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3 years ago

Why was steel important to the second industrial revolution?

1 answer:

6 0

Steel was important to the second industrial revolution majorly because of its properties and its potential uses. Because steel is very strong, light and cheap, it was found ideal for many purposes. Steel was used to make many of the new inventions that characterized that period, a good example of this is rail road.

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Suppose the U.S. Treasury offers to sell you a bond for $687.25. No payments will be made until the bond matures 5 years from no

pantera1 [17]

Answer:

Explanation:

Data provided as per question is as given below:-

Redeemed amount = $1,000

Sale value of Bond = $687.25

Number of year = 5

The computation of interest rate is as shown below:-

Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1

= (1,000 ÷ 747.25) ^ (1 ÷ 5) - 1

= (1.338) ^ (0.2) - 1

= 0.06

= 6%

5 0

3 years ago

Shareholders of public companies need to appoint a board of directors to represent their interests because:_____.

Svetllana [295]

Shareholders of public companies need to appoint a board of directors to represent their interests because of the separation of ownership and control.

Today's board members are supposed to reflect a variety of independent viewpoints. Strategic monitoring and planning are the major responsibilities of a board of directors. Even though these phrases are frequently used, it's crucial to remember that these tasks constitute the foundation of effective company planning.

A board of directors serves much more than just as the organization's public face. When selecting new board members to fill open positions, boards often seek for specific traits. Board members anticipate that their other directors will be open to challenging and in-depth questioning that seek to examine all sides of an issue. Board members must be thoroughly informed about any significant issues that have an impact on the company. Because risks are multiplying and getting more complicated, identifying risks has become an essential component of the board job.

Learn more about Board of directors here brainly.com/question/16342939

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4 0

2 years ago

Hey people i have nothing to sy so yeah HI

stira [4]

Answer: hi

Explanation:

6 0

2 years ago

Read 2 more answers

Mary Co. paid dividends of $5,000, $6,200, and $8,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,700 sha

Monica [59]

Answer :

Amount of dividend paid =$1,350

Explanation :

The computation is shown below:

As per the data given in the question,

Dividend per year for preferred stock = $1700 × $100 × 3.5%

= $5,950

Particulars Year 1 Year 2 Year 3

Preferred dividend $5,000 $6,200 $6,650

($700+$5,950)

Preferred dividend in arrears $950 $700

($5,950-$5,000) ($5,950+$950-$6,200)

Therefore dividends for common shareholders is

= $8,000 - $6,650

= $1,350

4 0

3 years ago

g Ming Company has 500,000 shares of $10 par value common stock outstanding. During the year Ming declared a 10% stock dividend

just olya [345]

Answer:

$2,600,000

Explanation:

total shares of ming company = 500000

the dividend = 10%

10% * 500000 = 50000

stock dividend amount = 50000 share x 30 dolarrs

= 1500000

outstanding shares aftrr dividend = 500000+(500000*10%)

= 500000 + 50000 = 550,000

cash dividend = $2 per share

= 550000 * 2

= 1100000

decrease in retained earning = stock dividend + cash dividend

= 1500000 + 1100000

= $2,600,000

7 0

3 years ago