subject
Business, 24.06.2019 23:50 MissSusan2253

Pecan theatre inc. owns and operates movie theaters throughout florida and georgia. pecan theatre has declared the following annual dividends over a six-year period: year 1, $80,000; year 2, $90,000; year 3, $150,000; year 4, $150,000; year 5, $160,000; and year 6, $180,000. during the entire period ended december 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative preferred 2% stock, $20 par, and 500,000 shares of common stock, $15 par. required: 1. determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. there were no dividends in arrears at the beginning of year 1. summarize the data in tabular form. if required, round your answers to two decimal places. if the amount is zero, enter "0".preferred dividends common dividendsyear totaldividends total per share total per shareyear 1 $ 80,000 $ $ $ $ year 2 90,000 year 3 150,000 year 4 150,000 year 5 160,000 year 6 180,000 $ $ 2. determine the average annual dividend per share for each class of stock for the six-year period. if required, round your answers to two decimal places. average annual dividend for preferred $ per shareaverage annual dividend for common $ per share3. assuming a market price per share of $25.00 for the preferred stock and $17.50 for the common stock, determine the average annual percentage return on initial shareholders’ investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. round your answers to two decimal places. preferred stock %common stock %

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:30
Claire wants to include animations in her presentation slides. which element of the presentation program’s interface will have the options for animation? claire should use the to include animations in her presentation slides.
Answers: 1
question
Business, 22.06.2019 11:40
Zachary company produces commercial gardening equipment. since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. the costs and cost drivers associated with the four overhead activity cost pools follow: activities unit level batch level product level facility level cost $ 64,800 $ 27,730 $ 15,000 $ 154,000 cost driver 2,400 labor hrs. 47 setups percentage of use 11,000 units production of 780 sets of cutting shears, one of the company’s 20 products, took 240 labor hours and 7 setups and consumed 15 percent of the product-sustaining activities. required: (a) had the company used labor hours as a company wide allocation base, how much overhead would it have allocated to the cutting shears? (b) how much overhead is allocated to the cutting shears using activity-based costing? (c) compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 780 units are produced. if direct product costs are $150 and the product is priced at 30 percent above cost for what price would the product sell under each allocation system? (d) assuming that activity-based costing provides a more accurate estimate of cost, indicate whether the cutting shears would be over- or underpriced if direct labor hours are used as an allocation base. explain how over-or undercosting can affect vaulker's profitability. (e) comment on the validity of using the allocated facility-level cost in the pricing decision. should other costs be considered in a cost- plus pricing decision? if so, which ones? what costs would you include if you were trying to decide whether to accept a special order?
Answers: 1
question
Business, 22.06.2019 14:30
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false
Answers: 1
question
Business, 22.06.2019 17:10
At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)
Answers: 3
You know the right answer?
Pecan theatre inc. owns and operates movie theaters throughout florida and georgia. pecan theatre ha...
Questions
question
Mathematics, 02.09.2020 01:01
question
Mathematics, 02.09.2020 01:01
question
Mathematics, 02.09.2020 01:01
question
Biology, 02.09.2020 01:01
question
Mathematics, 02.09.2020 01:01