I may be wrong but I believe it was copper that’s why some america coins are still made out of it today
Answer:
The multiple choices missing from the question are:
a. $60,000.
b. $50,000.
c. $57,000.
d. $59,000.
Option D,$59000 is correct
Explanation:
The recorded cost of the equipment is made of purchase cost,the sales tax since it is not recoverable,shipping cost as well as the installation cost.
The recorded cost is computed thus:
Purchase price $50,000
sales tax $4,000
shipping $3,000
installation $2,000
total cost $59,000
The rationale for including shipping and installation costs is that asset cost should include cost of bringing the asset to current location(shipping) and condition(installation)
Answer:
The cost of the company’s preferred stock financing is 15.7%
Explanation:
In this question, we are asked to calculate a company’s cost of preferred stock financing.
Firstly, we calculate the annual dividend of the company.
Mathematically, that is equal to dividend rate * par value
From the question, dividend rate is 16% while par value is $75
Thus, Annual dividend is 16/100 * 75 = $12
To get the cost of preferred stock, we employ a mathematical approach.
Mathematically, cost of preferred stock = Annual dividend/(current price - floatation cost)
From the question, current price is $80 while the floatation cost is $3.5 per share.
Cost of preferred stock = 12/(80-3.5)
= 12/76.5 = 0.157
This is same as 15.7%
Answer:Share premium account of $24,000
The provider of attorney services of $30,000
Explanation:
On provision of services, the Attorney services expenses account is debited with $54,000 and the attorney services provider account credited with $54,000
Furthermore a share account is opened for the provider and credited with $30,000 , the share premium is credited $24,000 and a debit transfer is made to his liability account initially credited.
The $24,000 credit to share premium represents the difference between the nominal value of the share of $5 and the market value of $9 multiply by the 30,000 shares he was paid with.
Also a memorandum will be issued to state that 6000 share has been transferred from Miller to the attorney services provider and the shares will be delited from his name and entered in the name of the services provider because the credit of shares to his account does not represents new shares issued but it's the transfer of Miller's shares to him.
What’s the quesitos asking? Like I know it’s a quick sort but like about what?
