Hey There!
Here is your answer:
Your answer is: False!
Indentured servants are slaves that are working to pay off debt. Which means indentured servants can work more than 7 years you pay off debt for whatever they own to the person!
Your answer is False!
Hope this helps!
$12500000
external equity is needed
<u>Explanation:</u>
The given data:
Production capacity to be maintained : 45%, investment = $20 million, debt level to be maintained = 35%, dividend distributing = 55%, net income = $5 million
<u>INVESTMENT IN PLANT MACHINARY
</u>
= $20000000
<u>NET INCOME OF YEAR 2018</u> = $5000000
<u>RETAINED EARNNING AFTER DIVIDEND
</u>
= $2250000
<u>DEBT FINANCING
</u>
= $5250000
<u>EXTERNAL EQUITY NEEDED
</u>
= TOTAL INVESTMENT - DEBT FINANCING - RETAINED EARNNINGS
= $12500000
Answer:
A breach of contract
Explanation:
A breach of contract occurs when one party fails to follow the terms of a contract
<span>The demand for wheat would increase by 0.2 percent. Income elasticity indicates how much demand for something increases or decreases when income goes up or down. It is the calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.</span>
Answer:
8.38%
Explanation:
Data provided
Annual dividend = $8.5
Perpetual preferred stock = $102.50
Flotation cost = 4.00%
The computation of cost of preferred stock is shown below:-
Cost of preferred stock = Annual dividend - (Perpetual preferred stock - (Perpetual preferred stock × Flotation cost percentage))
= $8.5 ÷ ($102.50 - ($102.50 × 0.04))
= $8.5 ÷ ($102.50 - $4.1)
= $8.5 ÷ $101.4
= 8.38%
