The preferred stock of Selena Corp. pays a dividend of $1.50 per share. If Selena preferred stock currently sells for $10 per share, the required rate of return is:
A) 15%
B) 10%
C) 7%
D) 12%
E) 14%
A
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When a member of a limited liability company guarantees payment of a loan to the firm, the member is personally liable for the obligation.
Answer the following statement true (T) or false (F)
Use the following information to answer the question below. When Langston Corporation was formed on January 1, 20x5, the corporate charter provided for 100,000 shares of $10 par value common stock. The following transactions were among those engaged in by the corporation during its first month of operation: 1. The corporation issued 400 shares of stock to its lawyer in full payment of the $10,000
bill for assisting the company in drawing up its articles of incorporation and filing the proper papers with the state agency. 2. The company issued 16,000 shares of stock at a price of $50 per share. 3. The company issued 14,000 shares of stock in exchange for equipment that had a fair market value of $320,000. The entry to record transaction 3 is: A) Equipment 320,000 Common Stock 320,000 B) Common Stock 140,000 Equipment 140,000 C) Equipment 140,000 Common Stock 140,000 D) Equipment 320,000 Common Stock 140,000Additional Paid-in Capital 180,000
Hara Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $159.80 per unit. Sales volume (units) 6,000 7,000Cost of sales$363,600 $424,200Selling and administrative costs$531,000 $547,400 The best estimate of the total variable cost per unit is:
A. $138.80 B. $149.10 C. $77.00 D. $60.60
If there is a security breech on your organizational information systems, which information security area is best suited to handle the breech?
A. Authentication and authorization. B. Prevention and resistance. C. Detection and response. D. Detection and resistance.