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
iogann1982 [59]
2 years ago
8

Mitchell Co. has $1.1 million of debt, $3 million of preferred stock, and $3.3 million of common equity. What would be its weigh

t on common equity
Business
1 answer:
Novay_Z [31]2 years ago
3 0

Answer:

0.45

Explanation:

Calculation for What would be its weight on common equity

Using this formula

Weight on common equity= Common equity/(Debt+Preferred stock+Common equity+ )

Let plug in the formula

Weight on common equity=$3.3 million /($1.1 million +$3 million +$3.3 million)

Weight on common equity=$3.3 million/$7.4 million

Weight on common equity=0.45

Therefore What would be its weight on common equity is 0.45

You might be interested in
Cork Inc. declared a $160,000 cash dividend. It currently has 6,000 shares of 7%, $100 par value cumulative preferred stock outs
Ira Lisetskai [31]

Answer:

$124,000 is the correct answer if we use 6% which is the correct question scenario. If we take 7% then its

Explanation:

The cash dividend announced is $160,000. Remember the first payment goes to preferred shareholders and then the amount left would be distributed among the ordinary shareholders.

The dividend share of Preferred shareholders = 6000 shares * $100 par value * 6% fixed rate = $36,000

After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:

Share of Dividend of ordinary shareholders = $160,000 - $36,000

= $124,000

Similarly if we use 7% fixed rate, then

The dividend share of Preferred shareholders = 6000 shares * $100 par value * 7% fixed rate = $42,000

After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:

Share of Dividend of ordinary shareholders = $160,000 - $42,000

= $124,000

5 0
3 years ago
Which of the following categories of persons are usually notentitled to healthcare at the government's expense?
Alika [10]

Answer:

The correct answer is letter "A": Suspects who are being questioned by police.

Explanation:

Suspects of a crime are people who the police believe guilty of an offense based on information they have gathered that may prove that people are at fault, yet, guilt has not been proven. During a questionnaire, suspects are not the responsibility of the government. Then, in front of any medical issue caused during the interview, the suspect will have to handle the coverage of the assistance expense with <em>his or her insurance</em>.

7 0
3 years ago
Bramble Corp. incurs the following costs to produce 13000 units of a subcomponent: Direct materials $10920 Direct labor 14690 Va
Mumz [18]

Answer:

$4,850

Explanation:

The computation is shown below:

Total cost when the production is 13,000 units

Direct materials $10,920

Direct labor $14,690

Variable overhead $16,380

Total $41,900

And, the other case

Their new cost on supplier offer is

= $2.85 × 13,000 units

= $37,050

In the case when the order is accepted So the net income would increased by

= $41,900 - $37,050

= $4,850

7 0
3 years ago
Underline all of the following costs that are included in the cost of land.
Vladimir [108]

Answer:

a) Removal of unwanted buildings

d) Brokerage commission

e) Survey fees and legal fees

f) Purchase price

4 0
3 years ago
Why would expanding the nation’s communications network be considered an increase in wealth, while improving the education of it
larisa86 [58]
To be honest i think that it is because the internet contains everythingnyou need to know. And it is also much more easy to use. Hope this helps!
4 0
3 years ago
Other questions:
  • Which of the following is NOT true about organizational processes? Select one: a. They are only found at the top hierarchy level
    11·1 answer
  • The banking panic of 1907 and the resulting cash shortage led to the formation of the: A. Federal Reserve System.B. Comptroller
    12·1 answer
  • Which ics function is responsible for documentation for mutual aid agreements?
    14·2 answers
  • Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commis
    13·1 answer
  • One goal of advertising is to sway your opinion of the product.<br><br> True or False
    13·1 answer
  • I will cash app any money you need.
    15·1 answer
  • Under the allowance method, a.bad debt expense is recorded when specific customer accounts are determined to be uncollectible. b
    11·1 answer
  • A taxpayer, age 64, purchases an annuity from an insurance company for $82,000. She is to receive $683 per month for life. Her l
    6·1 answer
  • Rogers has a nail that is 12 centimeter long. He measured and records the length of the nail as 15 centimeters. What is the perc
    10·1 answer
  • You scheduled a meeting with your banker to discuss your findings. How will you fine-tune your product to incorporate your marke
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!