Answer:
8.10%
Explanation:
The required rate of return (yield) on the preferred stock = Dividend / Price
= $12.80 / $158 = 0.0810126582278481 = 8.10%
Answer:
Deceptive sales technique
Explanation:
Based on the information provided within the question it can be said that what the salesperson did in this scenario is an example of a Deceptive sales technique. This term refers to when a salesperson pushes a product or service on a customer with high-pressure by appealing to that individuals potential fears, greed, or vanity in order to convince them on purchasing the product. Exactly what the salesperson did to Jordan.
Answer:
Amount to be included is Dividend income = $81,600
Explanation:
Dividend income = $272,000 * 30% =81,600
The only Investment amount to be include in the income statement is the dividend received (returns)
Answer:
Wayman Corporation
Multiple-step income statement
Sales $425,000
Less: Cost of goods sold <u>$135,000</u>
Gross Profit $290,000
Operating Expenses
Salary Expenses $45,000
Utility Expenses $55,000
Advertising Expenses <u>$35,000</u>
Total Operating Expenses <u>($135,000)</u>
Net Operating Income $155,000
Other Income and Expenses
Interest expense <u>$25,000</u>
Net Income before Tax $130,000
Income tax expense <u>$55,000
</u>
Net Income <u>$75,000</u>
