Answer:
Required rate of return is 6.97%
Explanation:
The required rate of return can be ascertained from the price formula below when the subject of the formula is changed to rate of return instead of stock price:
Stock price =dividend/required rate of return
stock price is $80.40
required rate of return is unknown
the dividend on the preferred stock is $5.60
required rate of return=dividend/stock price
required rate of return =$5.60/$80.40=6.97%
The required rate of return based on the stock price and dividend information provided is 6.97%
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Answer:
C.
Explanation:
The best test to detect register disbursement schemes would be to Identify customer sales posted to one credit card and refunds posted to another credit card. This is because a register disbursement scheme is a type of fraud in which the employee replicates an old transaction with a new one while at the same time replacing the transaction type from debit to credit and vice-versa, in order to justify the cash withdrawal.
Answer:
$500,000 Axle Corporation's basis in the Drexel Corporation stock.
Answer:
Midpoint value of price elasticity of demand = -2.07
Explanation:
We know,
Midpoint value of price elasticity = ![\frac{(Q_{2} - Q_{1})/[(Q_{2} + Q_{1})/2] }{(P_{2} - P_{1})/[(P_{2} + P_{1})/2] }](https://tex.z-dn.net/?f=%5Cfrac%7B%28Q_%7B2%7D%20-%20Q_%7B1%7D%29%2F%5B%28Q_%7B2%7D%20%2B%20Q_%7B1%7D%29%2F2%5D%20%7D%7B%28P_%7B2%7D%20-%20P_%7B1%7D%29%2F%5B%28P_%7B2%7D%20%2B%20P_%7B1%7D%29%2F2%5D%20%7D)
Given,
Original Price, 
= $15
New Price, 
= $12
Original Quantity demanded, 
= 1,000 units
New Quantity demanded, 
= 1,600 units
Putting the value in the above midpoint formula, we can get
Midpoint value of price elasticity = ![\frac{(1,600 - 1,000)/[(1,600 + 1,000)/2]}{(12-15)/[(12+15)/2]}](https://tex.z-dn.net/?f=%5Cfrac%7B%281%2C600%20-%201%2C000%29%2F%5B%281%2C600%20%2B%201%2C000%29%2F2%5D%7D%7B%2812-15%29%2F%5B%2812%2B15%29%2F2%5D%7D)
Midpoint value of price elasticity = 
Midpoint value of price elasticity = 
Midpoint value of price elasticity of demand = -2.07
