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
lora16 [44]
3 years ago
9

Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 3% stock, $

25 par, and 31,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $7,250; second year, $11,750; third year, $62,360; fourth year, $104,000. Calculate 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".
Business
1 answer:
vaieri [72.5K]3 years ago
4 0

Answer and Explanation:

The computation of the dividend per share for each class of stock for four years are as follows

Preferred stock

= 25,000 shares × $25 × 3%

= $18,750

The dividend per share is

= $18,750 ÷ 25,000 shares

= $0.75

Now for the first year

= $7,250 ÷ 25,000

= $0.29

And the 0 is for Common  stockholders

For the second year  

Preferred stock  

=  $11,750 ÷ $25,000

= $0.47

And the 0 is for Common  stockholders

For the third year

Preferred  stock

= $0.46 + $0.28 + $0.75

= $1.49

And for the Common stockholders

= $27,900 ÷ 31,000  shares

= $0.9

For the fourth year

Preferred stock = $0.75

And, for the common stockholders

= $94,860 ÷ 31,000 shares

= $3.06

You might be interested in
Provide the names of two (a) asset accounts, (b) liability accounts, and (c) equity accounts.
tamaranim1 [39]

Answer:

two (a) asset accounts

  • Cash and cash equivalents, which is the most liquid asset.
  • Inventory, which are the goods that the company buys or produces, to sell later on, and make a profit.

two libability accounts

  • Acconts payable, which is the money that the company owes.
  • Unearned revenue, which are revenues for goods or services that have not been delived yet.

two equity accounts

  • Common stock, the most typical form of equity.
  • Retained earnings, income that is left after paying dividends.

Explanation:

3 0
3 years ago
Computers makes 5 comma 900 units of a circuit​ board, CB76 at a cost of $ 290 each. Variable cost per unit is $ 220 and fixed c
blondinia [14]

Answer:

There is a loss on buying from outside supplier ,Peach's offer should not be accepted.

Explanation:

Variable cost is a cost that varies with number of units produced or sold so it is always a relevant cost while making decision.

Fixed cost remains constant irrespective of number of units so it is a irrelevant cost unless avoidable.So in the given case ,fixed cost $70 is irrelevant since same will be incurred whether purchased or manufactured.

Incremental savings  

Saving in variable cost   220

saving in fixed cost   25

Total saving                   245

less: Incremental cost (270)

Incremental profit /(loss) on buying from outside supplier (25)

Total loss 25*5900= -147500

Therefore, There is a loss on buying from outside supplier ,Peach's offer should not be accepted.

4 0
3 years ago
Intermediate Goals for game designers ​i need help
Zigmanuir [339]

Answer:

look at valorant the game outfits

8 0
3 years ago
Caroline's Jewelry and Gifts is located between a hardware store and a sports bar. While her target market is adult women of med
zhannawk [14.2K]
I would say A: Men who want to buy gifts. 
5 0
3 years ago
Read 2 more answers
To remain relevant in today’s e-commerce landscape, many businesses use progressive ________ applications to undertake m-commerc
Y_Kistochka [10]

To remain relevant in today’s e-commerce landscape, many businesses use progressive <u>mobile</u> applications to undertake m-commerce.

<h3>What is e-commerce?</h3>

It should be noted that e-commerce simply means the buying and selling of goods through the internet.

In this case, to remain relevant in today’s e-commerce landscape, many businesses use progressive mobile applications to undertake m-commerce.

Learn more about e-commerce on:

brainly.com/question/23369154

5 0
2 years ago
Other questions:
  • Lupe's recorded balance was off by $43, and she thinks that it’s because she made a mistake in her records. What mistakes did sh
    12·2 answers
  • _____ helped establish an organization that was the forerunner of the American Association on Intellectual and Developmental Dis
    10·1 answer
  • Consider the following data that identifies real gross domestic product (GDP) in comparison to the long-run trend of real GDP to
    13·1 answer
  • For financial reporting purposes, an advance payment for services is NOT recorded as a revenue, but rather recorded as a(n) . It
    6·1 answer
  • Market offerings are some combination of products, services, information, or experiences offered to a market to satisfy a need o
    11·1 answer
  • Volbeat Corp. shows the following information on its 2015 income statement: sales = $275,000; costs = $188,000; other expenses =
    15·1 answer
  • ___________ states that if there is no specific employment contract saying otherwise, the employer or employee may end an employ
    12·1 answer
  • Over the course of 40 years, Sal grew his company to six package shipping stores. with his retirement approaching and the increa
    6·1 answer
  • The u. S. Dollar appreciated relative to other major trading currencies between 2014 and early 2016 primarily because.
    12·1 answer
  • Which inventory costing method generally results in the most recent costs being assigned to ending inventory?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!