If preferred stock pays a $5 annual dividend and sells for $50, the cost of preferred stock financing
is 10% since dividends are not tax deductible and preferred stock is sold without flotation costs.
Indicate whether the statement is true or false
FALSE
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With setting SMART goals, you should choose only a few goals on which to focus. These goals should be results-oriented and
A. support the company's diversity plan. B. align with the beliefs of the local community. C. keep employees happy. D. support the organization's vision. E. meet low cost goals.
Brand loyalty in the product choice step of the consumer decision-making process is an example of a ________
A) psychographic B) consumer expectation C) cognitive dissonance D) heuristic E) behavioral target
What is the key determinant of whether a product is a good or a service?
Fill in the blank(s) with the appropriate word(s).
Mira Financial Advisors provides accounting and finance assistance to customers in the retail business
Mira has four professionals on staff, plus an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $756,000 per year, and it normally has about 8,300 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $574,000. Mira allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. During July, Mira's professionals spent 36 hours on their client, Riley Sales. Mira adds a 25% markup on its costs to calculate the amount billed to the customer. How much should the company charge Riley Sales for the month of July? (Round your intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $1,330,000 B) $182,000 C) $7,211 D) $5,769