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tangare [24]
2 years ago
7

Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: The semiannual divi

dend on 10% cumulative preferred, $44 par value, 12,900 shares authorized, issued, and outstanding. The annual dividend on $1.75 cumulative preferred, 120,000 shares authorized, 72,000 shares issued, 63,600 shares outstanding. Last year's dividend has not been paid. The quarterly dividend on 12.0% cumulative preferred, $80 stated value, $109 liquidating value, 78,000 shares authorized, 67,600 shares issued and outstanding. No dividends are in arrears.
Business
1 answer:
agasfer [191]2 years ago
4 0

Answer:

a. The semiannual dividend on 10% cumulative preferred, $44 par value, 12,900 shares authorized, issued, and outstanding.

Figures are annualized:

= 10% * 44 * 12,900

= $56,760

Semi-annual dividends = 56,760 / 2

= $‭28,380‬

b. The annual dividend on $1.75 cumulative preferred, 120,000 shares authorized, 72,000 shares issued, 63,600 shares outstanding. Last year's dividend has not been paid.

= Dividend per share * Shares outstanding

= 1.75 * 63,000

= $110,250

Cumulative dividends have to be paid eventually and so accumulate. If dividend was not paid last year, total dividend is:

= 110,250 * 2

= $220,500

c. The quarterly dividend on 12.0% cumulative preferred, $80 stated value, $109 liquidating value, 78,000 shares authorized, 67,600 shares issued and outstanding. No dividends are in arrears.

Dividend = Dividend rate * Stated value * Number of shares outstanding

= 12% * 80 * 67,600

= $‭648,960‬

Quarterly dividend = ‭648,960‬/4

= $‭162,240‬

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Less popular open source products are not likely to attract the community of users and contributors necessary to help improve th
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1 year ago
Determine fixed​ cost, F; average variable​ cost, AVC; average​ cost, AC; marginal​ cost, MC; and average​ fixed-cost, AFC. The
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Answer:

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Explanation:

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Answer:

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Answer:

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