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
Inessa [10]
3 years ago
13

Tom and Jerry's has 2.4 million shares of common stock outstanding, 2.4 million shares of preferred stock outstanding, and 14.00

thousand bonds. If the common shares are selling for $13.40 per share, the preferred share are selling for $10.40 per share, and the bonds are selling for 99.96 percent of par, what would be the weight used for common stock in the computation of Tom and Jerry's WACC
Business
1 answer:
3241004551 [841]3 years ago
6 0

Answer:

Tom and Jerry's

The weight used for common stock in the computation of Tom and Jerry's WACC is:

= 45.22%

Explanation:

a) Data and Calculations:

                                               Common   Preferred    Bonds

                                                  Stock         Stock

Outstanding number               2.4 m         2.4 m         14,000

Market price per share           $13.40      $10.40         $999.6

Total value                               $32.16 m  $24.96 m    $13,994,400

Total value of stock and bonds = $71,114,400

Weight of common stock = $32.16/$71.1144 * 100 = 45.22%

You might be interested in
A plant's fixed overhead costs total $500,000 for a year to produce 400,000 widgets, among other items. If machine‐hours are use
maxonik [38]

Answer:

$0.5

Explanation:

A plant's fixed total overhead cost is $500,000 for a year

400,000 widgets are required to be produced for this period

All processes require a 40,000 machine hours and the widgets use 16,000 hours out of the total hours

The first step is to calculate the fixed overhead application rate

= $500,000/40,000

= $12.5 machine-hour

The fixed overhead that is applied to the widgets can be calculated as follows

= $12.5 × 16,000

= $200,000

Therefore, the fixed overhead that is applied to each of the widgets produced can be calculated as follows

= 200,000/400,000

= $0.5

Hence the fixed overhead that is applicable to each widgets is $0.5

7 0
3 years ago
Bette's Breakfast, a perfectly competitive eatery, sells its "Breakfast Special" (the only item on the menu) for $5.00. The cost
Tamiku [17]

Answer:

Bette's Breakfast should increase the price or change the cost´s structure.

Explanation:

Bette's Breakfast should increase the price to get any profits because the total of the cost of serving that breakfast is higher than the price.  

Profit= price* sales -((Variable cost * sales) +Fixed cost)

Other option is changing the structure of cost per meal.

4 0
3 years ago
Read 2 more answers
At UPS, a 12-step process prescribes how drivers should park their trucks, locate the package they are about to deliver, and ste
Alla [95]

Answer:

Programmed decision making

Explanation:

A programmed decision is one that is done by following already laid down rules and procedures. They are Carried out using formal patterns and the goals here are both clear and specific. These rules and routines in UPS are are a good example of how programmed decisions are done. As it can be seen on every aspect of their day to day business activities.

8 0
3 years ago
I generally bounce back from tough conversations well, but occasionally find it difficult to be resilient. Agree or disagree
Leona [35]

People can be tough sometimes. I generally bounce back from tough conversations well, but occasionally find it difficult to be resilient. I disagree.

<h3>What is Emotional resilience?</h3>

This is known as the ability of a person to recover quickly from any kind of bad news or traumas as a result of  illness or misfortune.

If a person can bounce back from tough conversations, it means they are strong and despite any point or issue thrown at them, they can withstand and be tough in that situation.

learn more about resilient from

brainly.com/question/911437

6 0
2 years ago
Mathematics VII
dsp73

Answer:

6 inch + 6 inch = 1 foot, so you will get 16, 6 inch sections!

Hope this helps!

Have a nice day!

Explanation:

6 0
3 years ago
Other questions:
  • Which career is best suited for people who have a high school diploma?
    7·2 answers
  • What is the major purpose of a bank reconciliation statement?
    7·1 answer
  • Help with Wuestion 5 please
    10·1 answer
  • Retail Music, Inc., offers to buy from Super Products Corporation (SPC) 1,000 blank CDs of a certain brand. Without notifying Re
    14·1 answer
  • True or false. in the real world, decreases in ad normally lead to decreases in both output and the price level.
    11·1 answer
  • The investments of Steelers Inc. include a single investment: 11,100 shares of Bengals Inc. common stock purchased on September
    10·1 answer
  • A company had total liabilities of $275,000 and the owner’s equity was $1,722,000. According to the fundamental accounting equat
    9·1 answer
  • What school did Brittany Bailey go to on a field trip that helped her decided on her career?
    7·2 answers
  • ASAP!! Discuss Maslow’s Hierarchy of Needs Theory. In your opinion, is it a good motivator for employees to
    8·1 answer
  • Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexp
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!