Barnes Air Conditioning Inc. has two classes of preferred stock: floating rate preferred stock and straight...

Barnes Air Conditioning Inc. has two classes of preferred stock: floating rate preferred stock and straight (normal) preferred stock. Both issues have a par value of $100. The floating-rate preferred stock pays an annual dividend yield of 4 percent, and the straight preferred stock pays 5 percent. Since the issuance of the two securities, interest rates have gone up by 1.00 percent for each issue. Both securities will pay their year-end dividend today.

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The flow rate of warm air into the air conditioning is 5,000 cfm. An air conditioning...

The flow rate of warm air into the air conditioning is 5,000 cfm. An air conditioning system takes outdoor air at 95 degrees F dry-bulb and 70% relative humidity, and discharges it at 60 degrees F dry-bulb and 95% relative humidity. The air conditioning system operates on a vapor compression cycle using R134a between 20 and 200 psia. Refrigerant enters the compressor at 20 degrees F and leaves the compressor at 180 degrees F. Refrigerant enters the evaporator coil at...

JC, Inc., has two classes of stock authorized: $100.00 par preferred and $0.01 par value common....

JC, Inc., has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of the beginning of 20XC, 1,000 shares of preferred stock and 700,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders’ Equity: Effect on Stockholders’ Equity 1-Mar Issue 500 additional shares of preferred stock for $102.00 per share 1-Apr Issue 100,000 additional shares of common stock for $15 per share 1-Jun Declare a cash dividend...

Goodings, Inc. has two classes of stock authorized: 8%, $20 par value preferred and $1 par...

Goodings, Inc. has two classes of stock authorized: 8%, $20 par value preferred and $1 par value common. The following transactions affect stockholders' equity during 2018, its first year of operations: February 2 - Issue 1 million shares of common stock for $20 per share. February 4 Issue 50,000 shares of preferred stock for $21 per share. June 15 Purchase 100,000 shares of its own common stock for $18 per share. August 15 Reissue 75,000 shares of treasury stock for...

McCool Air Conditioning Systems pays a dividend on its preferred stock every 6 months. Stock price...

McCool Air Conditioning Systems pays a dividend on its preferred stock every 6 months. Stock price today is $56.00. If the required rate of return is 8.5%, what is the semi-annual dividend paid by the company?

Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As...

Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2018, 150 shares of preferred stock and 1,600 shares of common stock have been issued. The following transactions affect stockholders’ equity during 2018: March 1 Issue 1,600 additional shares of common stock for $19 per share. April 1 Issue 150 additional shares of preferred stock for $26 per share. June 1 Declare a cash dividend on both common and...

National League Gear has two classes of stock authorized: 4%, $20 par preferred, and $5 par...

National League Gear has two classes of stock authorized: 4%, $20 par preferred, and $5 par value common. The following transactions affect stockholders’ equity during 2021, National League’s first year of operations: February 2 Issue 1.5 million shares of common stock for $35 per share. February 4 Issue 600,000 shares of preferred stock for $23 per share. June 15 Purchase 150,000 shares of its own common stock for $30 per share. August 15 Resell 112,500 shares of treasury stock for...

Cheyenne Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...

Cheyenne Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders’ equity. Preferred Stock, 152,200 shares $ 3,044,000 Common Stock, 2,039,000 shares 10,195,000 Paid-in Capital in Excess of Par—Preferred Stock 202,000 Paid-in Capital in Excess of Par—Common Stock 26,684,000 Retained Earnings 4,587,000 The following transactions affected stockholders’ equity during 2018. Jan. 1 32,600 shares of preferred stock issued at $23 per share. Feb....

Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common....

Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2018, 200 shares of preferred stock and 3,600 shares of common stock have been issued. The following transactions affect stockholders’ equity during 2018: March 1 Issue 1,000 shares of common stock for $38 per share. May 15 Purchase 600 shares of treasury stock for $31 per share. July 10 Reissue 100 shares of treasury stock purchased on May 15...

Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...

Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders’ equity. Preferred Stock, 150,000 shares $ 3,000,000 Common Stock, 2,000,000 shares 10,000,000 Paid-in Capital in Excess of Par—Preferred Stock 200,000 Paid-in Capital in Excess of Par—Common Stock 27,000,000 Retained Earnings 4,500,000 The following transactions affected stockholders’ equity during 2021. Jan. 1 30,000 shares of preferred stock issued at $22 per share. Feb....

Question 1 Bridgeport Company has two classes of capital stock outstanding: 7%, $20 par preferred and...

Question 1 Bridgeport Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders’ equity. Preferred Stock, 143,700 shares $ 2,874,000 Common Stock, 1,980,000 shares 9,900,000 Paid-in Capital in Excess of Par—Preferred Stock 209,000 Paid-in Capital in Excess of Par—Common Stock 26,891,000 Retained Earnings 4,544,000 The following transactions affected stockholders’ equity during 2021. Jan. 1 30,900 shares of preferred stock issued at $22 per...

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