Homework Help Question & Answers

Þividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

Þividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. P

Þividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $48,000; 2012, $96,000; 2043, $216,000; 2014, $264,000; 2045, $348,000; and 2046, $420,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $20 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Total Dividends Year Total Per Share Total Per Share 20Y1 $ 48,000 48,000 $ X $ х $ 0 20Y2 96,000 96,000 X X 0 20Y3 216,000 216,000 х 0 ✓ 0 ✓ 2014 264,000 120,000 х х х 2015 348,000 120,000 х х х 20Y6 420,000 120,000 х х х 1. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred 4.00 per share Average annual dividend for common X per share 3. Assuming a market price per share of $303 for the preferred stock and $26 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for þreferred stock and (b) for common stock. Round your answers to two decimal places. Preferred stock X % Common stock X %
0 0
Next > < Previous
ReportAnswer #1

A D 1 2. Year 3 20Y1 4 20Y2 5 20Y3 6 2014 B C E F Preferred Dividends Common Dividends Total Dividends Total Per Share Total

А B с Preferred Dividends E F Common Dividends 1 2. Year 3 2041 4 2012 5 20Y3 6 2074 7 2045 Total Dividends 48000 96000 21600

Note: Preferred dividend = 30,000*4%*$100 = $120,000 Arrears in Year 1 = $120,000 - $48,000 = $72,000 Arrears in Year 2 = $12

Know the answer?
Add Answer of:
Þividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...
Your Answer: Your Name: What's your source?
Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $48,000; Year 2, $96,000; Year 3, $228,000; Year 4, $276,000; Year 5, $348,000; and Year 6, $420,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of cumulative preferred 3% stock, $100 par, and 100,000 shares...

  • Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared...

    Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $48,000; Year 2, $144,000; Year 3, $228,000; Year 4, $264,000; Year 5, $336,000; and Year 6, $420,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, 4% preferred stock, $100 par, and 100,000 shares of common stock, $10 par. Required:...

  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $40,000; 20Y2, $80,000; 20Y3, $190,000; 20Y4, $230,000; 2015, $280,000; and 2016, $360,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $10 par. Required:...

  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $24,000; Year 2, $72,000; Year 3, $108,000; Year 4, $138,000; Year 5, $174,000; and Year 6, $216,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 3% preferred stock, $100 par, and 100,000 shares...

  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $32,000; Year 2, $96,000; Year 3, $152,000; Year 4, $184,000; Year 5, $232,000; and Year 6, $280,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 4% preferred stock, $100 par, and 100,000 shares...

  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $32,000; Year 2, $96,000; Year 3, $152,000; Year 4, $184,000; Year 5, $232,000; and Year 6, $288,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of cumulative, 2% preferred stock, $100 par, and 100,000 shares...

  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $32,000; Year 2, $96,000; Year 3, $152,000; Year 4, $176,000; Year 5, $232,000; and Year 6, $288,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of cumulative, 2% preferred stock, $100 par, and 100,000 shares...

  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $32,000; Year 2, $96,000; Year 3, $144,000; Year 4, $176,000; Year 5, $232,000; and Year 6, $288,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 4% preferred stock, $100 par, and 100,000 shares...

  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a year period: Year 1, $32,000; Year 2, $96,000; Year 3, $144,000; Year 4,5184,000; Year 5, 5232,000; and Year 6, $280,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 4% preferred stock, 5100 per, and 100,000 shares of...

  • Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida...

    Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $32,000; 20Y2, $64,000; 2013, $144,000; 20Y4, $184,000; 20Y5, $232,000; and 2016, $280,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $20 par. Required:...

Free Homework App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.