Partridge, Inc provides the following information for 2017
Net income $33,000
Market price per share of common stock $13/share
Dividends paid $0.90/share
Common stock outstanding at Jan. 1, 2017 110,000 shares
Common stock outstanding at Dec. 31, 2017 155,000 shares
The company has no preferred stock outstanding. Calculate the dividend yield for common stock. (Round your answer to two decimal places.)
A) 6.92%
B) 1.92%
C) 5.00%
D) 7.44%
A .A) Dividend yield = Annual dividend per share / Market price per share of common stock = $0.90 per share / $13 per share = 6.92%
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A. attractive returns and active trading. B. guaranteed returns and voting rights. C. a high interest payment and active trading. D. high risk and guaranteed returns. E. low risk and guaranteed returns.
Which article of the Uniform Commercial Code covers electronic funds transfers between businesses and financial institutions?
A. Article 3A B. Article 1A C. Article 2A D. Article 4A
Which of the following is NOT an example of an input?
a. labor hours b. market demand c. machine hours d. number of workers
CEO for Bryce Corporation has announced to the management team that it has been decided to implement lean manufacturing at the Plattsville plant. The CEO stated, "I want to eliminate unnecessary steps in the production process and continually strive for ________. We must emphasize quality, speed, and flexibility."
A. computer-integrated manufacturing B. improvement C. mass customization D. formalization E. just-in-time delivery