Answer:
b. 9.08%
Explanation:
Cost of preferred stock is the required rate of return by investors for providing capital to a company.
Formula for cost of preferred stock = Dividend / Price*(1-Flotation cost)
Dividend = $8.50
Price = $97.50
Flotation cost = 4% or 0.04 as a decimal
Next, plug in the numbers to the formula;
Cost of preferred stock = 8.50/ [97.50 (1-0.04)]
= 8.50 / 93.6
= 0.0908 or 9.08% as a percentage
I just took this test on e2020 an he answer is false
Answer:
Need the brainliest
Explanation:
One of the biggest concerns of people in need of the assistance of an attorney is how much it will cost. The type of fee arrangement that is available to a client will often have a lot to do with the type of legal issues you are bringing to your attorney. There are several common types of attorney fees and fee arrangements:
1. Consultation Fees: Some attorneys charge an upfront fee, usually on a flat rate basis, to meet with the attorney and determine whether s/he will be able to assist you with your legal issues. Many attorneys do not charge an initial consultation fee, but you will need to check in advance to make sure.
2. Contingency Fees: This is a favorite among personal injury and medical malpractice attorneys. The attorney's fee is based on a percentage of the amount awarded in a judgment or negotiated in the settlement of the case, while if you lose the case, the lawyer does not get a fee. However, should you lose, you will still often be required to pay expenses, so read your representation agreement carefully.
Answer:
estimated inventory is $395000
C is correct option
Explanation:
given data
Inventory = $300000
sales = $1300000
purchases = $875000
gross profit = 40%
to find out
estimated inventory
solution
we find estimated inventory by this formula
estimated inventory = Inventory + purchases - (100% - 40%)sale
put here all value
estimated inventory = 300000 + 875000 - (100% - 40%)1300000
estimated inventory = 300000 + 875000 - 780000
estimated inventory = 395000
so estimated inventory is $395000
C is correct option
