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snow_lady [41]
3 years ago
10

Urgent!!

Business
1 answer:
lawyer [7]3 years ago
7 0

Marine recon/spec op team is i pick hope this helps

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On August 1, Batson Company issued a 60-day note with a face amount of $58,800 to Jergens Company for merchandise inventory. (As
Trava [24]

Answer:

a. $58,800

b. $57,820

Explanation:

Generally, notes are issued on the discounted or face value. It is face value when the price of the note is the same as the face value while it is discounted when the price of the note is lower than the face or par value.

a. Since the note is issued on the face value of $58,800 , it means that the proceed is the same amount. The proceeds from a note that is issued, is that price at which the note is issued.

b. Discount value

= $58,800 × 10% × 60/360

= $980

Proceeds

= Face/par value of the note - Discount value of the note

= $58,800 - $980

= $57,820

5 0
3 years ago
Art, Inc., has 2,500 shares of 5%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock out
stepladder [879]

Answer:

The amount of dividend received by common stockholders in 2017 = $7500

Explanation:

The preference shares are cumulative which means the 2015 dividend on cumulative preference shares will be paid in the next year when dividend is declatred.

The total dividend on preference shjares is = 2500 * 100 * 0.05 = $12500

In 2016 dividend of 22500 is declared and paid.

Out of this 22500, 12500 relates to prefernece dividend for 2015.

The remaining 10000 relates to 2016 preference dividend. Thus, 2500 of 2016 preference dividned is outstanding and will be paid in 2017.

In 2017 out of 22500, 15000 (12500 + 2500) dividendd is paid to preference share holders.

The amount of dividend received by common stockholders in 2017 = 22500 - 15000 = $7500

7 0
3 years ago
If the nominal interest rate is 4 percent and the inflation rate is 6 percent, then the real interest rate is a.-4 percent. b.-2
marta [7]

The real interest rate given the nominal and inflation rate is -2 percent

<h3>How to calculate the real interest</h3>

The formula for calculating real interest given the nominal and inflation rate is expressed as:

Real interest rate ≈ nominal interest rate − inflation rate

Given the following

Real interest = 4%

inflation rate = 6%

Substituting into the formula

Real interest rate = 4% -  6%

Real interest rate = -2%

Then the real interest rate given the nominal and inflation rate is -2 percent

Learn more on real interest here: brainly.com/question/25545513

7 0
2 years ago
Resources tend to be allocated inefficiently when goods
tensa zangetsu [6.8K]

Answer:

when good are free of charge

Explanation:

8 0
3 years ago
Scenario C: Panhandle Prime Energy Partners is an organization that has undergone a dramatic transformation over the last few ye
goldfiish [28.3K]

Answer:

The answer is: C) Clan

Explanation:

Clan control systems allow organizations to operate as a family, basing its organizational culture on values and beliefs. Management behave more like mentors than traditional bosses. Trust is very important in the organization and few rules and policies exist.

3 0
3 years ago
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