Yorkâs outstanding stock consists of 50,000 shares of cumulative 7.50% preferred stock with a $10 par value and also 125,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends.
2015 $ 30,000 2016 31,500 2017 77,500 2018 117,500
Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 2 decimal places.)
| Yorkâs outstanding stock consists of 50,000 shares of cumulative 7.50% preferred stock with a $10 par value and also 125,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. |
| 2015 | $ | 30,000 |
| 2016 | 31,500 | |
| 2017 | 77,500 | |
| 2018 | 117,500 | |
| Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 2 decimal places.) |
Related questions
Yorkâs outstanding stock consists of 80,000 shares of noncumulative 7.0% preferred stock with a $5 par value and also 140,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
2015 total cash dividends $ 16,500
2016 total cash dividends 26,000
2017 total cash dividends 275,000
2018 total cash dividends 425,000
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.)
| Par Value per Preferred Share | Dividend Rate | Dividend per Preferred Share | Number of Preferred Shares | Preferred Dividend | |
| Annual Preferred Dividend: | |||||
| Total Cash Dividend Paid | Paid to Preferred | Paid to Common | Dividends in Arrears at year-end | ||
| 2015 | $16,500 | ||||
| 2016 | 26,000 | ||||
| 2017 | 275,000 | ||||
| 2018 | 425,000 | ||||
| Total: | $742,500 | $0 | $0 |
Egyptian Enterprises has both common and preferred stock. Thereare 80,000 shares of $1 par common stock outstanding and 6,000shares of $8 par, 7% cumulative preferred stock outstanding. Thecompany did not pay any dividends in 2015. Distribute dividends toeach class of stockholders using the following information:
Year | Dividends Declared |
|---|---|
2016 | $6,000 |
2017 | $6,000 |
2018 | $6,000 |
Year | Preferred | Common |
|---|---|---|
2016 | ||
2017 | ||
2018 |
Halverstein Company's outstanding stock consists of 10,500shares of cumulative 5% preferred stock with a $10 par value and4,500 shares of common stock with a $1 par value. During the firstthree years of operation, the corporation declared and paid thefollowing total cash dividends.
| Dividend Declared | ||
| Year 1 | $ | 0 |
| Year 2 | $ | 9,000 |
| Year 3 | $ | 39,000 |
The amount of dividends paid to preferred and common shareholdersin Year 2 is:
Multiple Choice
$5,250 preferred; $3,750 common.
$4,500 preferred; $4,500 common.
$0 preferred; $9,000common.
$9,000 preferred; $0 common.
$6,300 preferred; $2,700 common.
