Diggin Tools plans to issue new preferred stock, which has a market value of $85 per share. Holders of the stock will receive an annual dividend equal to $9.35. The flotation costs associated with the new issue were 6 percent and Diggin's marginal tax rate is 30 percent. What Diggin's component cost of preferred stock, rps?
A. 17.00%
B. 11.66%
C. 10.38%
D. 11.70%
E. 11.00%
Answer: D
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Peter, the owner and lead accountant at a tax preparation firm, is changing the work schedule of his long-term employees for the months of March and April, the company's busiest time. He is requiring work on weekends for everyone, using the same basic schedule as last year. Peter should expect that his employees will be
A. terribly upset and quit. B. terribly upset but not quit. C. moderately upset and complain. D. moderately upset but not complain. E. hardly upset or not upset at all.
Answer the following statements true (T) or false (F)
1. The Hofstede culture dimensions have been invalidated with time and replaced by Project GLOBE. 2. China is a long-term oriented country, meaning that the culture focuses primarily on the past and present and immediate gratification. 3. Expatriates are individuals who have given up their citizenship in their native country. 4. When it comes to international assignments, accurate communication can be difficult even with a common language. 5. Hiring others from outside the organization to perform work worldwide is known as contract manufacturing.
Responsibilities of a corporation's boards of directors include all but which of the following?
A) authorize or approve the payment of dividends B) authorize or approve the selection, supervision, and removal of officers C) authorize or approve the adoption, appeal, or amendment of the corporate bylaws D) authorize or approve day-to-day corporate management decisions
Are executive summaries and abstracts the same thing?
A) Yes. B) No.