None In 2012, the board of directors of SweetBakery Corporation declared total dividendsof $46,000. The company has 1500 shares of2%, $80 par preferred stock. There are nodividends in arrears.How much of the $46,000 will be paid topreferred shareholders and how much willbe paid to common shareholders?

Step 1: Introduction to the Equity sharesOrdinary shares are another name for equity shares. They…

Answered: In 2012, the board of directors of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 5P

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According to a company press release, on January 5, 2012, Hansen Natural Corporation changed its name to Monster Beverage Corporation. According to Yahoo Finance, on that day the value of the company stock (symbol: MNST) was $15.64 per share. On January 5, 2018, the stock closed at $63.49 per share. This represents an increase of nearly 306%. A. Discuss the factors that might influence the increase in share price. B. Consider yourself as a potential shareholder. What factors would you consider when deciding whether or not to purchase shares in Monster Beverage Corporation today?
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Vicco Inc. has Assets of $296,155 and Liabilities of $81,959. The firm has 13,740 shares of stock outstanding. Then the board decides to pay a dividend of $12.80 per share. What is the value of Stockholders' Equity after the payment of the dividend?
Occidental Produce Company has 40,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.01 par value; the preferred stock is 4% noncumulative, with $100 par value. On October 15, 2015, the company declares a total dividend payment of $40,000. What is the total amount of dividends that will be paid to the common shareholders?
The Namleda Corporation has an income statement that indicates thatoperating income is $2,375,486 and pays interest of $100,000 and taxes of$900,000. The corporation currently has an average of 3 million shares ofcommon stock outstanding and 1 million shares of preferred stock, whichpays a dividend of $1.00 per share. What is the corporation’s approximateearnings per share?
Lighthouse Inc., a software development firm, paid a total of $75,000 in dividends in fiscal year 2020. For the year Lighthouse had 3,000 shares of cumulative preferred $6 stock, $15 par and 15,00o shares of common stock, $10 par isued. Lighthouse did not pay dividends in 2018, and 2019. Required: Determine how much each common shareholder and preferred shareholder will receive? Show Your Work:
As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 13,000 shares outstanding, and $1 par common stock with 64,000 shares outstanding. The preferred stock is cumulative and preferred stockholders last received a dividend in 2014. If the company wants to distribute $4 per share to the common stockholders in 2017, what is the total amount of dividends that the company must pay at the end of the current year? Select one: a. None of these are correct. X b. $256,000 c. $263,800 d. $258,600 e. $7,800
The shareholders' equity of Tru Corporation includes $600,000 of $1 par common stock and $1,200,000 par value of 6% cumulative preferred stock. The board of directors of Tru declared cash dividends of $150,000 in 2016 after paying $60,000 cash dividends in each of 2015 and 2014. Required: What is the amount of dividends common shareholders will receive in 2016? Show your computations. And show 2014, 2015 and 2016.

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