When a check is issued, the party being paid the cash is referred to as the ________
A) payee
B) maker
C) bank signatory
D) depositor
A
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for the first year
a. $0.50 and $0.10 b. $0.00 and $0.10 c. $0.50 and $0.00 d. $2.00 and $0.00
The officer of the company who has the ultimate responsibility for implementing the company's long and short-term goals is the ________.
A) Chief Financial Officer B) Chair of the Board C) Chief Executive Officer D) Chief Officer for Human Relations
In the competitive-parity method of setting an advertising budget, the budget is set based on ________
A) a percentage of future sales B) the total revenues that a company makes C) the amount spent by similar companies in the same industry D) objectives set by the company and the cost required to accomplish them E) a percentage of current sales
Based on the free cash flow valuation model, Bizzaro Co.'s value of operations is $300 million. The balance sheet shows $20 million of short-term investments that are unrelated to operations, $50 million of accounts payable, $90 million of notes payable, $30 million of long-term debt, $40 million of preferred stock, and $100 million of common equity. Bizzaro has 10 million shares of stock outstanding. What is the best estimate of the stock's price per share?
A. $13.72 B. $14.44 C. $15.20 D. $16.00 E. $16.80