Which bond would pay higher interest rate on your investment a treasury bond or a junk bond

A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she o

tigry1 [53]

The worth of the shares when the stockholder originally purchased them is $1105.

<h3>What are shares?</h3>

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

127 = $1,403

∴ 100 = $1,403/127 × 100

= $1104.72

Therefore, $1104.72 is the original purchase price of the share.

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7 0

1 year ago

Mr. D is the manager of a local Walgreens. His biggest concern is to make sure that his store is always making the most profit p

nydimaria [60]

Answer: Just in time inventory

Explanation:

Just in time is the strategy that is generally used in production units where they can efficiently manage the stock by reducing the waste. The waste can be reduced by receiving the goods only when they are needed so this reduced the inventory costs.

Inventory cost are the costs related to procurement, storage and maintenance of the inventory. Walgreens store can reduce the stocking of goods cost by ordering them on time when required alone. The small shipment of goods for every two days once can reduce the inventory cost.

4 0

4 years ago

Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit

ddd [48]

Answer:

A. Material 200,000

Conversion 170,000

B. Materials $ 1.80

Conversion $ 1.55

C. Cost of units completed and transferred out $288,000 $ 248,000 $ 536,000

D. Cost of beginning work in process inventory $50,000

Costs added to production during the period $573,500

Explanation:

A. Calculation for the Blending Department's equivalent units of production for materials and conversion in June.

Equivalent units of production:

Materials

Transferred to next department

160,000

Equivalent units in ending work in process inventory:

Materials: 40,000

(40,000 units × 100% complete )

Equivalent units of production 200,000

Conversion

Transferred to next department

160,000

Add Conversion10,000

40,000 units × 25% complete

Equivalent units of production 170,000

B. Calculation for the Blending Department's cost per equivalent unit for materials and conversion in June.

Cost per equivalent unit:

Materials Conversion

Cost of beginning work in process $25,200 $24,800

Cost added during the period 334,800 238,700

Total cost $360,000 $263,500 (a)

Equivalent units of production

200,000 170,000 (b)

Cost per equivalent unit (a) ÷ (b) $ 1.80 $ 1.55

Materials =($360,000÷200,000=$ 1.80)

Conversion=($263,500÷170,000=$ 1.55)

C. Calculation for the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June.

Materials Conversion Total

Ending work in process inventory:

Equivalent units 40,000 10,000

Cost per equivalent unit $1.80 $1.55

Cost of ending work in process inventory $72,000 $15,500 $ 87,500

Units completed and transferred out:

Units transferred to the next department 160,00 160,000

Cost per equivalent unit $1.80 $1.55

Cost of units completed and transferred out $288,000 $ 248,000 $ 536,000

D. Preparation of a cost reconciliation report for the Blending Department for June

Cost of beginning work in process inventory $50,000

($25,200 + $24,800)

Costs added to production during the period $573,500

($334,800 + $238,700)

3 0

3 years ago

PA9.

meriva

Complete Question:

PA9.

LO 7.3 Fit band's estimated sales are:

$

OCTOBER 131,982

NOVEMBER 195,723

DECEMBER 249,283

JANUARY 124,298

FEBRUARY 124,284

MARCH 124,373

What are the balances in accounts receivable for January, February, and March if 65% of sales is collected in the month of sale, 25% is collected the month after the sale, and 10% is second month after the sale?

Answer:

JANUARY FEBRUARY MARCH

Amount received from November sales 19,572

Amount received from December sales 62,321 24,928

Amount received from January sales 80,794 31,075 12,430

Amount received from November sales 31,071

TOTAL $162,687 $56,003 $43,501

Explanation:

The balances calculated are based on the following formula:

Amount received = Sales Figure of that month * Percentage

65% in the month of sale is received, 25% in the next month and the residual is received in the second month after sales

For the month of November:

65% of its total sales will be received in november, 25% in the next month(December) and the residual 10% in the second month after sale(January). Likewise for the month of January, we see in the computation that 65% of sales was received in the same month, 25% in the next month February and the residual 10% in the second after sale which is in March.

3 0

4 years ago

The following information is provided for Slickers, Inc. for year 2016: • Preferred stock, 5%, $20 par value, 1,500 shares issue

gayaneshka [121]

Answer:

The amount of dividends paid to common stockholders in 2016 is $4000

Explanation:

The cumulative preferred shares are the shares that accumulate dividends in case the dividends on these shares are not paid or paid partially in a year. The accumulated dividends will need to be paid first whenever the company declares dividends.

The amounts of dividends on preferred share for one year is,

Dividends - Preferred shares = 20 * 0.05 * 1500 = $1500

Thus, the accumulated dividends on these preferred shares at start of 2016 is,

Accumulated dividends - Preferred shares = 1500 * 3 = $4500

The common shares holders are paid after the preferred share holders have been paid. This means that we will deduct the amount of accumulated dividends on preferred shares and the dividends for this year on preferred shares from the total dividends to calculate the amount to be paid to common share holders as dividends.

Common stock dividends = 10000 - (4500 + 1500) = $4000

3 0

3 years ago