What is the amount of dividends received

Assignment Help Accounting Basics
Reference no: EM132979914

Question - Novak Corp. has 6000 shares of 5%, $100 par value, cumulative preferred stock and 12000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $55800 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?

Reference no: EM132979914

Questions Cloud

What is the labor portion of the bid : A product has an average labor cost of $45/hr. If you include a 50% profit margin over your costs, what is the labor portion of the bid
What are earnings before interest for amazing brentwood inc : Determine the value of the terminal loss or recapture at the end of the year. Amazing Brentwood Inc bought a long-term asset for $100,000. The asset has a 30%.
What is the amount of compensation expense : At the beginning of Year 1, Bart Co. grants 200 stock options to each of its 400 employees. What is the amount of compensation expense
Find the WACC for the new project : The Warren Antique Car Company has an equity beta, b, of 0.8 and 40% debt in its capital structure. Find the WACC for the new project
What is the amount of dividends received : The board of directors declares and pays a $55800 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020
Calculate the manufacturing costs for each product : The machine will also reduce fixed set-up costs to $200,000. Calculate the manufacturing costs for each product if the machine is purchased
Determine the amount of interest to be capitalized by Mira : Loan A: $1,000,000 with 12% interest rate, due to mature on December 31, 2026. Determine the amount of interest to be capitalized by Mira Co. for 2023
What is the depreciation charge for this asset : An asset cost £500,000 on 1 July 20X1 and on that date was assessed to have a residual value of £40,000. What is the depreciation charge for this asset
Calculate the depreciation expense : The estimated life of the vehicle is 15 years and estimated residual value is $3,000. Calculate the depreciation expense using straight-line method

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