Calculate the dividends per share

Reference no: EM13135705

Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 3%, preferred stock of $20 par, and 38,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $6,900; second year, $9,600; third year, $68,660; fourth year, $124,020.

Calculate the dividends per share on each class of stock for each of the four years. Round all answers to nearest whole cent. If no dividends are paid in a given year, enter 0.

Reference no: EM13135705

Questions Cloud

How many units must racer sell in order to break even : A new employee suggests that Racer Industries sponsor a company 10-K as a form of advertising. The cost to sponsor the event is $7,200. How many more units must be sold to cover this cost?

What is a stock split and what effect does it have on : What is a stock split and what effect does it have on the company’s stock? What effect will it likely have on the market value of the company’s stock?

Calculate the energy in j of a photon : Calculate the energy in J of a photon in the radar region of the electromagnetic spectrum that has a wavelength of 24.3 cm. Express answer in scientific notation.

Word paper on "is homosexual marriage acceptable". : writing a 1000 word paper on "Is Homosexual marriage acceptable".

Calculate the dividends per share : Calculate the dividends per share on each class of stock for each of the four years. Round all answers to nearest whole cent. If no dividends are paid in a given year, enter 0.

Find sales representatives in pharmaceutical industry sample : If you must estimate the population mean within 2 days, how many sales representatives in the pharmaceutical industry should you sample? Use the 90% confidence interval.

How much cash did haden receive from its customers : Haden Inc. had cash sales of $300,000 and credit sales of $1,050,000. The accounts receivable balance increased $15,000 during the year. How much cash did Haden receive from its customers during the year?

Calculate the frequency in s-1 of the photon : A mole of photons in the blue visible region of the electromagnetic spectrum has an energy of 2.54 × 10 2 kJ/mol, calculate the frequency in s-1 of the photon.

What was the net income of the financial brokers partnership : Shue, a partner in the Financial Broker Partnership, has a 30% share in partnership profits and losses. Shue's capital account had a net decrease of $100,000 during 2003. During 2003, Shue withdrew $240,000 as withdrawals and contributed equipment..

User Account

All Pages