Answer:
Weight of Bonds = 99.0%
Explanation:
<em>The weight of capital component is the proportion of the market value of that capital in relation to the total market value.</em>
<em>Hence, the weight of bond would be the ratio of the its market value to the total market value</em>
<em>Market Value</em>
Equity = 83× 6000 = 498,000
Bonds = 710× 1000 × 94 = 66,740,000
Preferred stock = 36× 4900 = <u>498,000 </u>
Total <u> 67,414,400 </u>
Weight of Bonds =( Market value of bonds/Total market Value) × 100
=(66,740,000 / 67,414,400) × 100 = 99.0%
Weight of Bonds = 99.0%
Answer:
These are the correct journal entries:
Account Debit Credit
Building $100,000
Cash $40,000
Mortgage Payable $60,000
Interest Expense $3,000
Accrued Interest Payable $3,000
TRUE. Advances in technology are constantly changing how people work and conduct business.
With the advancement of technology, people are adjusting to maximize the benefits they get from said advances.
For example, before the creation of cellular phones, the means of communication were through mailed letters and telegraphs, then it evolved to land lines, beepers, cellular phones, and finally, the internet (skype, ym, im,etc.)