Answer:
$6,000
Explanation:
The computation of the dividend amount distributed to preferred shareholders is shown below:
= Number of non-cumulative preferred stock shares × par value per share × dividend rate
= 10,000 shares × $10 × 6%
= $6,000
In the case of the non-cumulative preferred stock, if there are dividend arrears, the same is not paid.
Simply we multiplied the preferred stock share by the par value and the dividend rate so that the estimated value can come
Answer:
A. True
Explanation:
Large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Federal Reserve, and this has caused an increase in the money multiplier and the money supply.
This is true as an increase in the Federal reserves would lead to increased room for loan and lending facilities which would also help increase the money supply of the populace.
Answer:
b. the goal of marketing is to set the price
Explanation:
6 fundamentals of marketing includes: satisfaction of customers needs or demands, continuous nature of marketing, sequential steps in marketing, key role of marketing research, interdependence of hospitality and travel organizations, organization-wide and multi department effort.
The goal of marketing has to to be the satisfaction of customers and the captured value from customers and business relationship.
Plan about price has to be set, adjusted based on the changes and requirements of customers' needs and wants.
Answer: $73.33
Explanation:
Dividend discount model can be used to calculate the value of the shares:
= Earnings paid out / (Cost of equity - growth rate)
Earnings to be paid out:
= 60% * 5,500,000
= $3,300,000
Value of shares:
= 3,300,000 / ( 9% - 6%)
= $110,000,000
Share price:
= Value of shares / Number of shares outstanding
= 110,000,000 / 1,500,000
= $73.33
