Answer:
4.31%
Explanation:
Calculation for the bank’s cost of preferred stock
Using this formula
Cost of preferred stock=Dividend / Selling price of stock
Let plug in the formula
Cost of preferred stock= $ 3.75 / $ 87
Cost of preferred stock= 4.31%
Therefore the Cost of preferred stock will be 4.31%
Answer:
The Prestige Company's cash conversion cycle is 77.2 days which makes B the correct choice.
Explanation:
We have the cash conversion cycle is the average amount of time it takes for company to convert cash outflow for inventory purchasing to cash inflow for revenue generating, which is calculated as:
Cash conversion cycle = Days of inventory outstanding + Days of sales outstanding - Days of payable outstanding = 42.7 + 91.3 - 56.8 = 77.2 days.
So, B. 77.2 days is the correct choice.
Answer:
$0
Explanation:
Alamos Co. exchanged equipments and $18,200 cash for a similar equipment
The book value of the old equipment is $81,100
The fair value of the old equipment is $91,900
The gain/loss recorded by Alamos can be calculated as follows
= Fair value-book value
= $91,900-$81,100
= $10,800
= $10,800
But since the exchange lacks a commercial substance then, no amount of gain or loss will be recognized/recorded.
Hence Alamos Corporation recorded a gain of $0
Answer:
d. rational decision making
Explanation:
Rational decision making -
It refers to using the proper thought process during the act of decision making , is referred to as rational decision making .
The method supports in the decision making , it makes the use of knowledge and information in a very proper manner .
This method is employed during making a very high value decision .
Hence , from the given scenario of the question ,
The correct answer is d. rational decision making .
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