Dividends per share payable to prefer and common

Assignment Help Financial Management

Reference no: EM13766340

Beagle Corporation has 23,000 shares of $10 par common stock outstanding and 17,000 shares of $100 par, 4.50% cumulative, non participating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $440,000 dividend will be paid. What are the dividends per share payable to prefer and common, respectively?

a) $4.50; $9.00

b) $13.50; $9.15

c) $4.50; $9.15

d) None of the above is correct.

Reference no: EM13766340

Questions Cloud

Prepare consolidated financial statements : The journal entries recorded by Magellan during 20X8 on its books if it accounts for its investment in Dipper using the equity method. The eliminating entries needed at December 31, 20X8, to prepare consolidated financial statements.

Potential major corporate investments : The process of selecting among potential major corporate investments is called capital budgeting. The goal of the capital budgeting decisions is to select capital projects that will decrease the value of the firm.

Market value of chief corporation on the date of declaration : On October 1, 2013, Chief Corporation declared and issued a 14% stock dividend. Before this date, Chief had 89,000 shares of $5 par common stock outstanding. The market value of Chief Corporation on the date of declaration was $10 per share. As a res..

Explain functions and role of law in business and society : Write a 700- to 1,050-word paper in which you define the functions and role of law in business and society. Discuss the functions and role of law in your past or present job or industry

Dividends per share payable to prefer and common : Beagle Corporation has 23,000 shares of $10 par common stock outstanding and 17,000 shares of $100 par, 4.50% cumulative, non participating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $440,000 divide..

Issues related to healthcare organizations : How important is it to implement these preventive practices in this segment of the population?

Computer-based order entry system : Your firm is contemplating the purchase of a new $575,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $59,000 at the end of that time. You will save $265,000 before..

Mcdonald global strategy : Generally speaking, many companies are interested in the potential cost savings of using the same product and promotional mix on a global basis.

Arithmetic returns and risk-premium of stocks : Calculate expected return, variance and standard deviation for individual stocks and portfolios and describing the key points of portfolio theory.

User Account

All Pages