The activity that brings in the most foreign exchange to Central Africa is <u>Mining</u>.
<h3>How much mining is done in Central Africa?</h3>
Central African nations such as Central African Republic are well known to have a lot of natural resources.
Minerals available include copper, diamonds, limestone, uranium and others. As a result, mining these minerals brings foreign exchange to the region.
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Answer:
Wang Company
Statement of financial position
Equity and liabilities
Issued share capital $70,000
Retained earnings $45,000
115,000
Assets
Non-Current assets
Fixed assets $22,000
Current assets
Cash in hand $93,000
$115,000
Wang company
Income statement
Net sales $88,000
Cost of sales $38,000
Gross margin $50,000
Less:admin expenses $5,000
Net Profit $45,0000
Answer:
The cost of preferred stock is 10.2%
Explanation:
The actual amount realized from issuing the preferred of $100 per share par value is the par value less cost of issuing and selling stock of $2 per share, in other words,$98($100-$2) was realized per share from the issuance.
Having known the net amount realized, the cost of preferred stock can be calculated as follows:
cost of preferred stock =return on preferred stock/net amount realized
return is 10% of $100(par value), i.e $10 per share
cost of preferred stock =$10/$98=10.2%
Note that preferred is not tax deductible like debt financing , hence the rate of tax given is not considered in determining the cost of preferred stock.
Answer:
$980,879
Explanation:
Recall that
PVAn = (CF1 / (i - g)) × [1 - ((1+g)n/ (1+i))n]
Where
CFI = 120000 × 2.5%
= 123000
i = 15%
g = 2.5%
n = 50
Thus
PVAn = ($123,000 / (15% - 2.50%)) × [1 - ((1+2.5%)50 / (1+15%))50]
= 984000 × 1 - (51.25)/(57.5)
= 984000 × 0.996828
= 980,878.752
= $980, 879
