Answer:
c. 9.32%
Explanation:
The computation of the yield or return on the preferred stock is shown below:
= (Annual dividend rate × par value ) ÷ current stock price
= (6.20% × $ 85 ) ÷ $56.50
= 9.32%
Hence, the yield or return on the preferred stock is %
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
The advertising career that interest me the most is marketing
Explanation:
Answer:
assets on the balance sheet.
Explanation:
Reserves are percentages of deposits that are required for depository institutions to keep to meet unforeseen contingency. they are usually kept in bank vaults
they are assets and they cannot be lent out
Answer:
Contribute cash to the partnership.
Explanation:
Generally each partner in the partnership has capital balances represented as credit balances.
Capital balances do not have debit balances, if a partner has deficit balance, it means he has less than the balance as required for his share to be maintained.
Further if the partnership is declared insolvent, for any reason, the partner having deficit balance shall first bring in cash to add balance to his account, and remove the deficiency in his account.
Therefore, the correct option is
Contribute cash to the partnership.
Answer:
Date Account Titles and Explanation Debit Credit
WIP - Assembly department $57,600
WIP - Finishing department $40,000
Manufacturing overhead $97,600
(To assign overheads to assembly and finishing department)
Explanation:
Labor cost assigned to assembly = $36,000
Labor cost assigned to finishing = $61,000 - $36,000 = $25000
Manufacturing cost assigned to assembly = $36,000 *160% = $57600
Manufacturing cost assigned to finishing = $25000 * 160% = $40000