Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $76,000; third year, $80,000; fourth year, $100,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $ 0.57 $ 0.63 $ 0.6 $ 0.6 Common stock (dividends per share) 0.00 0.09

Answer and Step-by-step explanation:

The computation of dividends per share on each class of stock for each of the four years is shown below:-

Particulars                1st year     2nd-year     3rd-year     4th year

Preferred dividend

paid a                         $34,000   $38,000    $36,000    $36,000

Number of preferred

stock b                       60,000     60,000       60,000       60,000

Dividend per share

(a ÷ b)                         $0.57       $0.63          $0.60             $0.60

Dividend paid to common

stockholders c               $0             $38,000    $44,000     $64,000

Number of common stock

shares d                       410,000     410,000     410,000     410,000

Dividend per share

on common stock        $0             $0.093        $0.11          $0.16

(c ÷ d)

Working note:

Preferred dividend = Number of preferred stock shares × Par value per share × Percentage of dividend

= 60,000 × $20 × 3%

= $36,000

Preferred stock

For 1st year

= $34,000

For 2nd-year

Dividend in year 2+ Dividend balance in year 1

= $36,000 + ($36,000 - $34,000)

= $38,000

For 3rd-year

= $36,000

For 4th year

= $36,000

Common stock dividend

Particulars                      1 year        2 year       3 year       4 year

Total dividend paid       $34,000  $76,000   $80,000     $100,000

Less:

Preferred stock

dividend                      $34,000      $38,000  $36,000     $36,000

Dividend paid to common

stockholders                 $0             $38,000    $44,000     $64,000

false

step-by-step explanation:

so firstly, we need to isolate the y variables to be able to solve these inequalities. firstly, add 0.5x on both sides of the first inequality and subtract 1.5x on both sides of the second inequality:

now since the slope is positive for the first inequality, this means that the line going upwards belongs to the first inequality, and the line going downwards belongs to the second inequality.

next, since y ≥ in the first inequality, this means that the shaded region will be above the first inequality's line, thus shading regions a and b.

next, since y ≤ in the second inequality, this means that the shaded region is going to be below this line, thus shading regions a and c.

since both lines shade region a, this means that region a is the solution.

step-by-step explanation:

mark brainliest!