1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Linwood Johnson has a check for $1395.50 in a check for 876 callers and $.25 he also has $10 in one dollar bills he would like t
Anvisha [2.4K]

Answer:

$1806.75 is the deposit

Explanation:

Add 1395.50, 876.25, and 10 together. Then from that amount subtract 475 then there is your answer

8 0
3 years ago
When firms in a perfectly competitive market face the same costs, in the long run they must be operating a. under diseconomies o
ella [17]

Answer:

d. where price is equal to average fixed cost.

Explanation:

Firms involved in a perfectly competitive market face the same cost, <em>they will theoretically make zero profit on the long run.</em> This happen at the point where price is equal to average fixed cost.

7 0
3 years ago
Which of the following demonstrates the law of supply?a) When leather became more expensive, belt producers decreased their supp
snow_tiger [21]

Answer:

D

Explanation:

The law of supply states that when the price of an object rises, so does the quantity supplied. If the ketchups prices rise, so will the quantity that is supplied making this an example of the law of supply.

3 0
3 years ago
a senior manager from the business unit most affected by a project and who ensures the project will indeed meet the needs of his
Naily [24]

The above statement is true. The project sponsor is a senior manager from the business unit most affected by a project who assures the project will fulfill the needs of his or her firm.

  • The project sponsor is in charge of the project's overall success, which includes selecting the project manager and team, establishing success parameters, and guaranteeing the project's timely completion.
  • Executive sponsor is a position in project management, typically held by the project board's most senior member and frequently its chair. A top executive at a company who is accountable to the company for the project's success will serve as the project sponsor.
  • Members of senior management who support projects and have a significant amount of influence and power are known as project sponsors. The names of project sponsors vary frequently, including those of product sponsors, project directors, account managers, and business unit managers.

Thus this is definition of project sponsor.

To learn more about project sponsor, refer: brainly.com/question/28387041

#SPJ4

3 0
1 year ago
Target profit a.are when sales and costs are exactly equal. b.can be calculated by modifying the break-even equation. c.equals d
Irina-Kira [14]

Answer:

b. can be calculated by modifying the break-even equation.

Explanation:

As the name implies, target profit can be explained to be the certain amount a business enterprise or a business organisation targets to hit at the end of its sales or at the end of her business dealings.

It can be easily seen in a cash flow planning as it is once modified to approximate cash flow, and also used for revealing expected results to investors and lenders. In all that it is been used for, in the scenario above, it also can be calculated by modifying the break-even equation, and deriving more conservative budgeting packages in business development too.

Adjust the contribution margin per unit and units sold based on an expected sales promotion.

Alter the fixed cost total and the contribution margin per unit for the effects of outsourcing production.

Alter the contribution margin for the effects of changing to a just-in-time production system.

If there is continually a large unfavorable variance between the target and actual profit, it may be necessary to examine the system used to derive the target profit,

7 0
3 years ago
Other questions:
  • Your aunt gives you some money for your birthday and you decide to put it into your savings account instead of spending it. The
    7·1 answer
  • David and Sandra Dess contracted with Sirva Relocation, LLC, to assist in selling their home. In their contract, the Desses agre
    14·1 answer
  • The purpose of countercyclical policy is to​ ____________.
    14·1 answer
  • Yesterday, Michelin paid a dividend of $2.25 (D0). You are considering buy Michelin stock today. Your required rate of return fo
    15·1 answer
  • ________ consists of arranging for a market offering to occupy a clear, distinctive, and desirable place relative to competing p
    10·1 answer
  • Identify the expression which represents the calculation "add 8 and 7, then multiply by 2." A) (2 × 8) + 7 B) 8 + (7 × 2) Elimin
    10·1 answer
  • In the equation Mv = PYR, P represents:
    14·1 answer
  • Assume the following data for Oshkosh Company before its year-end adjustments:
    15·1 answer
  • In the cleveland custom cabinets case, the owner of the company thought it was all right to manipulate the financial statement n
    12·1 answer
  • Fill in the blank. Effective segmentation identifies where your customers are in the ___________, and assists your customers in
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!