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11Alexandr11 [23.1K]
2 years ago
9

Here and After Corporation plans a new issue of preferred stock. Similar risk stock currently offers an annual return to investo

rs of 18.0%. The company wants the stock to sell for $743.00 per share. What annual dividend must the company offer?
a. $192.85.
b. $4,127.78.
c. $148.45.
d. $133.74.
e. $3,809.94.
Business
1 answer:
Musya8 [376]2 years ago
8 0

Answer: d. $133.74

Explanation:

The dividend paid to preferred shareholders is constant and based on the annual rate of return on the stock. If they plan to sell at a price of $743 per share, the dividend will be:

Dividend = Annual rate of return on stock * Price of stock

= 18% * 743

= $133.74

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Data concerning Pony Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 200 100 % Variable exp
Luda [366]

Answer:

$18,000

Explanation:

The computation of overall effect on the company's monthly net operating income is shown below:-

                                 Current                 Proposed

Sales                       $800,000               $837,000

                        (200 × 4000)     (200 - 14) × (4,000 + 500)

Variable expenses  $160,000             $180,000

                              (40 × 4000)  (40 × (4,000 + 500))

Contribution margin $640,000            $657,000

Fixed expenses     $531000                 $566,000

                                                  ($531,000 + $35,000)

Net operating

income                  $109,000                $91,000

Decrease in net operating income = Current - Proposed

= $109,000 - $91,000

= $18,000

So, for computing the overall effect on the company's monthly net operating income we simply applied the above formula.

8 0
2 years ago
Match each situation with the benefits that professional organizations provide
Lerok [7]

Answer:

Bob wants to gain extra  knowledge by joining a professional organization - professional growth and  development.

Libby seeks money for  research in a particular field- scholarship

Joseph wants to know the  latest legislation pertaining  to his industry-certification

Debby wants to work as  an intern under the guidance  of an expert in her field -mentoring

Chad likes to meet with members of his fraternity to  get a better perspective  of their work - Networking

Explanation:

Bob wants to gain extra  knowledge by joining a professional organization - professional growth and  development. This is because any attachments to professional organization is always a professional development.

Libby seeks money for  research in a particular field- scholarship. Because when you ask for money for studies, research or a university based project, including PhDs, is always either a scholarship or a grant.

Joseph wants to know the  latest legislation pertaining  to his industry-certification. Any formal studies in corporate or industry is a certification, just like when you study in school/university you get degree.

Debby wants to work as  an intern under the guidance  of an expert in her field -mentoring. Whenever anyone seeks help from an expert, supervisor or managers, the person who helps is a mentor.

Chad likes to meet with members of his fraternity to  get a better perspective  of their work - Networking. Meeting and icebreaking is a way to networking, to socialize and know more.

7 0
3 years ago
In the early 2000’s, there were a series of well publicized events that effected the credibility of the accounting profession.Th
kolezko [41]

Answer:

The correct answer is Public Company Accounting Oversight Board.

Explanation:

The Sarbanes Oxley Law was enacted in the United States with the purpose of monitoring companies that are listed on the stock exchange, preventing the valuation of their shares from being altered doubtfully, while their value is lower. Its purpose is to avoid fraud and bankruptcy risk, protecting the investor.

This law, beyond the local level, also involves all companies listed on the NYSE (New York Stock Exchange), as well as its subsidiaries.

This law arose in response to the financial scandals of large corporations, such as: Enron, Tyco International, WorldCom and Peregrine Systems, as these diminished the public's confidence in the accounting systems and, above all, in the audit.

4 0
3 years ago
Which of the following is useful for making rational choices?
ehidna [41]

Answer:

financial planning

Explanation:

It is best to be prepared. most things we want to do cost money. It is very easy to loose track of spending money.

8 0
2 years ago
Read 2 more answers
On March 1, 2012, Kelly Company lent $3,500 to Tim on a 1-year 6% promissory note. The amount of interest to be accrued on Decem
schepotkina [342]

Answer:

$210

Explanation:

Calculation for what the amount of interest to be accrued on December 31 will be

Using this formula

Accrued interest =Amount lent×Promissory note percentage

Let plug in the formula

Accrued interest=$3,500×6%

Accrued interest=$210

Therefore the amount of interest to be accrued on December 31 will be $210

7 0
3 years ago
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