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| Teaching Since: | Apr 2017 |
| Last Sign in: | 331 Weeks Ago, 6 Days Ago |
| Questions Answered: | 12843 |
| Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Leonhardt Corporation's net income last year was $3,800,000. The dividend on common stock was $2.00 per share and the dividend on preferred stock was $1.80 per share. The market price of common stock at the end of the year was $53.40 per share. Throughout the year, 500,000 shares of common stock and 100,000 shares of preferred stock were outstanding. The price-earnings ratio is closest to:
a.9.54
b.7.03
c.7.38
d.10.19
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A major difference between financial and managerial accounting is:
a.Government regulations apply to managerial accounting
b.Managerial accounting must follow MAAP and not GAAP
c.Managerial accounting reports are used externally
d.Managerial accounting reports are used exclusively by management
Â
In determining the cost of bank financing, which is the important factor?
a.The prime rate
b.The nominal rate
c.The effective rate
d.The discount rate
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