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Make dividend distribution chart

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Reference no: EM132508818

Point 1: A company has issued 10% Preferred Stock, @ Rs.100 par. 5,000 Authorized and 2,000 shares issued and outstanding.

Point 2: In the first three years Preference stock was "Cumulative" in nature and in the remaining years "NonCumulative" in nature. Preference stock is redeemable after 6 years.

Point 3: Company has also issued Common Stock @ Rs.10 par. 15,000 Authorized, issued and outstanding.

Point 4: Following are the dividends of the company for the last 6 years: Rs. 25,000, Rs.15,000, Rs. 40,000, Rs. 17,000, Rs. 25,000 and Rs. 30,000.

Question 1: What would be the 7th year Profit so that both Preference Stock Holder and Common Stock Holder will get the same total distributed profit with respect to previous year's distribution?

You are required to:

a. Make "Dividend distribution Chart"?

b. Cash Dividend is better than Stock Dividend. Comments?

Reference no: EM132508818

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