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tester [92]
3 years ago
14

Torch Industries can issue perpetual preferred stock at a price of $58.50 a share. The stock would pay a constant annual dividen

d of $7.00 a share. What is the company's cost of preferred stock, rp
Business
1 answer:
Snezhnost [94]3 years ago
3 0

Answer:

11.96%

Explanation:

Calculation for Torch Industries company's cost of preferred stock,

Using this formula

Cost of preferred stock = Dividend / Stock Price * 100

Where:

Dividend =$7.00

Stock Price = $58,50

Hence,

= $7 / $58.50 * 100

= 11.96%

Therefore the company's cost of preferred stock will be 11.96%

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Bingel [31]

Answer:

Only going to dept for things you really need and have planned for

6 0
2 years ago
Nebraska Inc. issues 4,100 shares of common stock for $131,200. The stock has a stated value of $15 per share. The journal entry
julsineya [31]

Answer:

$61,500

Explanation:

Based on the information given if the company

issues 4,100 shares of common stock for the amount of $131,200 in which the stock has a stated value of $15 per share which means that The journal entry to record the stock issuance would include a credit to Common Stock for $61,500 Calculated as:

Credit to Common Stock=4,100 shares*$15 per share

Credit to Common Stock=$61,500

5 0
3 years ago
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year
Anna71 [15]

Answer:

18.49%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

The IRR can be calculated using a financial calculator:

Cash flow in year 0 = –$28,500

Cash flow in year 1 = $12,500

Cash flow in year 2 = 15,500

Cash flow for year 3 = $11,500

IRR = 18.49%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
When working with a client who has COPD (stable and medically cleared for exercise) and likes swimming, you should recommend the
ANEK [815]

Answer:

You should recommend that they swim:

a. 3 days per week

b. High intensity

Explanation:

The full meaning of COPD is Chronic Obstructive Pulmonary Disease. It is a disease that affects the lungs of a person and makes it very hard for that person to breathe.

We have 4 stages of COPD

a. Stage 1: Mild COPD

b. Stage 2: Moderate COPD

c. Stage 3: Severe COPD

d. Stage 4: Very Severe COPD

Symptoms of COPD include coughing, production of mucus during coughing, difficulty in breathing.

7 0
3 years ago
Why have many consumers changed their views about the value of online content so they are now willing to pay small fees?
satela [25.4K]

Answer:

The reason many consumers have changed their views about the value of online content so that they are now willing to pay small fees for it is that:

The costs and quality of online products and services compare with those in stores.  Since online transactions are relatively more secure than physical transactions, people are generally more willing to pay for the secured transactions offered online.

Explanation:

In the modern computer age, many products and services are now being offered online.  This makes the physical stores of yesteryears unnecessary.  People are even ready to pay some small fee to receive these goods and services through online transactions instead of visiting physical stores to pick their desired products and services.  This has reinforced online marketing and delivery of products and services.  Many companies are now jettisoning their physical stores to trade online.  And customers are finding the experience uplifting, secure, and satisfactory.  One can transfer money to distant suppliers of goods and services without leaving their offices and homes.  Overcrowding in banking halls and paper expenses are being avoided.  Banks are also reducing their physical infrastructure and personnel.  These are among the benefits of online content-based transactions.

8 0
3 years ago
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