferred stock
  • $0.85 per common stock

2018: $30,000 distributed to preferred stockholders, $320,000 distributed to common stockholders

  • $0.375 per preferred stock
  • $1.60 per common stock

 

Dividends paid during the 4 year period:

Preferred stockholders received $108,000 in total

  • $1.35 per preferred stock

Common stockholders received $490,000 in total

  • $2.45 per common stock
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NEED HELP ASAP
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Pierre engaging in such actions is known as rationalizing.

When a person rationalizes a decision they:

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Pierre is clearly doing something wrong here by increasing expenses more than they are supposed to be. He however convinces himself that what he is doing is not bad because no one will notice.

He is therefore coming up with reasons to prove that what he is doing is not bad and we can conclude based on this fact that he is engaged in rationalizing his behavior.

<em>Find out more at brainly.com/question/14453354.</em>

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In order to increase the living standard , public policy should make sure that the workers working under the policy for the government are educated enough and they have proper knowledge about operating the necessary tools , equipments and technology .

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To calculate the different types of shampoo that the company can package, we use the multiplication principle. This will be:

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