Calculate the dividends per share on each class of stock

Assignment Help Accounting Basics
Reference no: EM132283985

Question - Dividends Per Share

Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 3% stock, $20 par, and 38,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $6,900; second year, $11,400; third year, $65,720; fourth year, $120,220.

Calculate 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".

Reference no: EM132283985

Questions Cloud

Essay on any one health assessment using gibbs reflective : Reflect on what you have learnt this semester related to a specific aspect of health assessment - what this will mean for you as a student on clinical
What is enlightened self-interest explain : Accounting Ethics and Governance - What is 'enlightened self-interest'? Explain. What is 'de-professionalisation' of accounting? Explain
What amount of installment accounts receivable : What amount of installment accounts receivable should be presented in Gamgee's 12/31/19 balance sheet
What amount of realized gross profit should be reported : Installment method of accounting to recognize income in its financial statement. What amount of realized gross profit should be reported on the income statement
Calculate the dividends per share on each class of stock : Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places
Calculate the overall effects of these transactions : Salaries owed to employees - $900. Calculate the overall effects of these transactions on the store's reported income for 2018
How the real interest rate will change : If the expected rate of inflation suddenly rises to 8.6%, what does Fisher's theory say about how the real interest rate will change
What is the transaction price and when recognized : The present value of the future payments is $510,700. What is the transaction price and when recognized
Determining the organization structure and flow of actions : B325 - Managing Across Organizational & Cultural Boundaries - Arab Open University - provide a critical discussion and refer to the course material

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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