Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
| Year 1 | $90,000 |
| Year 2 | 30,000 |
| Year 3 | 180,000 |
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 '0'.
| Year 1 | Year 2 | Year 3 | |
| Preferred stock (Dividends per share) | $ | $ | $ |
| Common stock (Dividends per share) | $ | $ | $ |
In: Accounting
| Settlement Date= | 5/12/2013 | |
| Maturity Date= | 5/12/2023 | |
| Coupon Rate= | 8.000% | |
| Current Market Price= | 94.00 | |
| Redemption value at Maturity %= | 100 | |
| Coupon Pmts per year= | 2 | |
| Call Provision | ||
| Year | Call Price | Dates |
| Year 1 = | 105 | 5/12/2014 |
| Year 2 = | 104 | 5/12/2015 |
| Year 3 = | 103 | 5/12/2016 |
| Year 4 = | 102 | 5/12/2017 |
| Year 5 = | 101 | 5/12/2018 |
| YTM = | ||
| YTC (3) = | ||
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YTW = |
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| Please use excel for this | ||
In: Finance
Dividends Per Share
Oceanic Company has 25,000 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 | $168,800 |
| Year 2 | 45,000 |
| Year 3 | 337,500 |
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 '0'.
| Year 1 | Year 2 | Year 3 | |
| Preferred stock (Dividends per share) | $ | $ | $ |
| Common stock (Dividends per share) | $ | $ | $ |
In: Operations Management
Prepare journal entries to record the following transactions that occurred for this company in its second year of operations. • Year 2 sales on account: $5,700,000. • Year 2 collections of accounts receivable: $5,900,000. • Year 2 write-offs: $44,000 • Year 2 reinstatements and subsequent collections of reinstated accounts: $29,000 • 12/31/Y2: Year-end adjustment to record estimated uncollectible accounts at 4% of credit sales.
Directions: Prepare all journal entries, post to accounts, and show the year-end balance sheet presentation of accounts receivable. Calculate the NRV after each transaction listed above.
In: Accounting
Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.
a. $200 per year for 16 years at 16%.
b. $100 per year for 8 years at 8%.
c. $700 per year for 8 years at 0%.
d. Rework previous parts assuming they are annuities due.
Present value of $200 per year for 16 years at 16%: $
Present value of $100 per year for 8 years at 8%: $
Present value of $700 per year for 8 years at 0%: $
In: Finance
Dividends Per Share Windborn Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $120,000 Year 2 30,000 Year 3 180,000 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 '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Common stock (Dividends per share) $ $ $
In: Accounting
Value of a mixed stream For the mixed stream of cash flows shown in the following table, LOADING..., determine the future value at the end of the final year if deposits are made into an account paying annual interest of 13%, assuming that no withdrawals are made during the period and that the deposits are made:
1 30,300
2 25,250
3 20,200
4 10,100
5 5,050
a. At the end of each year.
b. At the beginning of each year.
a. The future value at the end of the final year if deposits are made at the end of each year is $
b. The future value at the end of the final year if deposits are made at the beginning of each year is $
In: Finance
Dividends Per Share
Oceanic Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
| Year 1 | $56,300 |
| Year 2 | 15,000 |
| Year 3 | 112,500 |
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 '0'.
| Preferred Stock (dividends per share) |
Common Stock (dividends per share) |
|
| Year 1 | $ | $ |
| Year 2 | $ | $ |
| Year 3 | $ | $ |
In: Accounting
Dividends Per Share
Windborn Company has 30,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:
| Year 1 | $67,500 |
| Year 2 | 36,000 |
| Year 3 | 135,000 |
Determine the dividends per share for preferred and common stockfor each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
| Preferred Stock (dividends per share) |
Common Stock (dividends per share) |
|
| Year 1 | $ | $ |
| Year 2 | $ | $ |
| Year 3 | $ | $ |
In: Accounting
Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.
a. $200 per year for 14 years at 8%.
b. $100 per year for 7 years at 4%.
c. $700 per year for 7 years at 0%.
d. Rework previous parts assuming they are annuities due.
-Present value of $200 per year for 14 years at 8%: $
-Present value of $100 per year for 7 years at 4%: $
-Present value of $700 per year for 7 years at 0%: $
In: Finance