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
Snezhnost [94]
3 years ago
10

Distributing Cash Dividends to Preferred and Common Shareholders Dechow Company has outstanding 20,000 shares of $50 par value,

6% cumulative preferred stock, and 80,000 shares of $10 par value common stock. The company declares and pays cash dividends amounting to $160,000. a. If no arrearage on the preferred stock exists, how much in total dividends, and in dividends per share, is paid to each class of stock
Business
1 answer:
Anna11 [10]3 years ago
8 0

Answer:

Preferred Stock = $60,000 and $3.00

Common Stock = $100,000 and $1.25

Explanation:

Dividends

Preferred Stock has preference when it comes to dividends payments. The remaining dividends are then paid to Common Stockholders.

Preferred Stock dividend = 20,000 x $50 x 6% = $60,000

Common Stock dividend = $160,000 - $60,000 = $100,000

Dividends per share

Preferred Stock dividend =  $60,000 ÷ 20,000 shares = $3.00

Common Stock dividend =  $100,000 ÷ 80,000 shares = $1.25

You might be interested in
What financial behaviors will typically lead to a low credit score?
levacccp [35]
The behavior that will typically lead to low credit score is <span>A. Maxed out credit cards
When people maxed out their credit cards, the credit card company will most likely to make additional charges before the balance is paid out. Maxed out credt cards would be interpreted as having uncontrollable consuming behavior and will result in low-credit card score.</span>
5 0
3 years ago
IBM manager Celia Moore coordinates IBM's long-standing "Reinventing Education" program that involves intensive research into ho
nirvana33 [79]

Answer: Triple bottom line

Explanation:

Triple bottom line is referred to as an or known as the accounting framework which tends to include three parts, i.e. environmental, social, and financial. Some of the organizations have been known to adopt the Triple Bottom Line framework in order to evaluate the performance in wider perspective i.e. to create the greater and larger business value.

4 0
2 years ago
What condition exists if you have a monthy soending deficit?
frez [133]
What is a soending defct
5 0
3 years ago
The emergency operations plan functions as a local law. True or false.. ?
aev [14]
The answer is False because they didn't plan functions as a local law..this is my opinion.

7 0
3 years ago
The Davis family grows organic vegetables to sell at a local farmer’s market. Which are factors that directly affect their profi
GenaCL600 [577]
The Davis family grows organic vegetables to sell at a local farmer’s market. Which are factors that directly affect their profit?

Answer: Since there are no options to select from I will mention the most important key factors that should be taken into consideration when you are growing organic vegetables. The field site selection is one. Field topography and finally management of soil in selection and quantity.

I hope it helps, Regards.
4 0
3 years ago
Read 2 more answers
Other questions:
  • A lessor is a party who acquires a right to the possession and use of goods under a lease.a) trueb) false
    12·1 answer
  • What is the difference between the supply and the quantity supplied of a product say milk?
    9·1 answer
  • Who typically implements strategy in large, multi-industry corporations?a. The board of directorsb. Top managementc. Middle mana
    10·1 answer
  • Farm subsidies account for approximately ________ of net agricultural income, making america's farmers among the most heavily su
    8·1 answer
  • If fixed costs increase, the break-even point in units will
    8·1 answer
  • A corporate charter specifies that the company may sell up to 20 million shares of stock. The company issues 12 million shares t
    7·1 answer
  • Consider two bonds, a 3-year bond paying an annual coupon of 5.90% and a 10-year bond also with an annual coupon of 5.90%. Both
    15·1 answer
  • You purchased 1,600 shares of Barrett Golf Corp. stock at a price of $36.70 per share. While you owned the stock,you received di
    7·1 answer
  • Auctio sells sprockets in a perfectly competitive market. Below are its short-run total variable costs at different output level
    6·1 answer
  • Mr. alvarez studied the soap products on the store shelf. he looked for products with a familiar logo. this is an example of whi
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!