Determining Cash Dividends to Preferred and Common Shareholders Sinclair Company has outstanding 40,000 shares of $50 par value, 6% cumulative preferred stock and 100.000 shares of $10 par value common stock. The company declares and pays cash dividends amount- ing to $280,000. a. If there are no preferred dividends in arrears, how much in total dividends, and in dividends per share does Sinclair pay to each class of stock? b. If there are one year's dividends in arrears on the preferred stock, how much in total dividends, and in dividends per share, does Sinclair pay to each class of stock?

Determining Cash Dividends to Preferred and Common Shareholders Sinclair Company has outstanding 40,000 shares of $50 par value, 6% cumulative preferred stock and 100.000 shares of $10 par value common stock. The company declares and pays cash dividends amount- ing to $280,000. a. If there are no preferred dividends in arrears, how much in total dividends, and in dividends per share does Sinclair pay to each class of stock? b. If there are one year's dividends in arrears on the preferred stock, how much in total dividends, and in dividends per share, does Sinclair pay to each class of stock?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Determining Cash Dividends to Preferred and Common ShareholdersSinclair Company has outstanding 28,000 shares of $50 par value, 6% cumulative preferred stock and 70,000 shares of $10 par value common stock. The company declares and pays cash dividends amounting to $196,000.a. If there are no preferred dividends in arrears, how much in total dividends, and in dividends per share, does Sinclair pay to each class of stock? Total Dividends Dividends per Share Preferred shareholders: Answer Answer Common shareholders: Answer Answer b. If there are one year’s dividends in arrears on the preferred stock, how much in total dividends, and in dividends per share, does Sinclair pay to each class of stock? Total Dividends Dividends per Share Preferred shareholders: Answer Answer Common shareholders: Answer Answer
Subject: accounting
Calculate the preferred and common dividend per share (in $) for the company. (If there is no answer, enter NONE.) Company a personal electronics manufacturer Common Stock Shares 8,000,000 Preferred Stock Shares 1,000,000 Div. or Par $100 7% Cum. ho Dividend $6,000,000 Declared Arrears none $ Preferred Div./Share $ Common Div./Share
Calculate the preferred and common dividend per share (in $) for the company. (If there is no answer, enter NONE.) Company CommonStock Shares Preferred Stock Dividend Declared Arrears PreferredDiv./Share CommonDiv./Share Shares Div. or Par Cum. a personal electronics manufacturer 9,000,000 1,000,000 $100 6% no $5,000,000 none $
Assume that a company has the following information: Common Stock Information: # of shares issued and outstanding Par value per share 20,000 $9 Stockholders' Equity section of the Balance Sheet: Common Stock $180,000 Additional Paid in Capital Retained Earnings Total Stockholders' Equity $3,000,000 $4,820,000 $8,000,000 The company has the option of EITHER announcing a 3:1 stock split OR declaring a 200% stock dividend. Fill in the blanks below to show the stockholders' equity balances under each of these options. After After Current 3:1 200% Situation Stock Split Stock Dividend Common Stock Information: # of shares issued and outstanding 20,000 Par value per share $9 Stockholders' Equity section of the Balance Sheet: Common Stock $180,000 Additional Paid in Capital $3,000,000 Retained Earnings $4,820,000 Total Stockholders' Equity $8,000,000 II IIII
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2
Calculate basic and diluted EPS for the shareholders of company X. Company X reported earnings were 55.000.000 EUR of which 5.000.000 was attributable to minority shareholders. At the beginning of the period the company had 20.000.000 common shares outstanding. At the beginning of the fourth quarter the company issued new shares and the number of common shares outstanding increased to 24.000.000 Total amount for preferred dividends accounted for 8.000.000 EUR. Preferred shares are convertible to 5.000.000 common shares.
The owners' equity accounts for Mars International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owner's equity Please show the equity accounts will change if: a. The company declares a 5-for-1 stock split. How many shares are outstanding now? What is the new par value per share? b. The company declares a 1-for-4 reverse stock split. $20,000 210,000 587,300 $817,300 c. The balance sheet for Mars International is shown below in Market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Equity $817,300 Cash $ 99,660 Fixed assets 717,640 Total $817,300 Total $817,300 The company has declared a dividend of $1.45 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid? d. suppose the company has announced it is going to repurchase $17,400 worth of stock. What effect…
If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, O Common Stock will be credited for $75,000 O Paid-In Capital in Excess of Par will be credited for $9,000 Paid-In Capital in Excess of Par will be credited for $66,000 O Cash will be debited for S66,000
Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $4.14 per share. Preferred stock Common stock (300,000 shares at $0.93 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity a. Show the effects on the firm of a cash dividend of $0.20 per share. b. Show the effects on the firm of a 1% stock dividend. c. Compare the effects in parts a and b. What are the significant differences between the two methods of paying dividends? a. The balance in preferred stock after the $0.20 cash dividend is $ (Round to the nearest dollar.) $ 99,000 279,000 184,000 390,000 $952,000
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