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aev [14]
2 years ago
13

Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $95.50, b

ut flotation costs will be 10% of the market price, so the net price will be $85.95 per share. What is the cost of the preferred stock, including flotation
Business
1 answer:
never [62]2 years ago
4 0

The cost of the preferred stock including flotation is 13.37%.

Explanation:

The computation of the cost of the preferred stock is shown below:

= Annual dividend ÷ Price × (1 - flotation cost)

= $11 ÷ 87.50 × (1 - 0.06)

= $11 ÷ $82.25

= 13.37%

Hence, the cost of the preferred stock is 13.37%.

Learn more about flotation here :

brainly.com/question/13501786

#SPJ4

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While on a trip to South Africa, Elena was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbr
iren2701 [21]

Answer:

Before starting her import business, Elena should try to gather relevant information from companies that import goods, and if possible information about companies that import African goods.

Explanation:

Elena might be right about American consumers liking African products, but if importing those goods is too difficult, or is subject to several trade barriers, or some other issues, then Elena might have to reconsider her idea. Sometimes no matter how good a business idea is, if it is impractical to carry out, then t is useless.

6 0
4 years ago
Sally is in the business of purchasing accounts receivable. Last year Sally purchased an account receivable with a face value of
Simora [160]

Answer:

Shally will not having any amount of bad debt deduction for the present year.

Explanation:

In the present year, Shally will not having any amount of bad debt deduction because she has a gain or income of $5,000. As, last year she has account receivable of $60,000 but this year she settled the account by receiving the $65,000 amount. So, she has received more amount than the basis in the receivable. Therefore, she will not have any bad debt deduction this year.

8 0
4 years ago
Recently, businesses have experienced debate over ___________, the practice of discriminating against a dominant or majority gro
Gnom [1K]

The correct answer would be, Reverse Discrimination.

Recently, businesses have experienced debate over Reverse Discrimination, the practice of discriminating against a dominant or majority group of persons.  

Explanation:

When people or group of people who were discriminated against previously, are being favored, then this practice is known as the Reverse Discrimination.

For example, reverse discrimination can be caused in an organization where previously discriminated Muslims are now being preferred and hired by the company.

Similarly the same practice can be seen in the companies where females are now being hired(even though the males are more qualified for the job) who were previously discriminated against men.

Reverse Discrimination is not a fair practice, because it is still a Discrimination.

Learn more about Reverse Discrimination at:

brainly.com/question/8562925

#LearnWithBrainly

7 0
3 years ago
Read 2 more answers
for the past twenty years, curtis purchased its jewelry-cleaning kit components from evans’ suppliers, a local company that rece
TEA [102]

As a new Curtis hire, the first step in looking for a supplier is to explore priorities within your own company and find out which Curtis stakeholders, such as manufacturing and marketing, need a supplier.

Every organizational action comes from planning, there needs to be analysis, gathering of relevant information, evaluation of alternatives and therefore decision-making.

Therefore, the choice of a new supplier must be based on the company's needs, and the one that offers the best opportunity cost, the best price, service and quality must be chosen.

Learn more here:

brainly.com/question/12140930

8 0
3 years ago
A company received a bank statement with a balance of $ 6 comma 300. Reconciling items included a bookkeeper error of $ 400long
larisa [96]

Answer:

Bank adjusted balance 5,720

Explanation:

6,300

-840 outstanding check

+260 deposit in ransit

5,720 bank adjustment balance

<em><u>Notes:</u></em>

  • the bookkepper error needs to be done on books cash account
  • the service charge are included in the bank statemnt, is at adjustment to the book cash
  • the interest revenue is also 22 an adjustment for the book cash account
6 0
4 years ago
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