Answer:
Samuel plays the role of a securities broker.
Explanation:
A securities broker has the function of being the link between the investor and the global financial markets. The broker helps guide the client to make the best investment decisions in the market.
In addition to advising its clients, the securities broker is responsible for buying and selling the shares of its client. To be a securities broker, you must have higher studies in administration, economics, or finance, also have completed the preparation to work as a broker.
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Answer:
$101,200
Explanation:
the cost of land = purchase price of the land + razing expenses - sales of salvaged materials + attorney's fees + broker's fees = $86,000 + $9,700 - $4,400 + $1,500 + $8,400 = $101,200
The cost of the driveways and parking lot are recorded separately (as land improvements), not under cost of land because they can be depreciated.
Architect's fees are generally included in the construction costs of the building, not in the land cost. The architect's fees are covered before the construction starts because you need the blueprints in order to start the construction.
Answer:
$2,122,426
Explanation:
The computation of the amount that must to pay for the retirement of the mortgage is given below:
But first we have to determine the monthly payment i.e. PMT by using excel function
PV=-$2,250,000
RATE = 7.2% ÷ 12 = 0.6%
N = 12 × 30 = 360
FV = 0
PMT = $15,272.73
Now we have to determine the future value
Given that
PV=-$2,250,000
RATE = 7.2% ÷ 12 = 0.6%
N = 12 × 5 = 60
PMT = $15,272.73
So, FV = $2,122,425.62
Answer:
So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.
Explanation:
A non cumulative preferred stock is a kind of stock that has a preference in terms of dividend payment over ordinary/common stock. This means that the dividend on the preferred stock is paid first and any remaining amount after dividend payment to this stock is distributable among common stockholders. Furthermore, in case dividends are not paid in a particular year, that year's dividends are not payable in future in case the stock is a non cumulative one. So, the dividends paid to non cumulative preferred stock in 2010 will be,
Dividend per year - Preferred stock = 10000 * 10 * 0.05 = $5000
So, in 2010, out of the dividends of $12000, $5000 was distributed to preferred stockholders.
