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kompoz [17]
3 years ago
12

Morristown Industries has an issue of preferred stock outstanding that pays a $12.60 dividend every year in perpetuity. If the r

equired return of this issue is 15.75%, what is the price per share
Business
1 answer:
lilavasa [31]3 years ago
6 0

Answer:

$80 per share.

Explanation:

Given: Dividend= $12.60

           Rate of return= 15.75%

  Now, finding the price per share.

Formula; Price per share= \frac{Dividend}{Rate\ of\ return}

⇒ Price per share= \frac{12.60}{15.75\%}

⇒ Price per share= \frac{12.60}{0.1575}

∴ Price per share= $80 per share.

Hence, price per share is $80 for Morristown Industries.

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coldgirl [10]

Answer:

1.prove the equality of the debit and credit amounts after posting.

Explanation:

There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.

Its main purpose to equate and the prove the both side of the columns after posting of transactions

8 0
3 years ago
The company employs a single employee who works all five weekdays and is paid on the following Monday. The employee works the en
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Answer: The answer is provided below

Explanation:

Adjusting entries are the entries that are passed at the end of the year. They are passed to adjust the account so as to make them follow the matching principle.

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The necessary journal has been attached

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3 years ago
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Novosadov [1.4K]
6 lollipops.
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6 0
3 years ago
You are a member of a team of eight individuals from the same department who meet for a few hours each week to discuss ways of i
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Answer:

True

Explanation:

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A self-managed work team is a self-organized, semi-autonomous <u>small group of employees whose members determine, plan, and manage their day-to-day activities and duties under reduced or no supervision.</u>

A self-managed work team can also be referred to as a self directed team or self-managed natural work team.

5 0
3 years ago
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A correlation coefficient shows that alcohol consumption and driving accidents are indeed related. as a result, a researcher cou
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I believe the answer is: the number of driving accidents a person has will go up or down based on the number of  alcoholic drinks consumed

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