What is the total cost of a stock purchase if the stock price is $12, shares purchased 100, with a 2% broker's fee? (stock price x shares purchased = stock cost; stock cost x broker's fee = broker's fee; stock cost + broker's fee = total cost) a. $1,224 b. $1,200 explanation: stock price: $12 shares purchased: 100 brokers fee: 2% step one: stock price x shares purchased = stock cost 12.00 x 100 = 1,200 step two: stock cost x brokers fee= brokers fee#2 1,200 x 2% or 0.02 = 24 step three: stock cost + brokers fee#2 = total cost 1.200 + 24= 1,224 answer is : a. $1,224

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

How do communism and socialism differ in terms of the role that government plays in the economy ?

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $