User Account

All Pages

How much would have been paid to each class of share

Assignment Help Financial Accounting
Reference no: EM132802634

Assume that MacGill Inc, paid out total cash dividends of the following amount at the end of each year:

Year, 2018, $252000 (Dividends)

Year, 2019, $600000 (Dividends)

Year, 2020, $750000 (Dividends)

problem 1: Assume that MacGill had $100,000 common share and 25000 shares non-cumulative preferred shares with a dividend rate of ^6 per share. How much would have been paid to each class of share in each of 2018, 2019, and 2020?

Reference no: EM132802634

Questions Cloud

Determine the polarity of bar magnet : You have an unmarked large bar magnet and you want to identify its north and south poles. Assume that the magnet is too heavy to show any effects from the Earth
Prepare the journal entries to record the issue of the bond : Prepare the journal entries to record the issue of the bond, the payment of interest on July 1, and the December 31 accrual entry.
Discuss one type of human exploitation : After everything you have learned, please search and select for ONE type of human exploitation of your choice (ex. human trafficking, child trafficking).
Draw an ap style free body diagram : Bob pushes a box across a rough inclined plane at an angle of 20 degrees to the horizontal at a constant speed of 1 m/s. The box has a mass of 30kg.
How much would have been paid to each class of share : Assume that MacGill Inc, paid out total cash dividends. How much would have been paid to each class of share in each of 2018, 2019, and 2020?
How much work does the gravitational force do on it : A certain satellite has a kinetic energy of 8 billion joules at perigee (closest to Earth) and 6 billion joules at apogee (farthest from Earth).
What net force actson the wagon horizontally : -A wagon having a mass of 91 kg is accelerated across a level road at .97m/s^2 what net force actson the wagon horizontally?
What is martins sale budget for the fourth quarter : What is Martins sale budget for the fourth quarter 2014. Martin is a retailer engaged in selling sumptuous desserts. Martin sells four products as of the moment
Discuss the challenges of using the court processes : Discuss the challenges of using these court processes and recommend possible solutions for improvement. Provide illustrative examples to support your position.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the journal entry to record the first fixed payment

1.On January 1, Seneca Asset Management enters into a contract with a client to provide fund management services for one year.

  What would be impact if the market indec increase

Can the Beat of a stock be negative? If the Beat of the stock of Drishti Fashions is Zero what would be its impact if the market indec increase by 0.5%

  What is the number of orders the company expects to receive

Tee Times, Inc. produces and sells the finest quality golf clubs in all of Moore County. The company has priced its Pinehurst No. 2 Series golf clubs at $600 per set. Normally, an order consists of one set of clubs. What is the number of orders the c..

  Consolidated income statement for the year

A consolidated income statement for the year ended 31 December 2019 and consolidated statement of financial position as at 31 December 2019.

  Calculate the current estimate of the covariance

Calculate the current estimate of the covariance between the assets. Suppose that the current daily volatilities of asset A and asset B are 1.65%

  How has the revenue and profits grown

Review the IPO document - S-1 and amendments. What were the key risks - were they significant enough to throw caution to the investing public?

  What is the carrying value of the bonds one year

HEDAYA Corporation issued $1,000,000 of 6%, 5-year bonds at 98, What is the carrying value of the bonds one year later on January 1, 2020?

  What variations of earnings per share numbers are required

For the Lee Corporation, What variations of earnings per share (EPS) numbers are required to be reported and at what amounts?

  Calculate the amount of cost of goods sold shown

Calculate the amount of cost of goods sold shown on THE Company's 2022 income statement. THE Company's 2022 statement of cash flows reported cash paid

  What will the total cost of the purchase be

APR, compounded monthly, to pay for a hotel stay totaling $613.47. She can pay $250 per month on the card. What will the total cost of this purchase be?

  Dividend be divided between the common and preferred stock

Mega, Inc., has common and 6 percent preferred stock outstanding as follows: Preferred stock: 10,000 shares, $100 par value, cumulative Common stock: 50,000 shares, $50 par value The company declares a total dividend of $225,000. If the dividends on ..

  What has happened to the real value of the yuan

What are the likely effects of the change in the yuan's real value on the dollar profits of a textile manufacturer that exports most of its output to the United States? What can it do to cope with these effects?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd