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atroni [7]
3 years ago
9

Torch Industries can issue perpetual preferred stock at a price of $71.00 a share. The stock would pay a constant annual dividen

d of $6.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.
Business
1 answer:
kodGreya [7K]3 years ago
6 0

Answer:

the company's cost of preferred stock, rp is = 9.15%

Explanation:

step 1. Consider the following formula.

Cost of preferred stock = annual dividend / Price *100

Step 2. Set the values of the variables.

= $ 6.5/$ 71*100

step 3. Solve.

= 9.15%

Answer : 9.15 %

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Charlotte is trying to measure her salon's productivity during the first quarter. For this period, she should divide ________ by
IRISSAK [1]

Answer:

the total salon services and products sold

Explanation:

Productivity can be regarded as ratio of output volume to that of the volume of inputs. It give the measurements of

production inputs efficiency, these input could be labour, capital. Productivity helps to know how these inputs are been used in production of given level of output in economy.

7 0
3 years ago
On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January
Leno4ka [110]

Answer:

Discount on bonds issuance = $15750

Explanation:

A bond is issued at a discount when the issue price of the bond is less than the face value of the bond. This usually happens when the coupon rate paid by the bond is less than the market interest rate. To calculate the amount of discount on bonds issuance, we simply deduct the issue price from the face value of the bond. Thus,

Discount on Bonds = Face value - Issue price

As we know the face value of the bonds is $700000 and the issue price is $684250, we can calculate the discount on issuance to be,

Discount on bonds issuance = 700000 - 684250

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7 0
3 years ago
Compared with supermarkets, the product mix for vending machines is: __________.
Vlada [557]

Answer:

d. shallower and narrower

Explanation:

Product width basically refers to how many different product lines are sold, and obviously a supermarket sells hundreds of product line, while a vending machine generally sells soft drinks or snacks, which is only 1 product line.

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7 0
3 years ago
. Tiger Mfg. owns a manufacturing facility that is currently sitting idle. The facility is located on a piece of land that origi
N76 [4]

Answer: $1,200,000

Explanation:

The firm should include $1,200,000 as the cost of the Manufacturing facility for a new project in it's analysis.

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4 0
3 years ago
Gilbert Company made an ordinary repair to a delivery truck during 2016 at a cost of $500 and capitalized the repair cost. What
Leto [7]

Answer:

The answer is:

Asset will be overstated

Net income will be overstated

Explanation:

Because of the incorrect capitalization(the process of converting or adding to a firm's asset):

1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.

2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.

7 0
3 years ago
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