Reference no: EM13919936
JMH has the following stock outstanding:
Preferred, 5%, $100 par value, 2,000 shares
Common, $60 par value, 5,000 shares
Compute the amount of dividends per share payable to each class of stock for each independent case. Show computations.
|
|
Per Share
|
Per Share
|
|
Preferred Stock Provisions
|
Preferred
|
Common
|
|
A) Preferred is noncumulative and nonparticipating.
Dividends declared, $40,000
|
5.00
|
6.00
|
|
B) Preferred is cumulative and nonparticipating: in arrears 3 years (in addition to the current year). Dividends declared, $65,000
|
20.00
|
5.00
|
|
C) Preferred is cumulative, in arrears 3 years (in addition to the current year. Dividends declared, $75,000
|
24.00
|
5.40
|
Total par: common = $300,000 (60%) preferred = $200,000 (40%)
Preferred: $200,000 x 5% = $10,000/2,000 = $5.00
Common: $40,000 - $10,000 = $30,000/5,000 = $6.00
Preferred: $30,000 + $10,000 = $40,000/2,000 = $20.00
Common: $65,000 - $40,000 = $25,000/5,000 = $5.00
Preferred: $30,000 + $10,000 + $8,000(ii) = $48,000/2,000 = $24.00
Common: $15,000(i) + $12,000(iii) = $27,000/5,000 = $5.40
5,000 x $60 x 5%
75,000 - (30,000 - 10,000) - 15,000 = 20,000; 20,000(.40) = 8,000
20,000(.60) = 12,000
|
Strategic viewpoint of game theory
: The "Prisoner's Dilemma" was the gateway to the strategic viewpoint of game theory. In this assignment, you will explore the applications of game theory to economic business decisions.
|
|
What are the different sources of power and find examples
: What are the different sources of power? Find examples! Can this concept be applied to areas other than industrial-buying decisions?
|
|
Confidence interval for the mean amount stolen
: Find and interpret a 95% confidence interval for the mean amount stolen. Find and interpret a 95% confidence interval for the mean number of bank staff present at the time of robberies.
|
|
Discuss effects on emc''s planning and operating processes
: Discuss the effects on EMC's planning and operating processes if EMC implements a "demand pull" production system. Identify and describe at least five benefits to EMC that should result form the demand pull" production operating approach
|
|
Dividends per share
: JMH has the following stock outstanding-Preferred, 5%, $100 par value, 2,000 shares-Common, $60 par value, 5,000 shares-Compute the amount of dividends per share payable to each class of stock for each independent case.
|
|
Strategic viewpoint of game theory
: The "Prisoner's Dilemma" was the gateway to the strategic viewpoint of game theory. In this assignment, you will explore the applications of game theory to economic business decisions.
|
|
How do we appear from the view of the shareholder
: How do we appear from the view of the shareholder? Customer perspective: How can we best serve our customers? How do we position ourselves on the market?
|
|
Create a multiple regression model
: Create a multiple regression model, based on your analysis above. Try to find the model that has the highest adjusted R-square value for predicting the number of Olympic medals won by a country.
|
|
Define validaty and reasonableness of letgo sales projection
: What should Letsgo use to measure performance for each of the managers in the case? What bonus system would you suggest that incorporates these measures and also encourages the managers to work as a team?
|