**Pecan Theatre Inc. Dividend Analysis**Pecan Theatre Inc. operates movie theaters in Florida and Georgia. The company has declared the following annual dividends over six years: 20Y1, $32,000; 20Y2, $64,000; 20Y3, $144,000; 20Y4, $184,000; 20Y5, $232,000; 20Y6, $288,000. The outstanding stock includes 20,000 shares of cumulative, preferred 4% stock ($100 par) and 100,000 shares of common stock ($20 par).**Requirements:**1. **Total and Per-Share Dividends:** Determine the total and per-share dividends for each class of stock. No dividends were in arrears at the beginning of 20Y1. Enter answers to two decimal places; input "0" if necessary. | Year | Preferred Dividends | Common Dividends | |------|----------------------|------------------| | | Total | Per Share | Total | Per Share | | 20Y1 | | | | | | 20Y2 | | | | | | 20Y3 | | | | | | 20Y4 | | | | | | 20Y5 | | | | | | 20Y6 | | | | | | Total| | | | | 2. **Average Annual Dividend per Share:** Calculate the average annual dividend per share for both classes over the six-year period. Provide results to two decimal places. - Average annual dividend for preferred: $____ per share - Average annual dividend for common: $____ per share3. **Average Annual Percentage Return:** Given a market price of $230 for preferred stock and $25 for common stock, calculate the average annual percentage return for shareholders based on the average annual dividend per share: - Preferred stock: ____% - Common stock: ____% Answers should be rounded to two decimal places.

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Description: **Pecan Theatre Inc. Dividend Analysis**Pecan Theatre Inc. operates movie theaters in Florida and Georgia. The company has declared the following annual dividends over six years: 20Y1, $32,000; 20Y2, $64,000; 20Y3, $144,000; 20Y4, $184,000; 20Y5, $2

Given that, Pecan Theatre Inc.'s Annual dividend over six year period 20Y1 = $32000 20Y2 = $64000…

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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, $32,000; 20Y2, $64,000; 20Y3, $144,000; 20Y4, $184,000; 20Y5, $232,000; and 20Y6, $288,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $20 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 20Y1 $ 32,000 20Y2 64,000 20Y3 144,000 20Y4 184,000 20Y5 232,000 20Y6 288,000 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

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, $32,000; 20Y2, $64,000; 20Y3, $144,000; 20Y4, $184,000; 20Y5, $232,000; and 20Y6, $288,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $20 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 20Y1 $ 32,000 20Y2 64,000 20Y3 144,000 20Y4 184,000 20Y5 232,000 20Y6 288,000 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

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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