Answer:
7.79%
Explanation:
Calculation to determine the required rate of return (yield) on the preferred stock
Using this formula
Cost of preferred stock=Annual Dividend per share/Current price of preferred stock
Let plug in the formula
Cost of preferred stock=$11.45/$147
Cost of preferred stock=0.0779*100
Cost of preferred stock=7.79%
Therefore the required rate of return (yield) on the preferred stock is 7.79%
Answer:
$63,400
Explanation:
Revenue is recorded during the financial year when incurred. So, consider only those items related to revenue that were incurred in 2019. The only revenue item incurred in 2019 is Advertising Services on Account of $63,400.
Cash Receipt of $12,200 is cash payment for revenue already recorded.
Deposits for Services not yet performed is a Liability and will be recognized as revenue when the services are performed. That is control of goods or service is transferred to the customer.
Answer:
The answer is: B) demand curve for Matthew’s pies will decrease.
Explanation:
When the cost of a production input increases, the supplier faces higher production costs. Apples are a key input used to produce apple pies, and an increase in the price of apples will increase Matthew's production costs.
If the production costs increase, producing the good or service becomes less profitable, reducing the supply of that good or service. Since Matthew will earn less money from baking apple pies, he is likely to decrease the quantity of apple pies he bakes.
A decrease in the supply will shift the supply curve to the left.
