Auditing guidance is provided for auditing accounting estimates specifically for fair values estimates as considerable auditor judgment is involved

________ is variation in a production process that can be traced to specific causes

Fill in the blanks with correct word

Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is

expected to grow at a constant rate of 10% per year. The price of KayCee's common stock today is $40 per share. If KayCee decides to issue new common stock, flotation costs will equal $4.00 per share. KayCee's marginal tax rate is 35%. Based on the above information, the cost of retained earnings is A) 26.41%. B) 19.63%. C) 17.55%. D) 20.09%.