Question
Yukon bike corp. manufactures mountain bikes and distributes them through retail outlets in Canada. Montana, Idaho, Oregon, and Washington. Yukon Bike Corp. has declared the
Yukon bike corp. manufactures mountain bikes and distributes them through retail outlets in Canada. Montana, Idaho, Oregon, and Washington. Yukon Bike Corp. has declared the following annual dividends over a six-year period ending December 31 of each year: Year 1, $28,000; Year 2, $44,000; Year 3, $48,000; Year 4, $60,000; Year 5, $76,000; and Year 6, $140,000. During the entire period, the outstanding stock of the company was composed of 40,000 shares of 2% preferred stock, $65 par and 50,000 shares of common stock, $1 par.
Determine the total dividends and the per-share divideneds declared on each class of stock for each of the six years. Summarize the data in tabular form, using the following column headings: Year Total Dividends Preferred Divideneds (total, Per share) Common Dividends (total, Per share)
Year | Total dividends | Preferred dividends total | Preferred dividends per share | Common dividends total | Common dividends per share | ||
Year 1 | $28000 | ||||||
Year 2 | 44000 | ||||||
Year 3 | 48000 | ||||||
Year 4 | 60000 | ||||||
Year 5 | 76000 | ||||||
Year 6 | 140000 |
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