If a leader is uncaring, unkind or ignores the needs of followers, they may be considered a ______ type of leader?
A. callous
B. insular
C. intemperate
D. rigid
A. callous
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This approach encourages a supportive style of communication
A) defensive B) aggressive C) assertive D) non-assertive
Sarbanes-Oxley Act requires all U.S. companies to maintain adequate internal control systems
Indicate whether the statement is true or false
Which of the following best describes the nature of assets of held-for-sale operations?
a. Impairment testing based on most likely sale or disposal price. b. Impairment testing if plants are closed or equipment is not used. c. Lower of cost or market impairments, including an allowance for obsolescence. d. Estimates and assumptions made in preparation of the estimate of income tax expense for the year.
The Claustrophobic Solution, Inc., a residential window and door manufacturer, has the following historical record of earnings per share (EPS) from 2013 to 2017:
The company’s payout ratio has been 60% over the last five years and the last quoted price of the firm’s stock was $10. Flotation costs for new equity will be 7%. The company has 30,000,000 common shares outstanding and a debt-equity ratio of 0.50.
a) If dividends are expected to grow at the same arithmetic average growth rate of the last five years, what is the dividend payment in 2018?
b) Calculate the firm’s cost of retained earnings and the cost of new common equity using the constant growth dividend discount model.
c) Calculate the break-point associated with retained earnings.
d) If the Claustrophobic Solution’s after-tax cost of debt is 9%, what is the WACC with retained earnings? With new common equity?
e) Assuming that the cost of debt is constant, create a marginal cost of capital (MCC) schedule. Be sure to use a Scatter chart and make it a step function.