Platinum Garde, Inc. has 50,000 shares of $1.50 cumulative preferred shares outstanding in addition to its common shares. Assume that in 2020, Platinum Garcia declares an annual dividend of $1,001,000 The allocation to preferred and common shareholders is as follows: (Click the icon to view the data.) Answer these questions about Platinum's cash dividends Requirements Requirement 1. How much in dividends must Platinum declare each year before the common shareholders receive any cash dividends for the year? Platinum Garde must declare dividends of each year before the common shareholders receive any cash dividends for the year. Requirement 2. Suppose Platinum declares cash dividends of S600 000 for 2020. How much of the dividends go to preferred? How much go to common? Class of shares 2020 Dividends Preferred Common Total Requirement 3. Are Platinum's preferred shares cumulative or non-cumulative? How can you tell? Platinum Garde's preferred shares are because preferred shares are y unless they are stated as Requirement 4. Platinum passed the preferred dividend in 2016 and 2019. Then in 2020 Platinum declares cash dividends of $1.100.000 How much of the dividends go to preferred? How much go to common? 2020 Dividends Enter any number in the edited and men continue to the next question Platinum Garde, Inc. has 50,000 shares of $1.50 cumulative preferred shares outstanding in addition to its common shares. Assume that in 2020, Platinum declares an annual dividend of $1,001,000. The allocation to preferred and common shareholders is as follows: (Click the icon to view the data.) Answer these questions about Platinum's cash dividends Requirements Requirement 2. Suppose Platinum declares cash dividends of $600,000 for 2020 How much of the dividends go to preferred? How much go to common? Class of shares 2020 Dividends Preferred Common Total Requirement 3. Are Platinum's preferred shares cumulative or non-cumulative? How can you toll? Platinum Garde's preferred shares are because preferred shares are unless they are stated as Requirement 4. Platinum passed the preferred dividend in 2018 and 2010 Then in 2020 Platinum declares cash dividends of $1,100,000. How much of the dividends go to preferred? How much go to common? 2020 Dividends Class of Shares Proformed Common Total Enter any number in the edit fields and then continue to the next question Platinum Garde, Inc has 50,000 shares of $150 cumulative preferred shares outstanding in addition to its common shares Assume that declares an annual dividend of $1,001,000 The allocation to preferred and common shareholders is as follows (Click the icon to view the data.) Answer these questions about Platinum's cash dividends Requirements In of the dividends go to preferred? How much Requirements - pu tell? 1. How much in dividends must Platinum declare each year before the common shareholders receive any cash dividends for the year? 2. Suppose Platinum declares cash dividends of $600,000 for 2020 How much of the dividends go to preferred? How much go to common? 3. Aro Platinum's preferred shares cumulative or non-cumulative? How can you tell2 4. Platinum passed the preferred dividend in 2018 and 2019 Then in 2020, Platinum declares cash dividends of S1, 100.000 How much of the dividends go to preferred? How much go to common? unless they are stated as Jatinum declares cash dividends of 51,100,000 Print Done Platinum Garde, Inc. has 50,000 shares of $1.50 cumulative preferred shares outstanding in addition to its co declares an annual dividend of $1,001,000. The allocation to preferred and common shareholders is as follow (Click the icon to view the data.) Data Table 0 a of the dividend $ Preferred dividend (50,000 shares x $1.50 per share), Common dividend (remainder $1.001.000 - $75,000) 75,000 926,000 $ 1,001,000 Total dividend tell? Print Done y unl Requirement 4. Platinum passed the preferred dividend in 2018 and 2019. Then in 2020Platinum declares dividends ao to preferred? How much go to common
