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topjm [15]
3 years ago
8

Nance Corporation’s December 31, 2017 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 30,000

shares authorized; 20,000 shares issued $ 400,000 Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000 Paid-in capital in excess of par value – preferred stock 60,000 Paid-in capital in excess of par value – common stock 28,000,000 Retained earnings 9,650,000 Treasury stock (30,000 shares) 630,000 Nance declared and paid a $90,000 cash dividend on December 15, 2017. If the company’s dividends in arrears prior to that date were $24,000, Nance’s common stockholders received $66,000. $53,000. $42,000. no dividends.

Business
1 answer:
FromTheMoon [43]3 years ago
7 0

Answer:

47960000

Explanation:

Please see attachment .

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A broker's listing agreement specifies that a 5½% commission is to be paid on the sale price. The sales associate for the firm
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The amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.

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First step  find the total commission

Total commission=$369,000 sale price × .055 rate

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Second step find the sales associate's commission

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Suppose that a project has a depreciable investment of $600,000 and falls under the following accelerated depreciation schedule
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Solution :

Depreciation rates   16.67%      16.67%    16.67%     16.67%      16.67%      16.67%

(books)

Depreciation        $100000  $100000 $100000  $100000  $100000  $100000

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Depreciation       $120000  $192000   $115200  $69000  $69000  $34800

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Sally has invested $10,000 now and wants to earn a real interest rate of 10% per year. Assume that the inflation rate is 7% per
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Answer:

Results are below.

Explanation:

Giving the following information:

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Present value (PV)= $10,000

Number of periods (n)= 10 years

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