Reference no: EM133009144
Question 1 - The balance sheet caption for common stock is the following: Common stock, $2 par value, 2.950,000 shares authorized, 1.510,000 shares issued, 1.040,000 shares outstanding.
a) Calculate the dollar amount that will be presented opposite this caption.
b) Calculate the total amount of a cash dividend of $ 0.16 per share.
Question 2 - Rosie Inc did not pay dividends on its $6.50 par $57 value, cumulative preferred stock during 2018 or 2019, but had met its preferred dividend requirement in all prior years. Since 2014, 23.000 shares of this stock have been outstanding. Rosie Inc has been profitable in 2020 and is considering a cash dividend on its common stock that would be payable in December 2020.
a) Calculate the amount of dividends that would have to be paid on the preferred stock before a cash dividend could be paid on the common stockholders.
Question 3 - Calculate the annual cash dividends required to be paid for each of the following preferred stock issues;
a) $ 3.70 cumulative, no par value; 280.000 shares issued. The treasury stock caption of the stockholders equity section of the balance sheet indicates that 40.728 shares of this preferred stock issue are owned by the company. (Round your answer to 2 decimal places)
b) 4%, $30 par value preferred, 275.000 shares authorized, 152.000 shares issued, and 73.051 shares outstanding. (Round your answer to 2 decimal places).
c) 11.2% cumulative preferred, $120 stated value, $128 liquidating value, 58.000 shares authorized, 47.000 shares issued, 23.000 shares outstanding.
Question 4 - Retained earnings, December 31, 2019 = $340.100
Cost of building purchase during 2020 = 47.800
Net income for for the year ended December 31, 2020 = 55.100
Dividends declared and paid in 2020 = 32.900
Increase in cash balance from January 1, 2020 to December 31, 2020 = 23.500
Increase in long-term debt in 2020 = 44.200
-From the above data, calculate the retained earnings balance as of December 31, 2020
Question 5 - Assume that you own 142 shares of $14 par value common stock of a company and the company has 2-for-1 stock split when the market price per share is $42. How many shares of the common stock will you own after the stock split?
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