Answer:
$26.67 million
Explanation:
The computation of price per share is shown below:-
Total market value = $1,150 million + $120 million
= $1,270 million
Market value of equity = Total market value - value of debt - value of preferred stock
= $1,270 million - ($120 million + $300 million + $50 million)
= $1,270 million - $470 million
= $800 million
Price per share = Market value of equity ÷ Stock outstanding
= $800 million ÷ $30 million
= $26.67 million
Answer and Explanation:
Journal entry to record the issuance of the bonds.
A.
Jan 1
Dr cash $500,000
Cr bonds payable $500,000
B. Journal entry to record the accrual of the interest
Dec 31 2020
Dr Interest expense $25,000
Cr Interest Payable $25,000
C. Journal entry to record the payment of interest on January 1, 2021.
Dr Interest expense $25,000
Cr Cash $25,0000
Interest expense $500,000×10%×1/2=$25,000
<u>Answer:</u>
<em>C. By allowing members of the other culture to understand your role within their culture </em>
<u>Explanation:</u>
- <em>Look to get it. </em>
- <em>Try not to make assumptions. </em>
- <em>Keep a receptive outlook. </em>
- <em>Evade generalizations. </em>
- <em>Start with who you know. </em>
- <em>Go to multicultural systems administration occasions. </em>
- <em>Get involved. </em>
- <em>Keep your statement. </em>
- <em>
Accept positive expectation. </em>
This is the way communicators show regard and impart successfully and decidedly with individuals in different societies, By enabling individuals from the other <em>culture to comprehend your job</em> inside their way of life.
Answer:
b. the increase in the interest rate creates an income effect that is greater than the substitution effect.
Explanation:
Interest rate can be regarded as amount that is been charged by lender for using an assets, this asset could be cash, goods, and this is usually display as a percentage of the lent principal.
The income effect gives shows how increased purchasing power can impact consumption, substitution effect on other hands, shows how changing relative income as well prices impact consumption. Both economics concepts give expression of changes that occur in the market as well as how this changes impact consumption patterns as regards consumer goods and services.
It should be noted that the increase in the interest rate creates an income effect that is greater than the substitution effect.