Answer:
b.True
Preferred Stock as their name suggest comes first in the dividend distribution.
If it makes no <u>purchase of the new shares </u>then, their investment will decrease to $76,800 as the market value no longer is $48 per share
This is an example of dilution that is, the decrease in both, business participation and also, value of the investment as new shares are issued the older investor will take a hit in their participation if they don't purchase additional shares in the new issuances
Explanation:
2,000 shares x $38.40 = 76,800
Answer:
A. $93,600
Explanation:
Data provided as per the question below:-
Face value = $90,000
Quoted price = 104
The computation of selling price is shown below:-
Selling Price = Face value × Quoted price ÷ 100
= $90,000 × 104 ÷ 100
= $90,000 × 1.04
= $93,600
Therefore for computing the selling price we simply applied the above formula.
Hello! The higher the salary, the more skills that you need to obtain the job. So just by looking at the answer choices, it is definitely NOT A, because while Attorneys get paid the most of the jobs listed, Administrative Assistants get paid the least. B could be true, because both have the highest paid salaries, but I heard that jobs for law are pretty low, so I'll come back to B. It's not C, because being a teacher doesn't require as much skill as technology jobs do. Nurses (as well as the healthcare field in general) are in high demand and software engineers are, too, due to technology advancements. I think the answer is B, because those take a lot of skill, experience, and years of training to be really good at. The answer is B.
Answer:
1. 166,000
2. 188,000
Explanation:
The budgeted accounts receivable balance on September 30 and Budgeted cash receipts for october n be calculated as follows
July
Opening -
Credit sales 240,000
Collection
20% of July 48,000
Closing 192,000
August
Opening 192,000
Credit sales 220,000
Total 412,000
Collection
20% of August 44,000
70% of July 168,000
Total receipts 208,000
Closing 200,000
September
Opening 200,000
Credit sales 180,000
Total 380,000
Collection
20% of september 36,000
70% of august 154,000
10% of july 24,000
Total receipts 214,000
Closing 166,000
October
Opening 166,000
Credit sales 200,000
Total 366,000
Collection
20% of October 40,000
70% of september 126,000
10% of august 22,000
Total receipt 188,000
Closing 178,000
