Answer:
1. B
2. A
Explanation:
1. the answer is lower higher.
when a note has been discounted, the person who issues it is going to get its value at maturity. in a situation where it does not bear interes, this is the face value and it is going to be reduced by discount. such that the cash received would be lower than the face value. but when it is repaid, effective rate would be higher than the value of the discount.
2. <u>a. The total future cash payments</u><u> </u><u>is</u> what be compared to the carrying amount of the debt to determine if the debtor should report a gain on restructuring. the other options do not answer this question.
Answer:
The answer is "15 minutes"
Explanation:
I will approximately spend 15 minutes on prewriting once i have gathered the information needed.
Answer:
$56.89
Explanation:
The computation of the current price of this preferred stock is shown below:
= Annual dividend ÷ required rate of return
where,
Annual dividend equal to
= Quarterly dividend × number of quarters in a year
= $1.65 × 4 quarters
= $6.6
And, the required rate of return is 11.6%
Now put these values to the above formula
So, the price would equal to
= $6.6 ÷ 11.6%
= $56.89
Answer:
0.875
Explanation:
The income elasticity of demand measures the responsiveness of quantity demanded to changes in income.
Income elasticity of demand = percentage change in quantity demanded / percentage change in income
14% / 16% = 0.875
Demand is inelastic because the coefficient of elasticity is less than one.
I hope my answer helps you
Answer:
Dr Retained Earnings $6,000
Cr Common Dividends Payable $6,000
Explanation:
Preparation of the journal entry to record the dividend declaration
Based on the information given we were told that the Corporation declared the amount of $0.50 per share cash dividend on common shares in which 12,000 shares of the common stock are outstanding, hence The journal entry to record the dividend declaration is:
Dr Retained Earnings $6,000
Cr Common Dividends Payable $6,000
(12,000*$0.50)
