Question

Fair mount inc a developer of radiology equipment has stock outstanding as follows: 15,000 shares of...

Fair mount inc a developer of radiology equipment has stock outstanding as follows: 15,000 shares of comulative preferred 4% stock, $150 par, and 50,000 shares of $15 par common during its first four years of operations the following amounts were distributed as dividends: first year $60,300; second year, $83,700; third year $150,500; fourth year $158,000.
Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year , enter 0.
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Cumulative Prefence Dividend to be paid = 15000*150*4% = $ 90000 Dividend Per Share
Year Dividends Declared Preference Dividend Common Dividend Unpaid Preference Dividend Preference Common
1 60300 60300 0 29700
(90000 - 60300)		 4.02
(60300/15000)		 0
2 83700 83700 0 36000
(29700 + 90000 - 83700)		 5.58
(83700/15000)		 0
3 150500 126000
(90000+36000)		 24500
(150500 - 126000)		 0 8.4
(126000/15000)		 0.49
(24500/50000)
4 158000 90000 68000
(158000 - 90000)		 0 6
(90000/22000)		 1.36
(68000/50000)
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
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative...
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 4% stock, $120 par, and 67,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $64,400; second year, $137,600; third year, $172,590; fourth year, $201,860. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends...
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative...
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 1% stock, $120 par, and 43,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $10,400; second year, $30,800; third year, $46,350; fourth year, $83,540. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends...
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative...
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $73,000; third year, $90,000; fourth year, $110,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends...
Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative...
Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative preferred 4% stock, $160 par, and 47,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $60,060; second year, $83,300; third year, $151,290; fourth year, $161,510. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends...
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative...
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par, and 405,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $74,000; third year, $100,000; fourth year, $100,000. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends...
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000...
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 1% stock, $130 par, and 63,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: First year, $16,530 Second year, $42,870 Third year, $68,600 Fourth year, $119,200. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000...
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 4% stock, $130 par, and 43,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $45,240; second year, $99,960; third year, $115,710; fourth year, $126,080. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000...
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $74,000; third year, $90,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,700...
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,700 shares of cumulative preferred 3% stock, $15 par, and 399,700 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,700 ; second year, $76,600 ; third year, $80,000 ; fourth year, $99,400 . Calculate the dividends per share on each class of stock for each of the four years. Round all answers...
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000...
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 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, $30,000; second year, $74,000; third year, $100,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT