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3 years ago

Calculate the annual cash dividends required to be paid for each of the following preferred stock issues:

Business

1 answer:

ozzi3 years ago

8 0

Answer:

Annual Cash Dividends

a. = $347,645.10

b. = $145,450

c. = $317,200

Explanation:

a) Data and Calculations:

1. $3.30 Cumulative Preferred Stock:

Authorized shares = 210,000

Issued shares = 146,000

Treasury shares = 40,653

Outstanding shares 105,347

Cash dividend = $347,645.10 ($3.30 * 105,347)

2. 5% Preferred Stock, $40 par value:

Authorized shares = 293,000

Issued shares = 165,000

Outstanding shares 72,725 * $40 = $2,909,000

Cash dividend = $145,450 ($2,909,000 * 5%)

3. 12.2% cumulative preferred, $100 stated value, $108 liquidating value:

Authorized shares = 81,000

Issued shares = 42,000

Outstanding shares 26,000 * $100 = $2,600,000

Cash dividend = $317,200 ($2,600,000 * 12.2%)

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Emelia Vanderpuye retired this morning and has $1.5 million in her retirement account. She expects to live thirty years in retir

baherus [9]

Answer:

The applicable options are:

$7,997.75 $5,842.50 $6,955.93 $8,799.06

The first one ,$ 7,997.75 is correct answer

Explanation:

The amount of monthly withdrawal can be computed using the pmt formula in excel

=pmt(rate,nper,-pv,fv)

rate is the monthly rate of return which is 6%/12=0.5%

nper is the thirty years multiplied by 12 which is 360 months

pv is the current amount in her retirement savings which is $1.5 m

fv is the amount expected to be left in the account for children and grandchildren which is $1 m

=pmt(0.5%,360,-1500000,1000000)=$ 7,997.75

The amount of monthly withdrawal is 7,997.75

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3 years ago

Which of the following factors of production is unlikely to be found in a command economy?

mel-nik [20]

Answer:

A. Entrepreneurship

Explanation:

A command economy is a form of economic system in which the government decides the method of production, price of the goods, and the sale of the goods in the market. It is the opposite of the free market economy. Such type of economy is found in the communist society where the government plays the role of the supreme authority. All the economic activities are controlled by the government while the means of production can be owned by the public.

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4 years ago

You are working at a firm that specializes in fraud examinations on behalf of clients. think of a specific example when your fir

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An outside consultant may be needed if the project scope is beyond the qualification and capabilities of the staff. For fraud, former investigators and even former and reformed con men can be invited to share their knowledge in preventing or detecting fraudulent activity.

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4 years ago

Read 2 more answers

Joanna is the manager of a luxury hotel. All her team members are required to follow a code of conduct. If they do so consistent

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Joanna is using bureaucratic control .

Option C

Explanation: 

Joanna uses her employee’s in this case operational order. Bureaucratic management is the top-down supervision where supervisors try to influence the actions of workers by re-compensation or discipline of employees for their enforcement or violation of corporate rules, legislation and protocol.

The use of rules, regulations, power structure, written records, recognition structures and other structured frameworks to manipulate worker attitudes and measure performance is administrative regulation. Administrative legislation can be used if acts that require or price services can be controlled.

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4 years ago

You have forecast pro forma earnings of $ 1 comma 031 comma 000. This includes the effect of $ 175 comma 000 in depreciation. Yo

AVprozaik [17]

Answer:

Forecast Free Cashflow: $

Forecast earnings 1,031,000

Add: Depreciation 175,000

Add: Decrease in working capital 108,000

Forecast free cashflow 1,314,000

Explanation:

Free cashflow is the aggregate of forecast earning, depreciation and decrease in working capital. Depreciation is added back to the forecast earnings because it does not involve movement of cash. Decrease in working capital is also added to the forecast earnings because it is an inflow of cash.

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3 years ago