The cost of perpetual preferred stock is found as the preferred's annual dividend divided by the market price of the preferred stock. No adjustment is needed for taxes because preferred dividends, unlike interest on debt, is not deductible by the issuing firm.
Answer the following statement true (T) or false (F)
True
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The following totals for the month of April were taken from the payroll register of Magnum Company: Salaries $10,000 FICA taxes withheld 750 Income taxes withheld 2,000 Medical insurance deductions 450 Unemployment taxes 420 The entry to record accrual of employer's payroll taxes would include a
a. debit to Payroll Tax Expense for $1,170 b. debit to FICA Taxes Payable for $1,500 c. credit to Payroll Tax Expense for $420 d. debit to Payroll Tax Expense for $1,620
Repeat customers differ from loyal customers in that repeat customers ________
A) have a loyalty score between 70 and 100 B) have a high product preference score C) are likely to recommend a company's product D) are often simply "big spenders" E) have low profit potential
Pacific Bank pays a 4.50% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay?
A. 3.72% B. 4.13% C. 4.59% D. 5.05% E. 5.56%
Among the major vehicles that the USIA employs to spread the "gospel of America" are Radio Marti, beamed into Cuba, and the Voice of America, directed at other international audiences
Indicate whether the statement is true or false