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jenyasd209 [6]
3 years ago
6

At the present time, Tamin Enterprises does not have any preferred stock outstanding but is looking to include preferred stock i

n its capital structure in the future. Tamin has found some institutional investors that are willing to purchase its preferred stock issue provided that it pays a perpetual dividend of $11 per share.
If the investors pay $95.70 per share for their investment, then Tamin’s cost of preferred stock (rounded to four decimal places) will be ____.
Business
1 answer:
Darina [25.2K]3 years ago
3 0

Answer:

11.4943%

Explanation:

Dividend are fixed = Debt

Usually has no specified maturity date = Equity

Cost of preference share = Annual dividend / Price

= 11/95.7= 11.4943&

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Knorr issues 1,000 shares of $2 par value common stock for $10 per share. The journal entry to record this transaction will incl
Hunter-Best [27]

Answer:

A) Credit to Common stock $2,000

C) Credit to Additional paid-in capital $8,000

Explanation:

The journal entry to record the issuance of stocks should be:

Dr Cash 10,000

    Cr Common stock 2,000

    Cr Additional paid in capital 8,000

Whenever a corporation issues new stocks, it must increase common stock account using the stocks' par value. Any additional amount must be recorded under the additional paid in capital account. Both accounts are part of the stockholders' equity and have credit balances.

5 0
4 years ago
A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi
sp2606 [1]

Answer:

The correct answer is option (A) $2,600

Explanation:

Given data;

The data given can be tabulated below for easy understanding

Pairs                        Flow         Distance          Flow distance

X-y                              30            20                     600

Y-Z                            280             10                     2800

Z-X                            180             10                      1800

Total flow = 600 +2800 + 1800 = 5200

To calculate the total weekly cost, we use the formula;

Total weekly  cost is =  Total flow * Cost of per load

                                    = 5200 *0.5

                                     $2,600

5 0
3 years ago
In a Word document,respond to the question below in 5 complete sentences. Once completed, submit your Word document in the Schoo
bija089 [108]

Answer:

Done

Explanation:

Saving your money for financial well-being can help you with multiple opportunities. The money will later go into your family or in investments in the future, also this will give you important time of any information you need. Achieving and maintaining financial well-being is important for families and individuals, as well as your entire region. Stronger families make for stronger communities. Stronger communities encourage stronger schools. Stronger schools lead to better prepared students for education, which leads to better prepared as an adult. This will get you go have many savings in money.

8 0
3 years ago
A December call option on the Canadian dollar with an exercise price of Canadian dollar 1.4506/$ (contract size for each option
damaskus [11]

Answer:

123456789

Explanation:

1234

4 0
3 years ago
Explain how abstraction allows for the creation of increasingly complex systems. reference top-down design strategy in your resp
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Answer:  
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4 0
3 years ago
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