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sashaice [31]
3 years ago
9

Seacrest Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $5 par common stock. The follo

wing amounts were distributed as dividends:
Year 1 $30,000
Year 2 12,000
Year 3 45,000

Required:
Determine the dividends per share for preferred and common stock for each year.
Business
1 answer:
zloy xaker [14]3 years ago
4 0

Answer:

Cumulative Preferred Stock must always pay out Dividends and when they cannot, the amount unpaid will be accrued for payment to another year when it can be paid.

When Dividends are declared, Preference Shareholders are paid first and then common shareholders follow.

Year 1

Preference Shares = Number of shares * Par value * %

= 15,000 * 50 * 2%

= $15,000

Common Shareholders will get the rest;

= 30,000 - 15,000

= $15,000

Year 2.

Preference Shareholders are still due $15,000 however only $12,000 is available. They will take all of it and be owed $3,000.

Preference Shares, Year 2 = $12,000

Common Shareholders get nothing.

Year 3.

Preference Shareholders are owed $15,000 for the year. They are also owed $3,000 from the previous year.

Preference Shares = 15,000 + 3,000

= $18,000

Common Shareholders will get the remainder;

= 45,000 - 18,000

= $27,000

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6 0
1 year ago
_____, as a conflict management strategy, is the political equivalent of "win some, lose some" and is possible in a long-term re
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Answer:

compromising

Explanation:

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5 0
3 years ago
Identify the characteristics that have enabled Singapore to become one of the world’s most prosperous nations. Correct Answer(s)
ella [17]

Answer:

The answers are : Stable financial system; Strategic location; High literacy rate.

Explanation:

Singapore is a small island, highly populated country without much natural resources and little resources are paid to agricultural sector and energy sector thus lack of self-sufficiency in regard to water, food (due to limited land, lack of water supply and high labor cost). Currently, more than 40% of the country's water consumption are exported from Malaysia.

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3 years ago
What are colonias? mexican factories that have high death rates due to poor working conditions. rural, unincorporated slums on t
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6 0
3 years ago
Esmerelda simplified a complex fraction. Her work is shown below.  What errors did Esmerelda make? Select three options. Esmere
Schach [20]

Picture relating to the question is attached below :

Answer:

Esmerelda did not use the recipro al of the Divisor.

Esmerelda added the numerator

Esmerelda added the denominator

Explanation:

Esmerelda's work:

-5 1/4 ÷ 3/2= -21/4 ÷3/2 = (-21/4)(3/2) = -24/6 = - 4

Esmerelda's errors:

When changing the quotient sign to multiplication ; the reciprocal of the denominator should be used to divide the numerator :

Hence,

-21/4 ÷3/2 = (-21/4)(3/2) (wrong expression)

-21/4 ÷3/2 = (-21/4)(2/3) (correct expression)

Also,

(-21/4)(3/2) = -24/6 ( wrong simplification)

The bracket symbol indicates multiplication. Hence, the values should be multiplied. The two Numerator values and the two denominator values.

5 0
2 years ago
Read 2 more answers
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