Answer:
d. 12.6%
Explanation:
Rollins Corporation will receive $100 - ($100 x 5% flotation costs) = $100 - $5 = $95 net for each preferred stock issued
Since it will have to pay $12 on preferred dividends, the cost of preferred stocks = preferred dividend per preferred stock / net amount received per preferred stock = $12 / $95 = 0.1263 = 12.6%
Flotation costs are costs that a corporation incurs when issuing new stocks or bonds, and they include legal fees, underwriting fees, etc.
Answer:
A product whose demand rises when income rises, and vise versa, is a Normal Good.
Explanation:
Hope this helps! Have a good day!
Answer:
$445,000
Explanation:
The rent in Volusian company income statement for 2016 is $420,000
The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016
Therefore the cash paid for rent in 2016 can be calculated as follows
= $420,000+($95,000-$70,000)
= $420,000 + $25,000
= $445,000
Answer: Direct materials and direct labor.
Explanation:
Prime costs are the basic expenses a production company pays for to enable production. The prime cost basically involves cost on labor and raw materials needed for production.
The pairs of goods for which the cross-price elasticity would be postive are pens and pencils.
<h3>What is cross-price elasticity?</h3>
Cross price elasticity of demand measures the percentage change in the quantity demanded of good A to percentage change in the price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods. Substitute goods are goods that can be used in place of another good.
Here are the options of this question:
a. peanut butter and jelly
b. bicycle frames and bicycle tires
c. pens and pencils
d. college textbooks and iPods
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
