Seacrest company has 25,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $5 par common stock. the following amounts were distributed as dividends: year 1 $18,800
year 2 10,000
year 3 37,500
determine the dividends per share for a class of stock with preferential rights over common stock. preferred and the stock outstanding when a corporation has issued only one class of stock. common stock
the stock outstanding when a corporation has issued only one class of stock.
for each year. round all answers to two decimal places. if an answer is zero, enter '0'.
preferred stock
(dividend per share) common stock
(dividend per share)
year 1 $ $
year 2 $ $
year 3 $ $

Milden company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. as an aid in planning, the company has decided to start using a contribution format income statement. to have data to prepare such a statement, the company has analyzed its expenses and has developed the following cost formulas: cost cost formula cost of good sold $35 per unit sold advertising expense $210,000 per quarter sales commissions 6% of sales shipping expense ? administrative salaries $145,000 per quarter insurance expense $9,000 per quarter depreciation expense $76,000 per quarter management has concluded that shipping expense is a mixed cost, containing both variable and fixed cost elements. units sold and the related shipping expense over the last eight quarters follow: quarter units sold shipping expense year 1: first 10,000 $ 119,000 second 16,000 $ 175,000 third 18,000 $ 190,000 fourth 15,000 $ 164,000 year 2: first 11,000 $ 130,000 second 17,000 $ 185,000 third 20,000 $ 210,000 fourth 13,000 $ 147,000 milden company’s president would like a cost formula derived for shipping expense so that a budgeted contribution format income statement can be prepared for the next quarter. required: 1. using the high-low method, estimate a cost formula for shipping expe