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3 years ago

which of the following most accurately describes the difference between common stock and preferred stock

1 answer:

5 0

The main difference is a preferred stock gives no voting rights to shareholders and a common stock does.
Preferred shareholders have priority over a company’s income.

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Assuming that Brandt entered into a forward contract to sell 10 million South Korean won on December 1, 2020, as a fair value he

romanna [79]

The net impact on its net income in 2020 resulting from a fluctuation in the value of the won is : $250 decrease in net income.

First step is to calculate the Discount on forward contract

Discount on forward contract=[($0.0035 − $0.0034) × 10 million

Discount on forward contract=$0.0001 × 10 million

Discount on forward contract= $1,000

Second step is to amortized the Discount on forward contract

Amortization of discount on forward contract=$1,000 / 4 months

Amortization of discount on forward contract=$250 per month

Based on the above calculation foreign exchange loss of the amount of $250 will be recognized on December 31, 2020.

Therefore the net impact on its net income in 2020 resulting from a fluctuation in the value of the won is a decrease of $250.

Learn more here: brainly.com/question/19353936

7 0

2 years ago

On December 1, Miser Corporation exchanged 6,000 shares of its $25 par value common stock held in treasury for a parcel of land

Bond [772]

Answer:

Capitalized value $582.000.

Explanation:

Step 1. Given information.

The common share of Miser had a fair value of $50 per share.

Step 2. Formulas needed to solve the exercise.

Fair value of shares = Price per share * (Amount by selling scrap - exchanged shares)
Capitalized value = fair value of shares - value of scrap.

Step 3. Calculation.

Fair value of shares = $50 * (18.000 - 6.000) = $600.000

Land should be capitalized by fair market value of share exchanged less any recovery of scrap as land will be developed for future plant.

Step 4. Solution.

Fair value of shares = $50*12.000 = $600.000

Less: value of scrap = $18.000 .

Capitalized value = $600.000 - $18.000 = $582.000.

4 0

3 years ago

Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for

Alborosie

Complete question :

Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. Calculate Eddie's commission.

Answer:

$717.20

Explanation:

Given that :

Percentage commission earned on sale = 12%

Cost of items sold this week:

Couch = $1234

Bedroom suite = $1789

Chair = $563

Total cost of items :

($1234 + $1789 + $563) = $3586

Commission of 20% on sales :

20% of $3586

0.2 * $3586

= $717.20

3 0

2 years ago

What is a summary jury trial?

melisa1 [442]

Answer:i say E

Explanation:

Because no matter what you would still have to attend the jury trial

4 0

3 years ago

g Tadeo Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $ 42 comma 000 $ 45 comma

timofeeve [1]

Answer:

A. 68,800

Explanation:

Cash balance at end of April is = Beginning cash balance on April 1st + Cash collection in April - Purchase of Materials in APril - Operating Expense in April - Capital Expenditures in APril = 14000 + 42000 - 7000 - 7000 - 5000 = 37000

Cash balance at end of May is = Beginning cash balance in May + Cash collection in May - Purchase of Materials in May - Operating Expense in May = 37000 + 45000 - 7200 - 6000 = 68,800

4 0

2 years ago