2 Ozark Distnbuting Compary is primarily engaged...
80.2K
Verified Solution
Question
Accounting
2
Ozark Distnbuting Compary is primarily engaged in the wholesale distnbution of consumer products in the Ozark Mountain regions The following disciosure note appeared in the company's 2024 annual report: Note 5 Converuble Preferred Stock in party The Company has the following Convertible Preferred Stock outstanding as of September 2024 The Preferred Stock is corivertble at any time by the holders into a number of shares of Ozark's common stock equal to the number of preferred shares being converted times a fraction equal to $20 divided by the corversion price. The conversion pices for the Preferred stock are subject to customary adjustments in the event of stock spits, stock dividends and certale cther distributions on the Common Stock Cumulative dividends for the Preferred Stock are payable in arrears, when, as, and if declared by the Board of Drectors, on March 31, June 30 . September 30 , and December 31 of each year. The Preferted Stock is optionally redeemabie by the Company beginning on vorlous dates, as listed above, ot redemption prices equal to 115 of the llquidation preference. The redempoon pnces decrease to annualy thereafter untir the redempton price equals the hauldation preference, after which date it remains the Aquidation preference Required: 1. What amount of dividends is poid annually to a preferred sharehoider owning 150 shares of the Senes A praferted stock? 2 if dividends are not paid in 2025 and 2026 , but are paid in 2027. what omount of dividends will the shareholder recelve? 3. If the investor chooses to convert the shares in 2025 , how many shares of common stock will the investor recelve for then 150 shares? 4. If O2ark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 150 shares? Complete this question by entering your answers in the tabs below. What amount of dividends is psid arnualy to a preferred shareholder owning 150 shares of the Series A prelerred stock? Notei Enter pererntage value in 3 Gecamalk The Preferted Stock is convertible at any time by the holders into d number of shares of Ozark's conimon stock equal to the number of areferted shares being converted times a fraction equal to $20 divided ty the convetsion price. The conversion pelctar for ifie Peeferind Stock are subject 10 customary ac, ustments in the eveat of stock splits, stock dividends and certain other distributions on the Common Stock Cumtiatwe dividends fot the Preferred Slock are payable in arreantw when, as, and if derlared by the floikd of Ditectors, on Marcti 31, June 30, September 30 , and Decentber 31 of oach year. The Prefetred Stock is optipnally redeemable by the Compary theginring din various dates, as listed above. at festenption prices equol liguidatign preference, atter which date it fermains the ligudiation pe eference: Required: Cemplete thes dae stinat lev interime yoar answeris in the tates below. If divsenifs are not pald in 2025 and 2026 , tuit are 0 . leye found your answet to If fiscimat Elack liguidation prefererice, after whell date it tersairs the layidation pedrience. Reguinet: sintincis2 139 theis? Fuft Whume yar aneners toy d memmar plates Directors, on March 31. June 30, September 30 , and December 31 of each year. The Preferred Stock is optionally redeemable by the Company beginning on various dates, as listed above, at redemption prices equal to 115 s of the liquidation preference. The redemption pices decrease 1% annanally thereafter until the redemption price equals the iquidation preference, after which date it remains the licuidation preference. Required: 1. What amount of dividends is pald annually to a prefered shareholder owning 150 shares of the Series A preferned stock? 2. If dividends are not paid in 2025 and 2026, but are pald in 2027, what amount of dividends will the shareholder receive? 3. If the investor chooses to convent the shares in 2025 , how many shares of common stock will the investor recelve for their 150 shares? 4. If Oratk chooses to redeem the shares on June 18, 2025, what amount will the investor be pald for their 150 shares? Complete this guestion by entering your answers in the tatis below. If Ozark chooses to redeen the shares on June 18,3025 , what amount will the investor be paid for their 150 sharrss? Note Roind thor Share Amounts' to 2 decimal ghaces escept percentage values. Ozalk Detributing Cocipary is primarily engaged in the wholesale distributbon of consumer products in the Orark Mountain regions: The following disclesiee note applared in the conipany/s 2024 annud report Note 5. Convertible Prelented Stock in part) The Compary has the following Converibie Preferied Stock outstanding as of September 2024 The Prefernd Stockis converibie at any time by the holden into a number of shares of Ozarks common stock equal to the mantser of prefered shares being converted times a fraction equal to $20 divided by the corversion price. The conversion prices for the Pvefetred Slock are subject to customary adjustiments in the event of stock splits, stock dividenits and centain other distaibutions on the Common Stock Cumblatwe dividends for the Prelened Stock are poyoble in anears, when as, and if dectared by ihe Board af Directars, on March 31, June 70 . Seplember 30 , and December 3 of eqch year. The Erelerred Stock is optionolly redeemable by the Company begirining oe various dates, as lis T.d above, at redemiption prices equal bquidation pebebence after which date if remains the liguadation preference. Required: 1. What amount of dividends 1 paid atinialiy to a peeferred sharehiolder owning 150 shaies of thig Seties A prelemed stock? Ozark Distnbuting Compary is primarily engaged in the wholesale distnbution of consumer products in the Ozark Mountain regions The following disciosure note appeared in the company's 2024 annual report: Note 5 Converuble Preferred Stock in party The Company has the following Convertible Preferred Stock outstanding as of September 2024 The Preferred Stock is corivertble at any time by the holders into a number of shares of Ozark's common stock equal to the number of preferred shares being converted times a fraction equal to $20 divided by the corversion price. The conversion pices for the Preferred stock are subject to customary adjustments in the event of stock spits, stock dividends and certale cther distributions on the Common Stock Cumulative dividends for the Preferred Stock are payable in arrears, when, as, and if declared by the Board of Drectors, on March 31, June 30 . September 30 , and December 31 of each year. The Preferted Stock is optionally redeemabie by the Company beginning on vorlous dates, as listed above, ot redemption prices equal to 115 of the llquidation preference. The redempoon pnces decrease to annualy thereafter untir the redempton price equals the hauldation preference, after which date it remains the Aquidation preference Required: 1. What amount of dividends is poid annually to a preferred sharehoider owning 150 shares of the Senes A praferted stock? 2 if dividends are not paid in 2025 and 2026 , but are paid in 2027. what omount of dividends will the shareholder recelve? 3. If the investor chooses to convert the shares in 2025 , how many shares of common stock will the investor recelve for then 150 shares? 4. If O2ark chooses to redeem the shares on June 18, 2025, what amount will the investor be paid for their 150 shares? Complete this question by entering your answers in the tabs below. What amount of dividends is psid arnualy to a preferred shareholder owning 150 shares of the Series A prelerred stock? Notei Enter pererntage value in 3 Gecamalk The Preferted Stock is convertible at any time by the holders into d number of shares of Ozark's conimon stock equal to the number of areferted shares being converted times a fraction equal to $20 divided ty the convetsion price. The conversion pelctar for ifie Peeferind Stock are subject 10 customary ac, ustments in the eveat of stock splits, stock dividends and certain other distributions on the Common Stock Cumtiatwe dividends fot the Preferred Slock are payable in arreantw when, as, and if derlared by the floikd of Ditectors, on Marcti 31, June 30, September 30 , and Decentber 31 of oach year. The Prefetred Stock is optipnally redeemable by the Compary theginring din various dates, as listed above. at festenption prices equol liguidatign preference, atter which date it fermains the ligudiation pe eference: Required: Cemplete thes dae stinat lev interime yoar answeris in the tates below. If divsenifs are not pald in 2025 and 2026 , tuit are 0 . leye found your answet to If fiscimat Elack liguidation prefererice, after whell date it tersairs the layidation pedrience. Reguinet: sintincis2 139 theis? Fuft Whume yar aneners toy d memmar plates Directors, on March 31. June 30, September 30 , and December 31 of each year. The Preferred Stock is optionally redeemable by the Company beginning on various dates, as listed above, at redemption prices equal to 115 s of the liquidation preference. The redemption pices decrease 1% annanally thereafter until the redemption price equals the iquidation preference, after which date it remains the licuidation preference. Required: 1. What amount of dividends is pald annually to a prefered shareholder owning 150 shares of the Series A preferned stock? 2. If dividends are not paid in 2025 and 2026, but are pald in 2027, what amount of dividends will the shareholder receive? 3. If the investor chooses to convent the shares in 2025 , how many shares of common stock will the investor recelve for their 150 shares? 4. If Oratk chooses to redeem the shares on June 18, 2025, what amount will the investor be pald for their 150 shares? Complete this guestion by entering your answers in the tatis below. If Ozark chooses to redeen the shares on June 18,3025 , what amount will the investor be paid for their 150 sharrss? Note Roind thor Share Amounts' to 2 decimal ghaces escept percentage values. Ozalk Detributing Cocipary is primarily engaged in the wholesale distributbon of consumer products in the Orark Mountain regions: The following disclesiee note applared in the conipany/s 2024 annud report Note 5. Convertible Prelented Stock in part) The Compary has the following Converibie Preferied Stock outstanding as of September 2024 The Prefernd Stockis converibie at any time by the holden into a number of shares of Ozarks common stock equal to the mantser of prefered shares being converted times a fraction equal to $20 divided by the corversion price. The conversion prices for the Pvefetred Slock are subject to customary adjustiments in the event of stock splits, stock dividenits and centain other distaibutions on the Common Stock Cumblatwe dividends for the Prelened Stock are poyoble in anears, when as, and if dectared by ihe Board af Directars, on March 31, June 70 . Seplember 30 , and December 3 of eqch year. The Erelerred Stock is optionolly redeemable by the Company begirining oe various dates, as lis T.d above, at redemiption prices equal bquidation pebebence after which date if remains the liguadation preference. Required: 1. What amount of dividends 1 paid atinialiy to a peeferred sharehiolder owning 150 shaies of thig Seties A prelemed stock
2





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: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.