Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dividends Per Share Seacrest Company has 30,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following

image text in transcribed
image text in transcribed
image text in transcribed
Dividends Per Share Seacrest Company has 30,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $337,500 Year 2 108,000 Year 3 405,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o' Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 Year 2 Year 3 Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 82,000 shares of cumulative preferred 4% stock, $15 par, and 399,100 shares of $26 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $57,000 ; second year, $77,500; third year, $81,100; fourth year, $100,600 Calculate the dividends per share on each dass of stock for each of the four years, Round all answers to two decimal places. If no dividends are paid in a given year, enter "0 1st Year 2nd Year 3rd Year Preferred stock (dividends per share) 4th Year Common stock (dividends per share) Effect of Stock Split Willey's Grill & Restaurant Corporation Wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 24,000 shares of common stock outstanding, declared a 2-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $144 per share before the stock split, what would be an approximate market price per share after the split? per share

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bio Technology Audit In Hungary Guidelines Implementation Results

Authors: Ulrike Bross, Annamaria Inzelt, Thomas Reiß

1st Edition

3790810924, 978-3790810929

Students also viewed these Accounting questions

Question

What is a seal of assurance?

Answered: 1 week ago