Calculate average annual dividend per share for each class

Assignment Help Financial Accounting
Reference no: EM131222137

Love Theatre Inc. owns and operates movie theaters throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2011, $32,000; 2012, $96,000; 2013, $144,000; 2014, $184,000; 2015, $224,000; and 2016, $288,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 4% preferred stock, $100 par, and 100,000 shares of common stock, $15 par.

1. Calculate the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears on January 1, 2011. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".

2. Calculate the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.

3. Assuming a market price per share of $192 for the preferred stock and $21 for the common stock, calculate the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share for preferred stock and for common stock.

Round your answers to two decimal places.

Reference no: EM131222137

Questions Cloud

Prepare journal entries to record the production activities : Prepare journal entries to record the following production activities for Hotwax.
Selection methods barry ilaisa : Identify the selection methods Barry Ilaisa used for hiring salespeople? Did he go about using these methods in the best order? Explain your answer.
Improve employees performance : Question: Besides giving employees feedback, what other steps a manager can take to improve employees' performance?
How they can be computed efficiently in large databases : Give three additional commonly used statistical measures that are not already illustrated in this chapter for the characterization of data dispersion. Discuss how they can be computed efficiently in large databases.
Calculate average annual dividend per share for each class : Love Theatre Inc. owns and operates movie theaters throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2011, $32,000; 2012, $96,000; 2013, $144,000; 2014, $184,000; 2015, $224,000; and 2016..
Thought of as rude or inconsiderable : Common everyday incivities are those behaviors that are thought of as rude or inconsiderable. Incivilities generally fall into one of two categories: Physical and verbal.
What happens when a new account is opened : What happens when a new account is opened? Write SQL statement(s) to add data to the tables for a new account. (Go ahead, give yourself a million dollars!)
Data quality can be assessed in terms of several issues : Data quality can be assessed in terms of several issues, including accuracy, completeness, and consistency. For each of the above three issues, discuss how data quality assessment can depend on the intended use of the data, giving examples. Propos..
Habitual absentee and remains absent : Mrs. R is a habitual absentee and remains absent without any intimation and proper sanction of leave. Her absentee records show that she has remained absent from her duties without proper sanction of leave for 96 days

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Using cash from operations to repay long term debt

Upon review of Make Your? Mark, Inc.’s Statement of Cash? Flows, the following was? noted: using cash from operations to repay long term debt and purchase long term assets. selling long term assets to fund operations and pay dividends to shareholders..

  What happens to the interest rate and investment

Suppose the government increases taxes and government purchases equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Explain how your answer depends on the marginal propensity to consume.

  The following cost data pertain to 20x6 operations of

the following cost data pertain to 20x6 operations of heritage productsquarter 1 quarter 2 quarter 3 quarter 4 shipping

  Choose a public company in the food industry

Analyze the financial statements and assess whether the financial performance has improved or declined year-over-year.

  Prepare a budgeted income statement for quarter ended march

Prepare a budgeted income statement for the quarter ended March 31, 2017. Complete the three sections of the budgeted statement of cash flows, then compute the net increase in cash and the balance at March 31, 2017.

  Calculate total project savings and total project costs

Calculate total project savings and total project costs for 2013, 2014, and 2015 for Projects A and B and calculate net savings (utility), benefit/cost ratio, and ROI for Projects A and B

  Analysis of the stock values for both companies

Comparison of 10 year history of stock values for both Apple and Microsoft and aong with graphs for the ten year history, please include an analysis of the stock values for both companies.

  Social security benefits

Mr. Wilson is retired. He receives Social Security benefits of $24,400 this year. He also makes withdrawals of $27,000 from a traditional IRA and $6,000 from a Roth IRA. He has interest income from the US Treasury of $2,100. He owns two rental proper..

  Compared new equipment is information relevent to business

when a business is considering whether to replace old equipment with the newer equipment the original cost of the old -compared new equipment is information relevent to the business decisions?

  Expected net cash flows

Construct NPV profiles for Project A and B.

  Advanced accounting discussion prompt

In the intercompany transfer of depreciable assets, it is likely that the acquiring company may be making different use of the asset than did the seller. As such, the salvage value and/or the expected useful life of the asset may be changed. Is it ap..

  Define the governmental reporting entity

Does this material define the governmental reporting entity and name the primary government and all related component units included in the report?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd