# Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares...

###### Question:

Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 3% stock, $20 par, and 38,000 shares of$100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $6,900; second year,$11,400; third year, $63,060; fourth year,$111,100. Calculate 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". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share)

#### Similar Solved Questions

Three friends, Jenna, Michael & Alice are debating whether an RRSP or a TFSA would be a better choice for them. Each of them is the same age and is saving for a goal that is 15 years into the future. Jenna has an income of $100,000, Michael has an income of$70,000 and Alice’s income is $4... 1 answer ##### 5 needs answered Question 3 5 out of 5 points Experimental enthalpy of formation data for... 5 needs answered Question 3 5 out of 5 points Experimental enthalpy of formation data for the compounds involved in the dissolution of calcium hydroxide are provided below. MWhat is the predicted AH® for the reaction Ca(OH)2(8) - Ca2+(aq) + 2OH(aq)? Report the answer in kj moll Ca(OH)2(5) Ca2+... 1 answer ##### 1. 2. 3. 4. 5. We were unable to transcribe this imageRequired 1. Compute the predetermined... 1. 2. 3. 4. 5. We were unable to transcribe this imageRequired 1. Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed elements 2. Prepare a standard cost card for the company's product. 3a. Compute the standard direct labor-hours allowed for the... 1 answer ##### What are the prime factors of 71? What are the prime factors of 71?... 1 answer ##### How many grams of solid ammonium bromidr should be added to a 2.00 L of a... how many grams of solid ammonium bromidr should be added to a 2.00 L of a .296 M ammonia solution to prepare a buffer with a pH of 8.460? grams of ammonium bromide=___g.... 1 answer ##### What is a reason for cannabis businesses to switch from an S corporation to a C... What is a reason for cannabis businesses to switch from an S corporation to a C corporation O A. Remove cash from the business with no tax effect O B. To take advantage of a flow through business structure O C. To avoid increasing wages for shareholders O D. To take advantage of the reduced corporat... 1 answer ##### Community Case: Health Literacy Case Part 1 Emesto, a 53-year-old Hispanic male, was admitted to the... Community Case: Health Literacy Case Part 1 Emesto, a 53-year-old Hispanic male, was admitted to the hospital with severe hyperglycemia and is now newly diagnosed with type 2 diabetes Ernesto's wife died 2 years ago, and he ves alone, ned door to his adult son, Marcos Emesto speaks little Englis... 1 answer ##### Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the... Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the company's performance, the company is thinking about dropping several flights that appear to be unprofitable. A typical income statement for one round-trip of one such flight (flight 482) is as follow... 1 answer ##### For the rod loaded axially as shown in the Figure, determine the axial displacement of the free end. Let E-30x 10s psi, A 2 in2, and L 60 in. Use the finite element stiffhess method. For... For the rod loaded axially as shown in the Figure, determine the axial displacement of the free end. Let E-30x 10s psi, A 2 in2, and L 60 in. Use the finite element stiffhess method. For the rod loaded axially as shown in the Figure, determine the axial displacement of the free end. Let E-30x 10s p... 1 answer ##### QUESTION 2 a. Factorize completely 16x4 y²m-32 mxb (1 mark) b. Using a scale 2 cm... QUESTION 2 a. Factorize completely 16x4 y²m-32 mxb (1 mark) b. Using a scale 2 cm to represent 1 unit on the x axis and 1 cm to represent 1 unit on the axis, draw the graph of the function f x)=x2-2x-3 for the domain-2<x<4 (6 marks) c. From the graph above determine I. II. The coordinates... 1 answer ##### How do I do this? Thank you so much for the help. I have numerous questions... How do I do this? Thank you so much for the help. I have numerous questions on my homework like this one so steps are much appreciated! When solutions of silver nitrate, AgNO3, and calcium iodide, CaI2, are mixed, a yellow precipitate of silver iodide is formed. Calculate the mass of silver iodide t... 1 answer ##### What are all of the gametes possible for the parental genotype: BbMMCc? What are all of the gametes possible for the parental genotype: BbMMCc?... 1 answer ##### 10. value: 10.00 points You can purchase a residential building lot for$90,000 cash, or for...
10. value: 10.00 points You can purchase a residential building lot for $90,000 cash, or for$20,000 down and quarterly payments of \$5000 for four years. The first payment would be due three months after the purchase date. If the money you would use for a cash purchase can earn 8% compounded quarter...