1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mkey [24]
3 years ago
11

SEU Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.88 every year in perpetuity. If the req

uired return is 4.69 percent, what is the current stock price
Business
1 answer:
ZanzabumX [31]3 years ago
5 0

Answer:

Current stock price = $1.040

Explanation:

We know,

Current preferred stock price = Preferred dividend ÷ Expected rate of return

Given,

Expected rate of return = 4.69%

Preferred dividend = $4.88

Current preferred stock price = ?

Putting the values into the formula, we can get

Current preferred stock price = $4.88 ÷ 4.69%

Or,Current preferred stock price = $1.040.

Therefore,  the current preferred stock price is $1.040.

You might be interested in
Cash dividends paid on capital stock would be reported in the statement of cash flows in a.the Cash flows from investing activit
Basile [38]

Answer: The answer is c.the Cash flows from financing activities section

Explanation: Cash flows from financing activities section of the statement of cash flows provides an insight on how the company is funded. It shows the net cash flows used in funding the company. Transactions that appear under that section comprise debt, equity and dividends.

Investors analyze this section of the cash flows to know how the capital structure of an organization is managed to further understand the financial strength of the organization.

3 0
3 years ago
Why delegate authority and not responsibility​
MArishka [77]

Answer:

Authorities can be assigned, but never delegated obligations. Subordinates are responsible for "results" and managers are responsible for their subordinates ' actions. You can't be held responsible for a mission if you have little competence.

Explanation:

The delegation lets you pass the power to professional team members to work on more urgent matters. But you are still responsible for doing these in the right way. It is therefore necessary to periodically track the status or interact with the team member

Let us recognize some of the fundamental principles to be observed in delegating: 1. The delegated authority to subordinates should be adequate to achieve the desired performance.

2. The power may be delegated but never assigned responsibility. Subordinate accountability is "efficiency" and managers are "responsible for their subordinates ' activities."

3. A duty can not be held accountable if it only has limited authority. A balance between authority and responsibility must be created.

4. A single superior's presence brings to mind the subordinate more personally responsible.

8 0
3 years ago
Admire County Bank agrees to lend Givens Brick Company $300,000 on January 1. Givens Brick Company signs a $300,000, 8%, 9-month
Harlamova29_29 [7]

Answer:

The correct option is C.

Cash A/c Dr       $300,000

   To Notes Payable      $300,000

(Being notes payable issued)

Explanation:

As brick company has sign a $300,000 note which consist 7% interest rate and the duration of note is 9 month on January 1

The question has asked the journal entry on January 1 date.

So, the journal entry is

Cash A/c Dr       $300,000

   To Notes Payable      $300,000

(Being notes payable issued)

The interest part should be ignored because in the question they asked the journal entry of January 1 not in the end of the month. According to the date of asking the journal entry, the amount is to be calculated. Thus, interest should not be considered.

Hence, the correct option is C.

Cash A/c Dr       $300,000

   To Notes Payable      $300,000

(Being notes payable issued)

5 0
3 years ago
kendra always buys and uses wilson brand tennis balls. if she finds a penn or dunlop ball on the court, she gives it away. brand
Dmitry [639]

Considering the situation above, by building a strong brand, Wilson has effectively "<u>reduced the price elasticity of demand for its products</u>."

This is because the price elasticity of demand is a term in economics that defines the sensitivity of the quantity demanded of a commodity to its price.

Usually, the price elasticity of demand shows that when the price of a commodity increase, the quantity demanded decreases.

Thus, in this case, since it is said that Kendra allowed Wilson to charge a higher price and not lose many sales, therefore, Wilson has been able to reduce the price elasticity of demand for its products.

Learn more here: brainly.com/question/15654343

4 0
2 years ago
Describe and evaluate what Pfizer is doing with its PfizerWorks. 2. What structural implications—good and bad—does this approach
8090 [49]

Answer: Pfizer is the world's largest pharmaceutical firm that's has a wide range in research. Most of their work is dependent on research they carry out, strategies they have developed from the research and innovation they put in place.

Explanation:

Pfizer is the world's largest pharmaceutical firm that's has a wide range in research. Most of their work is dependent on research they carry out, strategies they have developed from the research and innovation they put in place.

They look at making a concept in the future where they would work remotely and connect with workers in any where in the world and share information.

This arrangement would work for many other firms, as most firm have started planning towards working remotely, and many have started out the process already.

Organizational structure has a big role to play in the efficiency of an organization, it depicts the work flow from the top to the bottom, what each department is doing, who guides them and how they can do better.

3 0
3 years ago
Other questions:
  • I need help..................
    5·2 answers
  • On January 1, 2018, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Debit Credit Cash
    9·1 answer
  • Financial statements are the major means of communicating accounting information to interested parties. Group of answer choices
    13·1 answer
  • Is an internship required to be a dentist?
    5·1 answer
  • XYZ produces a single product and has provided the following data for its most recent month of operations:
    13·1 answer
  • Knight Company reports the following costs and expenses in May.
    8·1 answer
  • As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $100,000 now.
    5·1 answer
  • What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve
    12·1 answer
  • How do companies effectively go global?
    14·1 answer
  • in a split offering, a) shares are issued from the corporation and sold by existing shareholders. b) all shares are issued to th
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!