Wal-Mart, direct competitors would be places like Target, K-Mart, and Kohls.
Explanation:
Total Sales = 75,000
Bad debt = 75,000*3% = 2250
Entry: Debit Credit
Bad debt expense 2250
Allowance for Doubtful debt 2250
Answer:
Fly Corporation
The stock price will not be affected by the accounting change.
Explanation:
This opinion is based on the assumption that the capital markets are efficient. Therefore, the stock's market price will reflect all available and relevant information. Since all the necessary information is already incorporated into the stock price, the CEO of Fly Corporation cannot beat the market by the change in accounting method, and the stock price will not be undervalued or overvalued. Moreover, the change in accounting method only shifts the timing for reporting income.
Explanation:
10%×1.2+30%×0.8+40%×1.1+20%×1.5=12%+24%+44%+30%=1.1?
The cost of the preferred stock including flotation is 13.37%.
Explanation:
The computation of the cost of the preferred stock is shown below:
= Annual dividend ÷ Price × (1 - flotation cost)
= $11 ÷ 87.50 × (1 - 0.06)
= $11 ÷ $82.25
= 13.37%
Hence, the cost of the preferred stock is 13.37%.
Learn more about flotation here :
brainly.com/question/13501786
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