Business, 01.07.2020 15:01 dontcareanyonemo

Chicago Company reported the following information at the end of the current year Common stock ($10 par value 37,000 shares outstanding $370,000
Preferred stock. 10% ( S 10 par value, 8200 shares outstanding) 82,000
Retained earnings 282,000
The board of directors is considering the distribution of a cash dividend to the two groups of stockholders No dividends were declared during the previous two years. Three independent cases are assumed
Case A The preferred stock is noncumulative, the total amount of dividends is $32.000
Case B The preferred stock is cumulative, the total amount of dividends is $24,600
Case C The pretend stock is cumulative, the total amount of all dividends is $90,200
Required:
compute the number of dividends, in total and per share, that would be payable to each class of stockholders tor each case (Round "dividends per share" to 2 decimal places.)

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:00

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 . c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

Answers: 2

Answer

Business, 22.06.2019 20:30

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

Answers: 3

Answer

Business, 22.06.2019 23:20

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?

Answers: 3

Answer

Business, 23.06.2019 00:00

What is a uniform law adopted by all states that facilitates business transactions?

Answers: 1

Answer

You know the right answer?

Chicago Company reported the following information at the end of the current year Common stock ($10...

Questions

Business, 23.03.2021 01:50

The Mighty Music Company produces and sells a desktop speaker for $100. The company has the capacity to produce 50,000 speakers each period. At capaci...