Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please i need answer seventy-two inc., a devel

please i need answer Seventy-Two Inc., a developer of radiology equipment,...

90.2K

Verified Solution

Question

Accounting

please i need answer
image
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $73,000; third year, $80,000; fourth year, $120,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places, If no dividends are paid in a given year, enter " 0.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A social scientist would like to analyze the relationship between educational attainment (in years of higher...

Statistics
Q

Two physicians are finishing their rounds when a paramedic brings a patient in the emergency room....

Medical Sciences
Q

7. Construct a time series plot. Comment on what type of pattern exists in the data. Use a...

Physics
Q

According to DuBrin (2015), \"Early life experiences have a major impact on self-esteem\" (p. 55). A...

Psychology
Q

Write a for loop from 1 to 3 using i as the variable. For each value...

Electrical Engineering
Q

Question 4 Multiple Choice Worth 4 points 01 02 MC Ben uses a compass and...

Geometry
Q

Solve the compound inequality.6-x> 11 and 3x + 1 ?10Select the correct choice below and,...

Basic Math
Q

A study considered the question Are you a registered voter Accuracy of response was confirmed...

Statistics
Q

Find the first five terms of the geometric sequence given the first term and common...

Calculus
Q

Complete the following simplification.6 cis(47,000)/cis(47,000)= 6 cis_____

Algebra
Q

Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia: Three cubic...

Accounting
Q

You buy 700 shares of Quality Corp. for $34 per share on margin, with all...

Finance