Preferred stock, cumulative, $1.50 par, 10%, 50,000 shares issued $75,000 Common
ID: 2524562 • Letter: P
Question
Preferred stock, cumulative, $1.50 par, 10%, 50,000 shares issued $75,000 Common stock, $0.40 par, 9,210,000 shares issued 3,684,000 Preferred stock, cumulative, $1.50 par, 10%, 50,000 shares issued $75,000 Common stock, $0.40 par, 9,210,000 shares issued 3,684,000 Preferred stock, cumulative, $1.50 par, 10%, 50,000 shares issued $75,000 Common stock, $0.40 par, 9,210,000 shares issued 3,684,000Manufacturing has paid all preferred dividends only through 20132013. Requirement 1. Compute the total amounts of dividends to both preferred and common for 20162016 and 20172017 if total dividends are $ 60 comma 000$60,000 in 20162016 and $ 120 comma 000$120,000 in 20172017. Begin with 20162016. Compute the total amounts of dividends to both preferred and common for 20162016 if total dividends are $ 60 comma 000$60,000. Manufacturing has paid all preferred dividends only through 20132013. Requirement 1. Compute the total amounts of dividends to both preferred and common for 20162016 and 20172017 if total dividends are $ 60 comma 000$60,000 in 20162016 and $ 120 comma 000$120,000 in 20172017. Begin with 20162016. Compute the total amounts of dividends to both preferred and common for 20162016 if total dividends are $ 60 comma 000$60,000.
T-Mobile LTE 11:44 AM Do Homework-Jarod Costello www.mathxl.com Central Park Campus SPRING 2018 Homework: Homework Sconec 0 of pt E10-30A (similar to) Chapter 10 HW Score: 12.5%, 1 of8pis Requiremen 1. Conpuis the tota ?D
Explanation / Answer
Preferred stock, cumulative, $1.50 par, 10%, 50,000 shares issued $75,000
Dividend will be=1.50*10%*50,000 therefore each year dividend will be=7,500
total cash dividend paid paid to preferred paid to common stockholders 2016 $60,000 7,500 52,500 2017 $120,000 7,500 112,500