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
lakkis [162]
3 years ago
14

Sabas Company has 20,000 shares of $100 par, 1% non-cumulative preferred stock and 100,000 shares of $50 par common stock. The f

ollowing amounts were distributed as dividends:
Year 1: $10,000

Year 2: 15,000

Year 3: 90,000

Determine the dividends per share for preferred and common stock for each year
Business
1 answer:
dimaraw [331]3 years ago
6 0

Answer:

                                            Year 1             Year 2               Year 3

Preferred stock (A ÷ C)        $0.50           $0.75                  $1

Common stock (B ÷ D)           $0                $0                      $0.70

Explanation:

The computations are shown below:

Preferred shares = 20,000 shares (C)

Common stock  shares = 100,000 shares (D)

Preferred dividend = 20,000 shares × $100 × 1% = $20,000

Particulars                         Year 1             Year 2               Year 3

Total dividend                    $10,000        $15,000            $90,000

Preference dividend (A)     $10,000       $15,000             $20,000

Common shares                   $0                 $0                    $70,000

dividend (B)

Dividend per share = (Total dividend) ÷ (number of shares)

Preferred stock (A ÷ C)        $0.50           $0.75                  $1

Common stock (B ÷ D)           $0                $0                      $0.70

You might be interested in
One type of systematic error arises because people tend to think of benefits in percentage terms rather than in absolute dollar
raketka [301]

Answer:

She is better off by $40,

Please kindly go through the explanation section for rest of the answers.

Explanation:

From the Question,

Grocery saving = 40%

Laptop saving = 2.5%

Absolute saving in grocery = $4

Absolute saving in Laptop =$10

Yes he should sacrifice 20 mins to save $10 since he does the same for less savings

Second case:

Since Ted is depositing money for only 6 months at 10% interest rate, he is giving up half his annual interest of (0.1*750)/2 = $37.5

Third case:

Interest accrued on student loan = 0.07*2000 = $140

Interest on credit card = $75 + (0.07*1500) = $180

She is better off by $40.

7 0
3 years ago
The objective section of a resume should consist of no more than:
Alona [7]

Answer:A

Explanation:

A p e x

3 0
3 years ago
The Tuck Shop began the current month with inventory costing $10,000, then purchased inventory at a cost of $35,000. The perpetu
GREYUIT [131]

Answer:

$500 shrinkage

Explanation:

Calculation to determine the amount of shrinkage occurred during the month

Using this formula

Shrinkage=Ending inventory-Actual count

Let plug in the formula

Ending inventory=$10,000 + $35,000 - $30,000 Ending inventory= $15,000

Shrinkage=$15,000 - $14,500

Shrinkage= $500

Therefore the amount of shrinkage occurred during the month is $500

6 0
2 years ago
What device is required to connect to the internet
ollegr [7]

Usually the router whether internal or external is the device you are asking about

3 0
3 years ago
Read 2 more answers
2.A company began 2019 with retained earnings of $23.45 million. During the year, it paid four quarterly dividends of 0.25 per s
Naily [24]

Answer: $23.63 million

Explanation:

First and foremost, we can calculate the quarterly common stockholder dividend which will be:

= $0.25 × 1 Million

= $0.25 million

Then, the annual dividend to the common stockholders will be:

= $0.25 million × 4

= $1 million

The quarterly preferred stockholder dividend will be calculated as:

= $0.50 × 0.50 Million

= $0.25 million

We would then multiply $0.25 million by 4 to get the annual dividend attributable to the preferred stockholders which will be:

= $0.25 million × 4

= $1 Million

Total Dividend would then be:

= Annual dividend to common stockholders + Annual dividend to preferred stockholder

= $1 Million + $1 Million

= $2 Million

The value of the retained earnings balance at the end of the year will then be:

= Retained Earnings at the beginning of the year + Net Income – Dividend

= $23.45 + $2.18 - $2.00

= $23.63 million

3 0
3 years ago
Other questions:
  • Mr. Hamid is running his small retail business under the name of Hamid Store. He has recently hired Mr. Imran as a junior accoun
    12·1 answer
  • With regard to the three types of attributes customers use in evaluating the quality of goods and services, a vacation would bes
    9·1 answer
  • "Which statements are TRUE about IO tranches? I When interest rates rise, the price of the tranche falls II When interest rates
    11·1 answer
  • Harry Corporation's common stock currently sells for $179.85 per share. Harry paid a dividend of $10.18 yesterday, and dividends
    5·1 answer
  • Financing cash flows in the statement of cash flows would include which of the following?
    10·1 answer
  • Which of the following are reasons that the short-run aggregate supply curve slopes upward? Check all that apply. As the price l
    10·1 answer
  • How long will it take your money to triple if you receive 10% return on your money, compounded annually?
    8·1 answer
  • Leigh has information on how many customers purchase bagels at her coffee shop. With the bagel sales numbers from the past four
    6·2 answers
  • Failure to prepare an adjusting entry at the end of a period to record an accrued revenue would cause Group of answer choices ne
    6·1 answer
  • Select the correct answer
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!