Calculate the average annual dividend per share for each

Assignment Help Accounting Basics
Reference no: EM13584740

Partridge Theatre Inc. owns and operates movie theaters throughout Texas and Oklahoma. Partridge Theatre Inc. has declared the following annual dividends over a six-year period: 2009, $18,000; 2010, $40,000; 2011, $80,000; 2012, $120,000; 2013, $150,000; and 2014, $228,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of cumulative, preferred 1% stock, $75 par, and 200,000 shares of common stock, $5 par. Required: 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, 2009. 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 $125 for the preferred stock and $7.60 for the common stock, calculate the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock.

Reference no: EM13584740

Questions Cloud

A 4 cm diameter vertical cylinder is sealed at the top by a : a 4 cm diameter vertical cylinder is sealed at the top by a frictionless piston. the piston is23 cm above the bottom of
Serta carpet which manufactures carpet incurred the : serta carpet which manufactures carpet incurred the following costs for march when 2600 yards of carpet were produced
Progo plans to sell 1200 carriers next year and has : progo plans to sell 1200 carriers next year and has budgeted sales of 48000 and profits of 20000. variable costs are
In a random sample of 400 residents of chattanooga 320 : in a random sample of 400 residents of chattanooga 320 residents indicated that they voted for the democratic candidate
Calculate the average annual dividend per share for each : partridge theatre inc. owns and operates movie theaters throughout texas and oklahoma. partridge theatre inc. has
If your company follows the principle of management by : if your company follows the principle of management by exception which of the following departures from the budget
Upstream of a normal shock in air the pressure is 147 psia : upstream of a normal shock in air the pressure is 14.7 psia and the temperature is 528r. downstream of the shock the
Abc airlines has calculated the total costs fixed and : abc airlines has calculated the total costs fixed and variable for the passenger service flights between los angeles
What are the five basic principles of cash management that : 1. use this information to prepare a cash budget for the months of may and june using the template provided in doc

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Forecast the separate financial statements

Forecast the separate financial statements of Parent, Inc. Using Ms. Franklin's assumptions and Parent's 2008 financial statements, prepare pro forma 2009 financial statements for Parent, Inc., assuming that the acquisition is not attempted.

  Organizations use a variety of performance measures to

organizations use a variety of performance measures to evaluate managers. central to the idea ofresponsibility

  Budgeted costs of goods

The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year 2010 are as follows: January 1 finished goods, $765,000; December 31 finished goods, $640,000; cost of goods sold for the year, $2,560,000. The b..

  In 2012 the sales revenue was 100 cost of goods sold 60

in 2012 the sales revenue was 100 cost of goods sold 60 depreciation 15 and net income 12. 1112 balances on current

  Variable costs as a percentage of sales

Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?

  At the end of the current year accounts receivable has a

at the end of the current year accounts receivable has a balance of 750000 allowance for doubtful accounts has a debit

  For this textbook edition the rate 06 was used for the futa

note for this textbook edition the rate 0.6 was used for the futa tax rate for employers. the following unemployment

  Rs is a small retailer located in a tourist district the

rs is a small retailer located in a tourist district. the company purchase their building 11 years ago at a cost

  Macys inc formerly federated department stores inc operates

macys inc. formerly federated department stores inc. operates more than 880 department and furniture stores under the

  The manager of sensible essentials conducted excellent

the manager of sensible essentials conducted an excellent seminar explaining debt and equity financing and how firms

  Determine the present value of the lease payments

Determine the present value of the lease payments

  Lauer company reported net income of 66800 on sales of

lauer company reported net income of 66800 on sales of 300000. the company has total assets of 500000 and total

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