A standard cost system helps management set performance standards
Indicate whether the statement is true or false
TRUE
You might also like to view...
Metallic Engineering, Inc., a manufacturer of fabricated aluminum products for aerospace, engineering, automotive, and custom industrial applications, is calculating its WACC. The firm’s common stock just paid a dividend of $1.5 per share and now is selling for $30. The firm’s financial staff estimates the company’s new product will generate an unusual high dividend growth rate of 17% for four years. After this period of time, the dividend growth rate will decline to 3% during a transition period of 3 years, rather than instantaneously. The firm’s debt-to-equity ratio is 3/4 and the flotation costs for new equity will be 7%. Also, the firm has a payout ratio of 60% and 20M of common shares of stock outstanding.
a) Based on the information above, determine the firm’s estimated retained earnings and the associated break-point.
b) Calculate the firm’s cost of retained earnings and the cost of new common equity. Hint: use the required rate of return kCS derived from the H-Model formula in Chapter 9 as follows:
c) If Metallic Engineering’s after-tax cost of debt is 5%, determine the WACC with retained earnings and new common equity.
Workload and work variety are both components of a total reward system.
Answer the following statement true (T) or false (F)
For a defendant to be held strictly liable, the plaintiff must prove that the defect existed at the time the product left the defendant
a. True b. False Indicate whether the statement is true or false
Even though a message is received, it will not necessarily be properly decoded; receivers interpret messages based on their own frames of reference.
Answer the following statement true (T) or false (F)