Answer: 11.978%
Explanation:
From the question, we are informed that the 10.9 percent preferred stock of Rock Bottom Floors is selling for $91 a share. We are further informed that the tax rate is 44 percent and the par value per share is $100.
The firm's cost of preferred stock will be 10.9% multiplied by the par value per share and then divided by the share price of $91. This will be:
= (10.9% × 100)/91
= (0.109 × 100)/91
= 10.9/91
= 0.11978
= 11.978%
Answer:
A.$325
B.657000 hours
Explanation:
We can calculate the cost of a 500-mile automobile trip by adding the cost of gasoline burnt and the cost of wear and tear during the trip. Total number of hours of 75 years old can be calculated by multiplying the number of hours in a day with the total number of days in a year.
DATA
Gasoline per gallon = $3
Vehicle wear and tear = $0.50/mile
Miles per gallon = 20 miles
Hours in a day = 24hours
Days in a year = 365
Number of years = 75
Requirement A
Cost of a 500 mile automobile trip = Cost of gasoline + Cost of vehicle wear
]
Cost of a 500 mile automobile trip = $75 + $250 = $325
Working
Cost of gasoline = (500 miles / 20 miles) * $3 per gallon = $75
Cost of vehicle wear and tear = 500 miles * $0.50 per mile = $250
Requirement A
Total number of hours in 75 years of human life = Life in years x Number of days in a year x Number of hours in a day
Total number of hours in 75 years of human life = 75 years * 365 days * 24 hours = 657000 hours
Answer:
$61,200
Explanation:
Maintenance expenses allocated to assembly department
Allocation base = Square footage
= $102,000 * $55,200 / ($55,200 + $36,800)
= $102,000 * $55,200 / $92,000
= $61,200
Answer:
Product cost= $1248
Period Cost= $312
Explanation:
Giving the following information:
The insurance coverage premium for the three years is $4,680.
Eighty percent of the premium applies to manufacturing operations and twenty percent applies to selling and administrative activities.
Total period:
Product cost= 0.80*4680= $3744
Period Cost= 0.20*4680= $936
For the first year:
Product cost= $3744/3= $1248
Period Cost= $936/3= $312
Your answer is : A)
Supply refers to the seller's ability and desire to sell goods and services
