If no dividends are in arrears what are the book values per

Assignment Help Accounting Basics
Reference no: EM13602529

Razz Corporation's common stock is currently selling on a stock exchange at $175 per share, and its current balance sheet shows the following stockholders' equity section.

Preferred stock-5% cumulative, $___ par value, 1,000 shares
authorized, issued, and outstanding $ 85,000
Common stock-$___ par value, 4,000 shares authorized, issued,
and outstanding 140,000
Retained earnings 300,000

Total stockholders' equity $ 525,000

Required:
1. What is the current market value (price) of this corporation's common stock? (Omit the "$" sign in your response.)

Market price per share

2. What are the par values of the corporation's preferred stock and its common stock? (Omit the "$" sign in your response.)
Par value
Corporation's preferred stock
Corporation's common stock

3. If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock? (Round your answers to 2 decimal places. Omit the "$" sign in your response.)
Preferred stock Common stock Book value per share

4. If two years' preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock? (Round your per share amount to 2 decimal places. Omit the "$" sign in your response.)
Preferred stock Common stock Book value per share

5. If two years' preferred dividends are in arrears and the preferred stock is callable at $95 per share, what are the book values per share of the preferred stock and the common stock? (Round your answers to 2 decimal places. Omit the "$" sign in your response.)
Preferred stock Common stock Book value per share

6. If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $23,850, what total amount will be paid to the preferred and to the common shareholders? What is the amount of dividends per share for the common stock? (Round your per share amount to 2 decimal places. Omit the "$" sign in your response.)

Total amount paid to the preferred shareholders $
Total amount paid to the common shareholders $
Dividends per share for the common stock $

Reference no: EM13602529

Questions Cloud

What will be the relationship between total operating : chataqua can company manufactures metal cans used in the food-processing industry. a case of cans sells for 50. the
On january 1 2006 gless textiles issued 12 million of 9 : on january 1 2006 gless textiles issued 12 million of 9 10-year convertible bonds at 101. the bonds pay interest on
Jim takes a simple random sample of 15 from a very large : 1. jim takes a simple random sample of 15 from a very large population whose variance is unknown. she intends to
During the entire period ending dec 31 of each year the : during the entire period ending dec 31 of each year the outstanding stock of the company was composed of 20000 shares
If no dividends are in arrears what are the book values per : razz corporations common stock is currently selling on a stock exchange at 175 per share and its current balance sheet
Jan 4 applied 362400 of direct materials requisition no 670 : jan. 4 applied 3624.00 of direct materials and 8120 of direct labor time ticket no. 129 to job no. 403 which will
The length of time in minutes required to complete a series : 1. the length of time in minutes required to complete a series of physical therapy exercises is normally distributed
Retter shoe company has expected overhead costs of 12000000 : retter shoe company has expected overhead costs of 12000000. the majority of the overhead costs are incurred providing
In 2005 the average gpa for students was 315 a sample in : 1. in 2005 the average gpa for students was 3.15. a sample in 2008 showed that the average gpa for students was 3.46.

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