Determine the dividends per share on each class of stock

Assignment Help Accounting Basics
Reference no: EM133055372

Question - Dividends Per Share - Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common.

During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $74,000; third year, $80,000; fourth year, $110,000.

Determine the dividends per share on each class of stock for each of the four years.

Reference no: EM133055372

Questions Cloud

Traditional ways and electronic method : Discuss on the process of order entry involves with traditional ways and electronic method.
Calculate the over-all impact to the net profit : In this Problem, calculate the over-all impact to the net profit as a result of shortening its credit period and make a recommendation to the firm whether to ti
Benefits of digital authentication : The purpose of digital signatures is to provide authenticity to a document or a digital message. The messages or documents which use a digital signature, provid
Place of live customer service professionals : In your opinion - do you think companies rely on technology too much?
Determine the dividends per share on each class of stock : During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; Determine the dividends per share
Describe the specific metrics that measure traffic : Part A The term "metrics" is commonly used by digital marketers. Explain the meaning of the term.
Prepare the necessary journal entries over the life of bonds : The debt instrument is convertible into 50 000 ordinary shares with a par value of P 100. Prepare the necessary journal entries over the life of bonds
Article stating the effects of covid on malaysia : Summarize the below article stating the effects of COVID on Malaysia. The impact of COVID-19 on tourism industry in Malaysia by Lee-Peng Foo , Mui-Yin Chin , Ki
Prepare the necessary general journal entries : Prepare the necessary General Journal entries (Dr and Cr) to adjust the books of Alba Ltd to reflect the requirements of IFRS as at 30 June 2021

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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