Compute the total dividends paid

Reference no: EM13131554

Norton's outstanding stock consists of (a) 13,000 shares of noncumulative 8% preferred stock with a $10 par value and (b) 32,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends.

2009..........$8000
2010..........$24,000
2011..........$120,000
1012..........$197,000

(i) Determine the amount of dividends paid each year to each of the two classes of stockholders. also, compute the total dividends paid to each class for the 4 years combined.

(ii) Use the data above to determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined.

Reference no: EM13131554

Questions Cloud

Determining normal and standard times : The two steps in preparing chocolate candy bars are molding and packaging. Personal fatigue and delay allowances are set at 15%. The molding machine operator is rated at 110% and the packer is rated at 80%.

Herodotus'' accounts : Herodotus describes several different key episodes in the Persian War. We have read descriptions of Marathon, Thermopylae and Plataea. Select one of these three episodes and discuss how Herodotus "spins" his narrative.

Determining magnitude of forces : A rectangular gate ABCD of mass 120kg where AB=1m and AD=3m is supported at A & B by pins where B is vertically above A. The reaction force at B is always horizontal.

What role does the aid play in our federal income tax : Explain the assignment of income doctrine (AID) and the fruit of the tree doctrine. What role does the AID play in our federal income tax system, and what could be done to avoid or reduce income taxes if the AID did not exist?

Compute the total dividends paid : Determine the amount of dividends paid each year to each of the two classes of stockholders. also, compute the total dividends paid to each class for the 4 years combined.

Probability snowball not strike anything else while falling : The snowball strikes the ground if it doesn't strike anything else while falling? (b) A man 1.9 m tall is standing 4 m from the edge of the barn. Will the snowball hit him?

What is the molarity of h3po4 : A solution of 0.264 M NaOH is used to neutralized 54.0 mL H3PO4 solutions. if 1.0 mL of NaOH is required to reach end point what is the molarity of H3PO4

Root mean square deviation : If there are 50 pieces of data which range from 0 to 100: With a mean of 60 and Root mean square deviation of 8 show that only 1 piece of data can equal 100

Double-declining-balance depreciation method : A. Depreciation expense for the year 2006 using the straight-line depreciation method. B. Depreciation expense assuming that the equipment is operated for 15,000 hours in 2006 and 12,000 hours in 2007. C. Using the double-declining-balance depreciati..

User Account

All Pages