Question

Sabas Company has 33,000 shares of $100 par, 3% preferred stock and 94,000 shares of $50...

Sabas Company has 33,000 shares of $100 par, 3% preferred stock and 94,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends:

Year 1:$561,000

Year 2:500,000

Year 3:599,000

Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places.

Dividends per shareYear 1Year 2Year 3

Preferred stock$$$

Common stock$$$

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

year a Dividend Distributed Dividend to preferred stock Dividend per preferred share Dividend to common stock Dividend per common share b c=33000*100*3% d=c/33000 e=b-c f=e/94000 shares 1 $ 5,61,000 99000 $ 3 $ 4,62,000 $ 4.91 2 $ 5,00,000 99000 $ 3 $ 4,01,000 $ 4.27 3 $ 5,99,000 99000 $ 3 $ 5,00,000 $ 5.32 Year 1 Preferred $ Common: $ Year 2 3 $ 4.91 $ Year 3 3 $ 4.27 $ 3 5.32

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Sabas Company has 34,000 shares of $100 par, 3% preferred stock and 85,000 shares of $50...
Sabas Company has 34,000 shares of $100 par, 3% preferred stock and 85,000 shares of $50 par common stock issued and outstanding. The following amounts were distributed as dividends: Year 1: $530,000 Year 2: 442,000 Year 3: 558,000 Determine the dividends per share for preferred and common stock for each year. If required, round your answers to two decimal places. Dividends per share Year 1 Year 2 Year 3 Preferred stock $ $ $ Common stock
Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of...
Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $22,500 Year 2 12,000 Year 3 45,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Common stock (Dividends...
Oceanic Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of...
Oceanic Company has 15,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 $56,300 20Y2 18,000 20Y3 67,500 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock (dividends per share) Common Stock (dividends per share) 20Y1 $ $ 20Y2 $ $ 20Y3 $ $
Sandpiper Company has 15,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of...
Sandpiper Company has 15,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $112,500 Year 2 22,500 Year 3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Windborn Company has 30,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of...
Windborn Company has 30,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: Year 1 $30,000 Year 2 6,000 Year 3 45,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Dividends Per Share Windborn Company has 10,000 shares of cumulative preferred 1% stock, $50 par and...
Dividends Per Share Windborn Company has 10,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $12,500 Year 2 4,000 Year 3 15,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $...
Dividends Per Share Sandpiper Company has 20,000 shares of cumulative preferred 2% stock, $50 par and...
Dividends Per Share Sandpiper Company has 20,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Year 1 $40,000 Year 2 16,000 Year 3 60,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock (dividends per share) Common Stock (dividends per share) Year 1 $ $...
Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of...
Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $225,000 Year 2 72,000 Year 3 270,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock (dividends per share) Common Stock (dividends per share) Year 1 $ $ Year 2 $...
Seacrest Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of...
Seacrest Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends: Year 1 $67,500 Year 2 18,000 Year 3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Common stock (Dividends...
Smith & Co. has 20,000 shares of 1% cumulative preferred stock of $100 par and 100,000...
Smith & Co. has 20,000 shares of 1% cumulative preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends. Year 1 $10,000, Year 2 $45,000, Year 3 $80,000 Determine the dividends per share for preferred and common stock for each year. Year 1 Year 2 Year 3 ____________________________________________________________ ____________________________________________________________ _____________________________________________________________ _____________________________________________________________ _____________________________________________________________ ____________________________________________________________
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT