Answer:
Value of preferred stock will be $140
Explanation:
We have given par value of preferred stock = $100
Dividend rate = 14 %
Discount rate on preferred stock = 12%
Preferred stock dividend
We have to find the value of preferred stock
Value of preferred stock
So value of preferred stock will be $140
Instead of focusing on how much they dread doing homework, students should try to change their perception and realize that what they are learning is a foundation for the rest of their lives. Correct answer: D
Changing their perception means changing their attitude towards learning. Recognizing that learning is very important and will open them new doors will help students.
Your answer should be $68,992. Hope this helps!!
Answer: Sales for the period is $6,100
Explanation:
1. The purchases for the period was posted into a wrong account which is supply expenses.
We have to adjust that entry by:
DR: Purchases. $4,800
CR: Supplies Exp. $4,800
Being wrong posting of purchases for the period.
2. Sales for the period:
Opening inventory $3,500
Purchases. $4,800
Closing Inventory. ($2,200)
Sales. $6,100
DR: Bank $6,100
CR: Sales. $6,100
Being sales for the month of july
Answer:
$8,369.38
Explanation:
The amount that must be placed in the account can be viewed as a yearly instalment usually represented by PMT. The PMT is calculated as :
PV = $0
FV = $40,000
N = 4
P/yr = 1
I/yr = 12%
PMT = ??
Using a Financial calculator, PMT is $8,369.38
thus,
The amount that must be placed in the account at the end of each year is $8,369.38.