I know there is a chart with the answer to this problem on this page, but I dont understand how the total and per share were found for this problem. I don't know how to do the division or multiplication for this problem. Are shares multiplied by the value of par or...? 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: Year 1, $80,000; Year 2, $90,000; Year 3, $150,000; Year 4, $150,000; Year 5, $160,000; and Year 6, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 par, and 500,000 shares of common stock, $15 par. 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 Year 1. Summarize the data in tabular form, using the following column headings:Year, Total Dividends,Preferred Dividends, Common Dividends, Total, Per Share, Total, Per ShareYear 1 $ 80,000 Year 2 90,000 Year 3 150,000 Year 4 150,000 Year 5 160,000 Year 6 180,000
I know there is a chart with the answer to this problem on this page, but I dont understand how the total and per share were found for this problem. I don't know how to do the division or multiplication for this problem. Are shares multiplied by the value of par or...?
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: Year 1, $80,000; Year 2, $90,000; Year 3, $150,000; Year 4, $150,000; Year 5, $160,000; and Year 6, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative,
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 Year 1. Summarize the data in tabular form, using the following column headings:
Year, Total Dividends,
Preferred Dividends, Common Dividends, Total, Per Share, Total, Per Share
Year 1 $ 80,000
Year 2 90,000
Year 3 150,000
Year 4 150,000
Year 5 160,000
Year 6 180,000
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