Answer:
b. performance.
Explanation:
Discharge of contract by performance is when the both the parties agreeing to a contract performs their respective promises.
Discharge of contract by performance is a normal and natural mode of completing a contract.
Once the performance i.e the agreeing statements are proper and complete by the both the parties, they are free from the further liabilities.
Answer:
Common stockholder
Explanation:
The common stockholder is that stockholder who acquires a minimum one stock of the company. The treatment of the common stockholder is that he gets the dividend after distribution to the preferred stockholders. Moreover, it also gets the right to vote on company issues.
According to the given situation, the most appropriate term is a common stockholder.
Answer:
Student loan.
Explanation:
Student loans are given to assist students pay for university education. Loans can cover turion, living expenses, and books.
Interest rate charged is very low and repayment can be deferred till after the student graduates.
The most common type of student loan are federal loans(offered by the federal government). They have a lower interest rate than student loans offered by private institutions like banks, schools and credit unions.
Answer:
Warranty Expense $3,600 (debit)
Warranty Provision $3,600 (credit)
Explanation:
There is no option on the customer to take the warranty or not.Thus, this type of warranty is called an Assurance type Warranty.
Assurance type Warranties are treated in terms of IAS 37 Provisions as follows :
Warranty Expense $3,600 (debit)
Warranty Provision $3,600 (credit)
Warranty Expense = $120,000 × 3% = $3,600
Answer and Explanation:
The computation is shown below:
a. The company cost of capital is
Cost of equity = (D1 ÷ share price)+ Dividend growth rate
= ($1 ÷ $30) + 0.04
= 0.033 +0.04
= 0.0733 or 7.33%
Now
b. Cost of new equity is
= (D1 ÷ share price × (1 - flotation cost)) + Dividend growth rate
= [$1 ÷ $30 × (1 - 0.1)] + 0.04
= ($1 ÷ $30 × 0.9) + 0.04
= 1 ÷ 27 + 0.04
= 0.037 + 0.04
= 0.07704 or 7.71%