Answer: Independent bank reconciliations.
Explanation:
A bank reconciliation is a process by which the records of a bank account are verified to be correct, by comparing the personal records with the records that appear on the bank statement. This process is usually done independently when a company wants to audit its accounts and reconcile its processes.
Because this is a review of bank accounts (savings, payroll, checking accounts), no physical control is needed to do it, but rather a monetary control.
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Answer: $12800.36
Explanation:
Investment amount = 12,500*(1-0.03) = 12,125
Future vaue in one year,FV1 is 12,125*1.08 = 13,095.00
After expenses we get, 13,095.00*(1-0.0225) = 12,800.36
It changes over time, depending on the expected rate of return on productive assets exchanged among market participants and people's time preferences for consumption.
Answer:
The yield to call is 5.07%
Explanation:
The yield to call can be computed using the rate formula in excel,which is given as :=rate(nper,pmt,-pv,fv)
nper is the number of years to call which is 6 years
pmt is the annual interest coupon payable by the bond,which is :6.75%*$1000=$67.5
The pv is the current price at which the bond is offered to investors. i.e $1,135.25
fv is the price at the bond would be called in six years i.e par value+premium
par value is $1000
premium is $67.5
call price is $1067.5
=rate(6,67.5,-1135.25,1067.5)
rate=5.07%
Answer:
Dividend paid to be paid to common stockholder=$ 20,000
Explanation:
Common stock holders are the real risk bearers as they receive as dividends the residual amount after all other claims have been settled.
Preference shares entitles the holders to participate in a fixed dividend out of the profit made by the company. The divide is always a fixed percentage of the nominal value of the preference shares
Cumulative preference shares: Cumulative simply implies that should the company misses the payment of dividend in a particular year such unpaid dividend would be carried carried forward and paid in arrears in the following year/
Preference dividends
2019 - 5.5% × $100 × 5,000= $27500
2020 - 5.5% × $100 × 5,000 = $27500
Total preferred to be paid in 2020 = 55,000
Dividends paid to common stock = Total dividend for 2020- Total preference dividend in 2020
Dividend paid to be paid to common stockholder
= 75,000-55,000= 20,000
Dividend paid to be paid to common stockholder=$ 20,000
