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nasty-shy [4]
2 years ago
12

Sixth fourth bank has an issue of preferred stock with a $6.10 stated dividend that just sold for $123 per share. what is the ba

nk's cost of preferred stock? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.) cost of preferred stock %
Business
1 answer:
Darya [45]2 years ago
3 0
A preferred stock is a class of possession in a company that has a developed claim on its properties and incomes than common stock. 
The formula would be:
RE = D1 / P1
RE = 6.10 / 123
RE = 0.0496
Multiply this to 100%
Bank's cost of preferred stock is 4.96%
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You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of prob
Sphinxa [80]

Answer:

Pure project

Explanation:

A pure project management structure is one in which a team works full time on a project and the project manager of such project has full control of the project with very little control/interference from the top management levels.

This lesser interference from top management levels the more control and flexibility of the project managers towards accomplishing the project.

Cheers.

6 0
2 years ago
On August 1, Greene Company purchased merchandise inventory on account with a list price of $25,000 and credit terms of 2/10, n/
Alekssandra [29.7K]

Answer:

August 1, merchandise purchased on account 2/10, n/30

Dr Merchandise inventory 25,000

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Explanation:

If Greene paid within the discount period, the journal entry to record the payment would be:

August 2-11, payment of accounts payable

Dr Accounts payable 25,000

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If Greene didn't paid within the discount period, the journal entry to record the payment would be:

August 20, payment of accounts payable

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5 0
3 years ago
Allura’s Little Robotics Company sells Good S in a perfectly competitive market with a downward-sloping demand curve and an upwa
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Answer:

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6 0
2 years ago
In what accounts should the following items be classified? (a) Coins and currency. (b) U.S. Treasury (government) bonds. (c) Cer
Dimas [21]

Answer:

Explanation:

Cash: generally classify cash as a cuffent asset Cash conststs of coins, currency, and available on deposit at the bank Cash the most liquid of as*ts, is standard medium of exchange and fre basis for meas_wtng and accountmg for all other items

Cash quivalents: cash equivalents are short-term, highly liquid investments that are both readily convertible to known amount of cash.

Accounts Receivable: Receivables are clams held against customers and others for money, goods, or services

Short term investments: Investments for one year or less called as short-tem investments

Long-term assets: Long-term means more than one accounting cycle period

Items                                                                                               Accounts

a) Coins and currency                                                                   Cash

b) U S treasury (government) bonds                                            Cash equivalent

c) Certificate of deposit (matures in 5 months)                           Short term investment

d) Cash in a bank that is in receivership                                     Account receivable.

e1) NSF check ( Returned with bank statement)(if uncollectible)                           A loss if uncollectible

e2) NSF check ( Returned with bank statement)(if collectible)                           Accounts receivables

f1) Deposited in foreign bank (exchangeability limited )(if not expendable)               Other assets, if not expendable.

f2) Deposited in foreign bank (exchangeability limited )(if expendable)       Cash if expendable for goods and services in a foreign country

g1) Postdated checks (if collection expected within one year)                                                                    Short term investments

g2) Postdated checks (if collection expected within beyond year)                                                                    long term investments

8 0
2 years ago
What is say's law in economics
Radda [10]

Answer:

Say's law in economics is the ability to purchase something depends on the ability to produce and thereby generate income.

6 0
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