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
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

You might be interested in
then impact of risky behaviour on one's well-being by referring to social,emotional,physical and spiritual ​
maria [59]
Spiritually, risky behavior can truly take a toll. If you are religious, your actions won’t be in line with your beliefs (most likely). There is a trickle down effect from there. Lots of times, risky behavior makes a person feel paranoid because a person is doing things s/he feels is wrong. All of that takes a toll on a person physically. When you compromise yourself, you will tend to be on an emotional roller coaster. Not a great way to live
6 0
2 years ago
Identify which of the factors below are better short-range predictors and which are better long-range predictors of movements in
alina1380 [7]

Answer:

Short range predictors:

c. Nominal interest rate differential

d. Psychological effects

e. Investor expectations

f. Bandwagon effect

Long range predictors:

a. Relative monetary growth

b. Relative inflation rates

Explanation:

Nominal rate, the real rate, and inflation. long term predictors of an economic theory in which a relationship between inflation, nominal interest rate and real interest rate is identified. It defines that real interest rate is equal to inflation minus nominal interest rate.

Bandwagon effect is a short range predictor because it is effect of uptake when people follow others. They take decisions what other do and its their belief that other people have taken the right decision so we too. This is just a short term hop based on beliefs regardless of any underlying evidence.

8 0
3 years ago
In a perfectly competitive market, the market supply curve is a. always a horizontal line. b. the vertical sum of all the indivi
gayaneshka [121]

Answer: C.) Horizontal sum of all the individual firm's supply curve

Explanation: A perfectly competitive market, is that in which sellers or suppliers of a certain product are numerous such that a slight increase in price, and demand could fall to 0. Here, an individual seller has no control over the price of commodities. The supply curve tells how much quantity will be produced at different prices. Therefore the market supply curve is determined by all individual sellers individual price in other to determine the overall quantity to be produced at varying market price. Prices are drawn horizontally from the y-axis to determine quantity produced at different prices for each indivudual seller which is summed to generate the market supply curve.

4 0
3 years ago
Read 2 more answers
An investor purchases a stock for $52 and a put for $0.60 with a strike price of $50. The investor sells a call for $0.60 with a
Nutka1998 [239]

Answer:

Maximum profit = $6

Maximum loss = -$2

Explanation:

The computation of maximum profit and loss for this position is shown below:-

Maximum profit = Strike price - Purchase of stock

= $58 - $52

= $6

Maximum loss = Strike price - Purchase of stock

= $50 - $52

= - $2

Therefore for determining the maximum profit and loss for this position we simply applied the above formulas.

6 0
3 years ago
Yuki is part of a sales team. He effectively coordinates his tasks with others in the team and willingly contributes to their ef
bulgar [2K]

Answer:

d.Level 2

Explanation:

Based on the information provided within the question it can be said that Yuki is in the level 2 of the level-5 leadership pyramid. This level emphasizes an individuals contributions towards the other members of a group and adding their individual capabilities to the group in order to help the group achieve their overall goals. Which is exactly what Yuki is doing as described in the question.

5 0
3 years ago
Other questions:
  • Navigator sells GPS trackers for $50 each. It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarte
    10·1 answer
  • 1. When there is automation, product diversity, and little correlation between overhead cost and direct labor, a plantwide overh
    10·1 answer
  • The Fox Company uses the weighted average method. The beginning work in process consists of 20,000 units (100% complete as to ma
    13·1 answer
  • A person who invests in a business but takes no part in the day to day operations of the business is called a(n)
    9·1 answer
  • On January 1, Year 1, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on J
    14·1 answer
  • Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020
    5·1 answer
  • Recently many large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Fe
    14·1 answer
  • A United States firm recently won a large contract with a company in Malaysia, by providing the foreign nation's government offi
    7·1 answer
  • If subsidies for research and development on new technologies lead to an increase in the average productivity of labor, what wil
    13·1 answer
  • Liabilities are? a.none of these choices are correct. b.the rights of customers. c.the rights of owners. d.the rights of credito
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!