Answer: True
Explanation: Cumulative preferred shares of a company carries some special rights as per law. The holders of such stock must be paid any current or prior period accrued dividends before any payment of dividend to common shareholders. The dividends of such shareholders is fixed in nature.
Also in the event of liquidation they will be preferred before any common stock holders.
Thus, the given statement is true.
Answer:
e. all of the above
Explanation:
Price are an mechanism that serve to coordinate economic activity. They help coordinate economic decisions such as rationing, they transmit information, and they also help economic agents make decisions about what to sell, what to buy, what to exchange, and so on.
Answer:
The firm set as the required rate of return for the project is 14.732%
Explanation:
For computing the required rate of return, the following formula should be used which is shown below:
= Risk free rate of return + (Beta × market risk premium) + adjustment
where,
Risk free rate of return is 4.1%
Beta is 1.19
Market risk premium is 7.8%
Adjustment is 1.35%
Now put these values to the above formula
So, the value wold be equal to
= 4.1% + (1.19 × 7.8%)+ 1.35%
= 4.1% + 9.28% + 1.35%
= 14.732%
The standard deviation is irrelevant. Therefore, it is not considered in the computation part.
Hence, the firm set as the required rate of return for the project is 14.732%
Answer:
7.3%; 12.17%; 0.6 times; 15.95%
Explanation:
Return on assets:
= Net Income ÷ Average total assets
= ($65,700 ÷ $900,000) × 100
=
7.3%
Profit Margin:
= Net Income ÷ Net Sales
= ($65,700 ÷ $540,000) × 100
= 12.17%
Asset Turnover:
= Net Sales ÷ Average Total Assets
= $540,000 ÷ $900,000
= 0.6 times
Return on Equity:
= Net Income before dividend ÷ Equity
= [($65,700 + $30,000) ÷ $600,000] × 100
= ($95,700 ÷ $600,000] × 100
= 15.95%
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