1
answer
0
watching
111
views
28 Sep 2019
I THINK I HAVE THIS PROBLEM FIGURED OUT, EXCEPT THE ARREARS COLUMN.THANKS FOR YOUR TIME
John Dear Co. is a heavy equipment and lawn care productsmanufacturer located in Illinois. John Dear is publicly owned, andhas declared the following dividends over a six year period:
20X1, $ 760,000; 20X2, $ 1,250,000; 20X3, $ 0; 20X4, $ 3,020,000;20X5, $ 120,000; and 20X6, $ 1,000,000. During the entire period,the outstanding stock of the company was composed of 600,000 sharesof cumulative, nonparticipating 2%, $20 Par Preferred stock and2,000,000 shares of common stock, $ 5 par.
Calculate the total dividends and the per-share dividends declaredon each class of stock for each of the six years. There were nodividends in arrears on Jan. 1, 20X1.
Round to the nearest cent.
Preferred Dividends Common Dividends
Year Total Dividends Total Per Share Arrears Total Per Share
20X1 760,000 240,000 .40 520,000 .26
20X2 1,250,000 240,000 .40 1,010,000 .51
20X3 0 0 0 0 0
20X4 3,020,000 480,000 .80 2,540,000 1.27
20X5 120,000 120,000 .20 0 0
20X6 1,000,000 360,000 .40 640,000 .32
I THINK I HAVE THIS PROBLEM FIGURED OUT, EXCEPT THE ARREARS COLUMN.THANKS FOR YOUR TIME
John Dear Co. is a heavy equipment and lawn care productsmanufacturer located in Illinois. John Dear is publicly owned, andhas declared the following dividends over a six year period:
20X1, $ 760,000; 20X2, $ 1,250,000; 20X3, $ 0; 20X4, $ 3,020,000;20X5, $ 120,000; and 20X6, $ 1,000,000. During the entire period,the outstanding stock of the company was composed of 600,000 sharesof cumulative, nonparticipating 2%, $20 Par Preferred stock and2,000,000 shares of common stock, $ 5 par.
Calculate the total dividends and the per-share dividends declaredon each class of stock for each of the six years. There were nodividends in arrears on Jan. 1, 20X1.
Round to the nearest cent.
Preferred Dividends Common Dividends
Year Total Dividends Total Per Share Arrears Total Per Share
20X1 760,000 240,000 .40 520,000 .26
20X2 1,250,000 240,000 .40 1,010,000 .51
20X3 0 0 0 0 0
20X4 3,020,000 480,000 .80 2,540,000 1.27
20X5 120,000 120,000 .20 0 0
20X6 1,000,000 360,000 .40 640,000 .32
John Dear Co. is a heavy equipment and lawn care productsmanufacturer located in Illinois. John Dear is publicly owned, andhas declared the following dividends over a six year period:
20X1, $ 760,000; 20X2, $ 1,250,000; 20X3, $ 0; 20X4, $ 3,020,000;20X5, $ 120,000; and 20X6, $ 1,000,000. During the entire period,the outstanding stock of the company was composed of 600,000 sharesof cumulative, nonparticipating 2%, $20 Par Preferred stock and2,000,000 shares of common stock, $ 5 par.
Calculate the total dividends and the per-share dividends declaredon each class of stock for each of the six years. There were nodividends in arrears on Jan. 1, 20X1.
Round to the nearest cent.
Preferred Dividends Common Dividends
Year Total Dividends Total Per Share Arrears Total Per Share
20X1 760,000 240,000 .40 520,000 .26
20X2 1,250,000 240,000 .40 1,010,000 .51
20X3 0 0 0 0 0
20X4 3,020,000 480,000 .80 2,540,000 1.27
20X5 120,000 120,000 .20 0 0
20X6 1,000,000 360,000 .40 640,000 .32
Bunny GreenfelderLv2
28 Sep 2019