Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $36,000; 20Y2, $72,000; 20Y3, $162,000; 20Y4, $207,000; 20Y5, $261,000; and 20Y6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $10 par. Required: 1.  Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0". Year   Total Dividends Total Per Share Total Per Share 20Y1   $   36,000       $fill in the blank 1       $fill in the blank 2       $fill in the blank 3       $fill in the blank 4       20Y2   72,000       fill in the blank 5       fill in the blank 6       fill in the blank 7       fill in the blank 8       20Y3   162,000       fill in the blank 9       fill in the blank 10       fill in the blank 11       fill in the blank 12       20Y4   207,000       fill in the blank 13       fill in the blank 14       fill in the blank 15       fill in the blank 16       20Y5   261,000       fill in the blank 17       fill in the blank 18       fill in the blank 19       fill in the blank 20       20Y6   324,000       fill in the blank 21       fill in the blank 22       fill in the blank 23       fill in the blank 24                     $fill in the blank 25               $fill in the blank 26       Average annual dividend for preferred Average annual dividend for common 2.  Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.   3.  Assuming a market price per share of $155 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders’ investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. Round your answers to two decimal places. Preferred stock Common stock

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Dividends on Preferred and Common Stock

Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $36,000; 20Y2, $72,000; 20Y3, $162,000; 20Y4, $207,000; 20Y5, $261,000; and 20Y6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $10 par.

Required:

1.  Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".


Year
  Total
Dividends

Total

Per Share

Total

Per Share
20Y1   $   36,000       $fill in the blank 1       $fill in the blank 2       $fill in the blank 3       $fill in the blank 4      
20Y2   72,000       fill in the blank 5       fill in the blank 6       fill in the blank 7       fill in the blank 8      
20Y3   162,000       fill in the blank 9       fill in the blank 10       fill in the blank 11       fill in the blank 12      
20Y4   207,000       fill in the blank 13       fill in the blank 14       fill in the blank 15       fill in the blank 16      
20Y5   261,000       fill in the blank 17       fill in the blank 18       fill in the blank 19       fill in the blank 20      
20Y6   324,000       fill in the blank 21       fill in the blank 22       fill in the blank 23       fill in the blank 24      
              $fill in the blank 25               $fill in the blank 26    

 

Average annual dividend for preferred
Average annual dividend for common

2.  Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.

 

3.  Assuming a market price per share of $155 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders’ investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock.

Round your answers to two decimal places.

Preferred stock
Common stock
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Year
Dividends
Total
Per Share
Total
Per Share
20Y1
$ 36,000
$4
20Y2
72,000
20Υ3
162,000
20Y4
207,000
20Y5
261,000
20Y6
324,000
2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.
Average annual dividend for preferred
per share
Average annual dividend for common
per share
3. Assuming a market price per share of $155 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on
the average annual dividend per share (a) for preferred stock and (b) for common stock.
Round your answers to two decimal places.
Preferred stock
%
Common stock
%
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Transcribed Image Text:O Grades for Kirstin Kemp: ACCTG 1 X * My Home * CengageNOWv2 | Online teachin x b My Questions | bartleby x + A https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false K E Apps H Microsoft account .. Blackboard Learn H Log In or Register . S my.csudh.edu CSU. O myCB A+ Adaptive Math | Ad. O New In - Honeybum . Registrations ob MYGBCLAIM >> Homework: Chapter 12 O eBook Show Me How Year Dividends Total Per Share Total Per Share 20Y1 $ 36,000 $4 20Y2 72,000 20Υ3 162,000 20Y4 207,000 20Y5 261,000 20Y6 324,000 2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred per share Average annual dividend for common per share 3. Assuming a market price per share of $155 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. Round your answers to two decimal places. Preferred stock % Common stock % Check My Work Previous 10:15 PM P Type here to search 21 1/25/2021
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Blackboard Learn
Homework: Chapter 12
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I Show Me How
Dividends on Preferred and Common Stock
Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $36,000; 20Y2,
$72,000; 20Y3, $162,000; 20Y4, $207,000; 20Y5, $261,000; and 20Y6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of
30,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $10 par.
Required:
1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the
data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".
Preferred Dividends
Common Dividends
Total
Year
Dividends
Total
Per Share
Total
Per Share
20Υ1
$ 36,000
20Υ2
72,000
20Υ3
162,000
20Y4
207,000
20Y5
261,000
20Y6
324,000
2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.
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Transcribed Image Text:O Grades for Kirstin Kemp: ACCTG * My Home * CengageNOWv2 | Online teachin x b My Questions | bartleby + A https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false K E Apps H Microsoft account |.. H Log In or Register . O my.csudh.edu CSU. O myCB A+ Adaptive Math | Ad. O New In - Honeybum . Registrations MYGBCLAIM Blackboard Learn Homework: Chapter 12 O eBook I Show Me How Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $36,000; 20Y2, $72,000; 20Y3, $162,000; 20Y4, $207,000; 20Y5, $261,000; and 20Y6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $10 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share 20Υ1 $ 36,000 20Υ2 72,000 20Υ3 162,000 20Y4 207,000 20Y5 261,000 20Y6 324,000 2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places. Check My Work Previous 10:15 PM P Type here to search 21 1/25/2021
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