Reference no: EM132504636
Patterson Company has the following stock outstanding throughout the year's 20X7 and 20X8:
Preferred stock (8%, $10 par value, 30,000 shares)$300,000
Common Stock ($2 par value, 100,000 shares)$200,000
Paid in capital in excess of par, preferred stock$50,000
Paid in capital in excess of par, common stock $120,000
Point 1: 20X7 is the first year that Patterson has not declared dividends. Prior to 20X7 Patterson had always paid dividends in excess of the preferred stock dividends preference.
Question 1: Patterson declared a dividend of $35,000 during 20X8. Assuming the dividends are cumulative, what are Patterson's dividends in arrears as of 12/31/X8?
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Company weighted average cost of capital
: The bonds pay a 10% interest rate, and shareholders require a 5% return. What is the company's weighted average cost of capital (WACC)?
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Company weighted average cost of capital
: The bonds pay a 10% interest rate, and shareholders require a 15% return. What is the company's weighted average cost of capital (WACC)?
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What the stock should be accounted for as
: Capital contributions received by a company on the issuance of common stock in excess of the par value of the stock should be accounted for as
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What is the company weighted average cost of capital
: The bonds pay a 15% interest rate, and shareholders require a 10% return. What is the company's weighted average cost of capital (WACC)?
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What are patterson dividends in arrears
: Patterson declared a dividend of $35,000 during 20X8. Assuming the dividends are cumulative, what are Patterson's dividends in arrears as of 12/31/X8?
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Calculate after-tax cash flow at disposal
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What component cost of debt should be used
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How much should boy retained earning be adjusted at december
: Ignoring income taxes, by how much should Boy's retained earnings be adjusted at December 31, 2032? What Effect of Errors on Retained Earnings.
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After-tax and after-inflation rate of return
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