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:
The adjusting entry is as follows;
July 31
Rent Expense Debit $ 3,280
Prepaid Rent Credit $ 3,280
To record rent expense for the month of July
Explanation:
Prepaid rent payment $ 19,680
Period of payment 6 months
Period of benefit 1 month
Rent expense for 1 month I.e July is computed as
$ 19,680/6 months * 1 month $ 3,280
Answer: Database File
Explanation:
From the given case/scenario , we can state that Bryan needs to create <em>database file. </em>Database files tends to store the data and information, at times usually it is stored in series of several tables, field the data values and table field. The data and information is then further organized and stored in accordance to data model.
Answer:
set above the equilibruim price
Answer:
Spot quote
Explanation:
Intermodal transport can be defined as the transportation of goods in one and the same truck or loading medium without handling the goods themselves in a different transport modes.
A shipping container refers to a metal container made from steel and having the ability or strength to withstand all external factors during shipment or storage of materials. It is an essential part of transportation of goods or materials from one location to another, thereby boosting trade between countries.
The various types of shipping containers are, dry storage container, open-side storage container, ISO Reefer container, flat rack container, tunnel container, open top container, double doors container, thermal containers, intermodal freight container etc.
Basically, the two standard sizes of shipping containers are 20ft (6.06m) and 40ft (12.2m): which has a width of 8ft (2.43m) and height of 8.5ft (2.59m).
A spot quote for a freight refers to a rate quote for each individual Line haul. Thus, this rate is usually calculated using current market parameters without a contract.
This ultimately implies that, the spot rate is generally outside the contracted rates and is typically required to be sent immediately.
