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borishaifa [10]
3 years ago
10

. At December 31, 2015, Xerox reports $349 million of 8% Series A Convertible Preferred stock. What is the dollar amount of divi

dends that Xerox must pay on this stock (assume a par value of $100 per share)
Business
1 answer:
r-ruslan [8.4K]3 years ago
5 0

Answer:

=  $27,920,000.00

Explanation:

<em>A preferred stock is that which pays a fixed percentage of its nominal  value as dividend. A preferred stock ranks ahead of common stock in the payment of dividends and settlement of claims in the event of liquidation.</em>

<em>However, preference dividends are paid out of profit only after the interest claims of loan creditors have been settled</em>

The total amount of preference dividends payable by Xerox

= 8% × 349,000,000

=  $27,920,000.00

Preference dividends = =  $27,920,000.00

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Interpretation of intelligence test scores is based on the assumption that the scores are normally distributed within a populati
Finger [1]

Answer: According to complete question "more than two-thirds of children will score between 85 and 115".

Explanation:

The solution to this issue is it, even though the Wechsler Ratios of Intellect scores are "standardized" to an average of 100 and a margin of error of 15 based on the standardized system used only to start scoring IQ.

So between 85 and 115 will be 68 that for each cent of the results.

Therefore the result stand between 85-115.

3 0
3 years ago
Buffalo National Corp. (BNC) is currently an all-equity firm worth $320 million with 50 million common shares outstanding. BNC p
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Answer:

The solution as per the given problem is provided below throughout the explanation portion below.

Explanation:

The given values are:

Debt issued,

= 120

Pretax earnings,

= 80

Tax,

= 35%

All equity firm,

= $320

Number of common stock,

= 50

(a)

Balance sheet before the debt issue's announcement will be:

<u>Assets </u><u>                                 320</u>

<u>Debt   </u><u>                                    0</u>

<u>Equity  </u><u>                                 320</u>

then,

The total will be "320".

(b)

The per share price will be:

= \frac{Equity}{Number \ of \ common \ stock}

= \frac{320}{50}

= 6.40

or,

After tax, the net income will be:

= EBIT(1-t)

= 80(1-0.35)

= 80\times 0.65

= 52

(c)

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= \frac{Net \ income \ after \ taxes}{Value \ of \ equity}

= \frac{52}{320}

= 0.1625

or,

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5 0
3 years ago
Hugh has the choice between investing in a city of heflin bond at 6.60 percent investing in a surething bond at 10.00 percent. a
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Answer: Surething Inc, needs to issue bonds with 11% interest rate in order to make Hugh indifferent between investing in two bonds.

We arrive at the answer in the following manner:

The City of Helfin bonds are municipal bonds and hence they are tax free. This means that Hugh will get an after - tax return of 6.6%.

The bonds of Surething Inc offering a 10% interest, however are taxed at 40%. So, the current after-tax returns of the bond is:

After - tax return= Pre- tax return * (1 -tax rate)

After-tax return= 0.1 * (1-0.4)

Current after tax return = 0.06 or 6%

However Hugh will be indifferent to investing in these two bonds only if they offer the same after-tax return of 6.6%.

Given this, we can calculate the indifference rate as follows:

After - tax return= Pre- tax return * (1 -tax rate)

0.066= Pre- tax return * (1 -0.4)

\frac{0.066}{0.6}= Pre-tax return

Pre-tax return = 0.11 or 11%.

8 0
4 years ago
The type of cover letter written to request assistance and support from the author’s job network:
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There are five general types of cover letters:

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<span>2.      </span>Referral Cover Letter - mentions the name of a person who has referred you to a job

<span>3.      </span>Letter of Interest - <span> a prospecting letter, inquires about possible job openings </span>

<span>4.      </span>Networking Letter-<span> request job search advice and assistance (sample networking letters)</span>

<span>5.      </span>Value Proposition Letter - a brief statement explaining what makes the candidate unique

<span>If you are to request assistance and support from a job network, therefore, you must use the networking letter type of cover letter.</span>

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3 years ago
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what should be the current balance in Allowance for Doubtful Accounts. The balance sheet's total receivables are netted against an allowance for doubtful accounts to show only the amounts anticipated to be paid.

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2 years ago
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