<span>A shoe department carries more than 55 different styles of white sandals. this is a description of the shoe department's merchandise depth.
When you mix the product (merchandise) depth (variety) and product breadth (full amount) you are left with the </span>product or merchandise mix. In this case, a shoe department store that has 55 styles, has a large merchandise or product depth.
Answer:
7.73%
Explanation:
The computation of the cost of preferred stock is shown below:
As we know that
Cost of preferred stock = {Annual dividend ÷ (price - flotation cost)} × 100
where,
Annual dividend = 6.0% × $100 = $6
Flotation cost = $80 × 0.03 = $2.4
And, the price is $80
So, the cost of preferred stock is
={$6 ÷ ($80 - $2.4)} × 100
= ($6 ÷ 77.6) × 100
= 7.73%
We simply applied the above formula
Raw materials are goods that are for processing which will result in finished products which are for sale.
The raw materials inventory includes the metal of $13,000 and the cloth of $6,000 or a total of $19,000. The $2,000 cleaning supplies do not fall under the classification of raw materials, instead, this falls under prepaid supplies and later reclassified to supplies expense once consumed.
Conduit debt, which are bonds or other debt products issued by the government on behalf of a 3rd party non-government entity. This is often used to finance building projects that will benefit the public interest.