After one year you will be able to get 305 extra dollars then what you have put in hope this helps you
Answer:
28.63%
Explanation:
The computation of the cost of preferred stock is shown below:
Cost of the preferred stock = Dividend ÷ Price of the stock
where,
Dividend is
= $1,000 × $15%
= $150
And, the price of the stock is
= Market value of the stock - flotation cost
= $576 - $52
= $524
So, the cost of preferred stock is
= $150 ÷ $524
= 28.63%
We ignored the marginal tax rate i.e 40%
Answer:
$2,430F
Explanation:
The formulae for labor rate variance is given as (Actual rate - Standard rate) × Actual hours worked.
Labor rate variance = (Actual rate - Standard rate) × Actual hours worked
Given that;
Actual rate = Actual total labor cost ÷ Actual hours worked
= $119,880 ÷ 8,100
= $14.8 per hour
Standard rate = $15.10 per hour
Actual hours worked = 8,100
Labor rate variance = ($14.8 - $15.10) × 8,100
Labor rate variance $2,430F
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