Answer:
B. False
Explanation:
Flotation costs are cost that are concerned with issuing new common stock. It is the amount of money or cost incurred by an organization when offering its securities to the public. The cost may include legal fees, auditing fees and registration fees. When the flotation cost goes higher, firms are more likely to use debts rather than preferred stock. This is simply because debt is lesser than both common stock and preferred stock. Also, its fallacy to think that preferred stock doesnt have flotation cost. Its only that its not as high as the ones for new common equity.
Answer:
Labor cost variance refers to the variance, which is determined by subtracting the actual direct labor cost from the standard direct labor cost associated with the product.
Explanation:
Given that:
Actual hours = 1,000
Actual rate = $48.15
Standard rate = $32 per hr.
Now,
Labor Cost variance = Actual hours * (Actual rate - Standard Rate)
Labor Cost variance = 1000 * (48.15 - 32)
Labor Cost variance = 1000 * 16.15
Labor Cost variance = 16,150
<u>Given:</u>
Consumer price index in 1991 = 136.2
Consumer price index in 2017 = 244
One billion dollar in numbers = 1,000,000
<u>To find:</u>
Money required in 2017 to have the same amount of real purchasing power that they did in 1991.
<u>Solution:</u>
Assuming 1991 as base year and 2017 as target year,
The purchasing power during 1991-2017 is
<u>Result:</u>
In 2017, The Barenaked Ladies need 
to have the same amount of real purchasing power that they did in 1991.
Answer:
earning per share will not change as dividend is not deductible and will not affect the earning. Generally dividend are liable to the recipient.
Explanation:
Given data:
shares of stock is 7500
market price of share is $18
earning is $1.23
total assets is 384,000
total liabilities is $146000
cash dividend is $.22 per share
earning per share will not change as dividend is not deductible and will not affect the earning. Generally dividend are liable to the recipient.
