Annual dividends-total dividends and common stock

Assignment Help Auditing
Reference no: EM13114232

Qamar, Inc., did not pay dividends in 2012 or 2013, even though 41,700 shares of its 6.4%, $70 par value cumulative preferred stock were outstanding during those years. The company has 240,000 shares of $2 par value common stock outstanding.

a. Calculate the annual dividend per share obligation on the preferred stock. (Round your answer to 2 decimal places.)

Annual dividend per share =

b. Calculate the amount that would be received by an investor who has owned 170 shares of preferred stock and 260 shares of common stock since 2011 if a $0.35 per share dividend on the common stock is paid at the end of 2014. (Round your answer to the nearest whole dollar.)

Total dividends received =

Assume that you own 170 shares of $14 par value common stock of a company and the company has a 2-for-1 stock split when the market price per share is $42.

a. How many shares of common stock will you own after the stock split?

Shares of common stock =

b. What will probably happen to the market price per share of the stock?

The market price per share should remain same.

The market price per share should be half of what it was.

The market price per share should be double.

c. What will probably happen to the par value per share of the stock?

The par value per share will decrease.

The par value per share will remain same.

The par value per share will increase.

Please explain how you got your answer.

Reference no: EM13114232

Questions Cloud

What kind of stimulus is necessary for a synaptic tag : Describe synaptic tagging and capture in LTP. What kind of stimulus is necessary for new protein synthesis to occur? What kind of stimulus is necessary for a synaptic tag?
Historic cost-alternative measurement base : Historic cost should be replaced by an alternative measurement base in order to make financial statement more useful. Critically discuss this statement, concluding with whether or not you agree with it.
How do motor neurons find their proper connections : How do motor neurons find their proper connections during regrowth after injury? Name two signals(or cells) that help them find their old projections/connections.
Find value of the standard error of the sample mean : A random sample of n=9 men between 30-39 years old is asked to do as many sit ups as they can in one minute. The mean number is x=26.2 and the standard deviation is s=6. Find a 95% confidence interval for the population mean.
Annual dividends-total dividends and common stock : Calculate the amount that would be received by an investor who has owned 170 shares of preferred stock and 260 shares of common stock since 2011 if a $0.35 per share dividend on the common stock is paid at the end of 2014.
Find the momentum of a charge : find the momentum of a charge (3.2e-19) that moves perpendicular to a uniform magnetic field B of magnitude 0.20T and has radius of curvature of 4.0cm. Momentum=mv
Calculate the average atomic weight of argon : 3 isotopes of argon occur in nature. Ar-36, Ar-38, and Ar-40. The abundance of each are as follow: 0.34%, 0.07%, and 99.59%.
Find probability-random sample will complete transactions : Find the probability that a random sample of 50 customers will take between 90 and 112.5 minutes to complete all their transactions. That is, find the probability that will be between 1.8 and 2.25 minutes.
What is the energy of the second electron : an electron of energy 400eV moves at right angles to a uniform magnetic field along an arc of radius 2.0cm. A second electron moves at right angles to the field along an arc of radius 3.2cm. What is the energy of the second electron?

Reviews

Write a Review

Auditing Questions & Answers

  Audit of multifaceted special events

As an independent financial consultant, you have been hired to audit the books of a multifaceted special events organization. Upon examination of the records, you determine that management intentionally commingled funds between the different divis..

  Determining estimated uncollectible-adjusting entry

Determine the total estimated uncollectibles. Prepare the adjusting entry at March 31 to record bad debts expense.

  Management of accounts receivable and inventories

The North Carolina Furniture Company (NCFC) manufactures upholstered furniture, which it sells to various small retailers in the Northeast and Midwest on credit terms of 2/10, net 60. The company currently does not grant credit to retailers with a..

  Life-cycle costing-target pricing

What is life-cycle costing? Under what circumstances can it be most useful? What are some potential problems with this approach? What is target pricing? Under what circumstances can it be most useful? What are some potential problems with this approa..

  Explain type of audit

Show the reason for and the type of audit report that you would issue and consider that each item is significant.

  Establishing financial reporting parameters

What governing bodies are responsible for establishing financial reporting parameters? What is their purpose? Which body is the most important? Why?

  Internal control questionnaire

What is the general nature of the questions included in internal control questionnaires? Identify several advantages of using questionnaires to document the auditor's understanding of internal control.

  Different types of audits that can be performed

What are the different types of audits that can be performed? Identify and briefly describe one...there are several so several students can respond to this question with a unique answer.

  Sec registration audit

Discuss the implications of the IRS investigation , if any, relative to Marshall and Wyatt's examination of Interstate's 20X4 financial statements. Discuss any additional investigative procedures that the auditors should undertake or any audit jud..

  Prepare journal entries for pure company

Prepare journal entries for Pure Company for 2013 and 2014 assuming Pure uses the cost method to record its investment

  Relationships of cash in bank and transaction cycles

Describe the relationships between cash in the bank and transaction cycles. Where are you likely to gain the most accurate information?

  It support services-seasonal trends

Why and which seasonal period(s) might an IT support services system (help desk) need to be aware of? Limit yourself to one type of seasonal period that applies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd