Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Michelangelo Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative 1%, preferred stock of $25 par, and 25,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,000; second year, $4,000; third year, $30,000; fourth year, $80,000. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to nearest whole cent. If no dividends are paid in a given year, enter "0".

1st Year 2nd Year 3rd Year 4th Year
Preferred $ $ $ $
Common $ $ $ $

1 yr p=.15 c=0 / 2 yr p=.20 c=0 / 3 yr p=.40 c=? / 4 yr p=.25 c=3.0

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9982728

Have any Question?


Related Questions in Accounting Basics

Question - the san bernardino county fair hires about 150

Question - The San Bernardino County Fair hires about 150 people during fair time. Their wages range from $6.75 to $8.00. California has a state income tax of 9%. Sandy Denny earns $8.00 per hour; George Barney earns $6. ...

Questions -q1 isaiah an nba point guard is advised by his

Questions - Q1. Isaiah an NBA point guard, is advised by his physician to install a Jacuzzi in his residence since he is afflicted with a back problem incurred after years of running up and down the court. The cost of in ...

Question - mary is employed by a large public company in

Question - Mary is employed by a large public company. In 2017, she was granted options to acquire 1,000 shares of her employer's common stock at a price of $23 per share. At the time the options were granted, the shares ...

Question - on may 1 2016 benzs sandwich shop loaned 14000

Question - On May 1, 2016, Benz's Sandwich Shop loaned $14,000 to Mark Henry for one year at 6 percent interest. Required - a. What is Benz's interest income for 2016? b. What is Benz's total amount of receivables at Dec ...

Question - adams madison needs 252800 in 10 yearshow much

Question - Adams Madison needs $252,800 in 10 years. How much must he invest at the end of each year, at 12% interest, to meet his needs? Adams Fillmore's lifelong dream is to own his own fishing boat to use in his retir ...

Question - 1 what is gross profit margin and what is net

Question - 1. What is gross profit margin and what is net profit margin? What are in the between the two? Give a few examples to explain the items between these margins, and show how to analyze these items for improvemen ...

Question - state your accounting method of choice and

Question - State your accounting method of choice and describe several types of business transactions you expect to incur. Explain how the transactions will impact your financial statements. How will the transactions inf ...

Question using the financial statements distributed in

Question: Using the Financial Statements distributed in Class and attached to this file folder, please complete a Statement of Cash Flow and a Free Cash Flow Analysis for 2017. Also, prepare an Additional Funds Needed (C ...

Revenue recognition - midwest health club mhc offers 1-year

Revenue Recognition - Midwest Health Club (MHC) offers 1-year memberships. Membership fees are due in full at the beginning of the individual membership period. As an incentive to new customers, MHC advertised that any c ...

Assignment - fifth cousin media caseinstructions download

Assignment - FIFTH COUSIN MEDIA CASE Instructions: Download ACC3313 FCM Template.xls from TRACS-Resourses-Part1. 1. Record the journal entries for all items (#1 - #28) in the GJ (General Journal) for Fifth Cousin Media L ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As