You are a shareholder in a corporation which has elected subchapter S tax treatment. The corporation announces a revenue of $6 per share, of which it retains $1 for reinvestment and distributes the rest as dividend payments. Given that the personal tax rate is 34.72%, how much tax must you pay per share? (round your answers to two decimal places)

A disadvantage of a statutory close corporation is that: a) it cannot distribute dividends to members. b) not all states allow formation of this type of corporation. C) it must keep accurate records and file paperwork to document tax-exempt status. d) it can have no more than 100 stockholders.

E76. Which one of the following best describes the term “Merchant Discount Rate” sometimes seen in the news?(a) The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.( b) The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.(c) The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit cards.(d) The incentive given by the Government, to merchants for promoting digital payments by their customers through Point of Sale (PoS) machines and debit cards.

FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10,000 bonds. Suppose the common shares sell for $27 per share, the preferred shares sell for $14.50 per share, and the bonds sell for 98 percent of par. What weight should you use for preferred stock in the computation of FarCry's WACC? (Round your answer to 2 decimal places. Write your answer in percentage.)

A firm has net income of $134,502. There are 136,088 shares of stock outstanding at a price per share of $12.98. The price to book ratio is 5.74 and the firm has $117,799 in total liabilities. What is the firm's price-earnings ratio? Answer should be formatted as a number with 2 decimal places (e.g. 99.99).