Calgate Company had the following shares outstanding and retained earnings at the end of the current year: Preferred shares, 4% (par value $15; outstanding, 10,700 shares) $ 160,500 Common shares (outstanding, 37,000 shares) 635,000 Retained earnings 316,000 The board of directors is considering the distribution of a cash dividend to the two groups of shareholders. No dividends were declared during the previous two years. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of dividends is $52,400. Case B: The preferred shares are cumulative; the total amount of dividends is $67,000. Case C: Same as case B, except the amount is $99,500

The problem below, I am unsure where to start. Can you explain the formulas to calculate?  -- Chicago Company reported the following information at the end of the current year:        Common stock ( $10 par value; 49,000 shares outstanding) $ 490,000 Preferred stock, 15% ( $12 par value; 9,900 shares outstanding)   118,800 Retained earnings   290,500    The board of directors is considering the distribution of a cash dividend to the two groups of stockholders. No dividends were declared during the previous two years. Assume the three cases below are independent of each other.  Case A: The preferred stock is noncumulative; the total amount of all dividends is $40,500. Case B: The preferred stock is cumulative; the total amount of all dividends is $53,460. Case C: The preferred stock is cumulative; the total amount of all dividends is $91,900 .   Required: 1.  Compute the amount of dividends, in total and per share, that would be payable to each class of stockholders for…

The outstanding capital stock of Shamrock Corporation consists of 2,200 shares of $100 par value, 7% preferred, and 4,900 shares of $50 par value common.Assuming that the company has retained earnings of $88,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.(a) The preferred stock is noncumulative and nonparticipating. b) The preferred stock is cumulative and nonparticipating. (c) The preferred stock is cumulative and participating.

The records of Uluru Charters reflected the following balances in the stockholders' equity accounts at December 31, 2024: Common stock, par $12 per share, 43,500 shares outstanding. Preferred stock, 8 percent, par $17.00 per share, 6,610 shares outstanding. Retained earnings, $227,000. On January 1, 2025, the board of directors was considering the distribution of a $62,700 cash dividend. No dividends were paid during 2023 and 2024. Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions: a. The preferred stock is noncumulative. b. The preferred stock is cumulative. 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock?