1) The dividend yield is measured as

Dividends per share of preferred stock/Market price per share of common stock

Dividends per share of common stock Market price per share of preferred stock

Dividends per share of common stock/Market price per share of common stock

Dividends per share of preferred stock Market price per share of preferred stock

2) Tara Company's budget shows the following credit sales for the current year: September, $25,000; October, $36,000; November, $30,000; December, $32,000. Experience has shown that payment for credit sales is received as follows: 15% in the month of sale, 60% in the first month after sale, 20% in the second month after sale, and 5% is uncollectible. How much cash will Tara Company expect to collect in November as a result of current and past credit sales?

a.$28,400

b.$19,700

c.$30,000

d.$31,100

3)

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $260,000, $375,000, and $400,000, respectively, for September, October, and November. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale.

3) The cash collections expected in November from accounts receivable are projected to be

a.$295,200

b.$280,000

c.$276,500

d.$316,400