Explanation:
The Journal Entry is shown below:-
a. Cash Account Dr, $660,000
To Notes payable $660,000
(Being amount borrowed is recorded)
b. Cash Dr, $705,600
Loss on transfer of receivable Dr, $14,400
To Accounts receivable $720,000
(Being transfer of accounts receivable is recorded)
The rate of interest charged to Glenda would be 5.18% upon the payment of her car in five annual installments.
<h3>What is a rate of interest?</h3>
The percentage of interest charged over the principal amount of loan or advances for a particular period of time, is known as the rate of interest of such loan.
The computation of rate of interest using the formula and given information will be,
Hence, the computation of the rate of interest is as aforementioned.
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Answer and Explanation:
The computation of the dividend per share for each class of stock for four years are as follows
Preferred stock
= 25,000 shares × $25 × 3%
= $18,750
The dividend per share is
= $18,750 ÷ 25,000 shares
= $0.75
Now for the first year
= $7,250 ÷ 25,000
= $0.29
And the 0 is for Common stockholders
For the second year
Preferred stock
= $11,750 ÷ $25,000
= $0.47
And the 0 is for Common stockholders
For the third year
Preferred stock
= $0.46 + $0.28 + $0.75
= $1.49
And for the Common stockholders
= $27,900 ÷ 31,000 shares
= $0.9
For the fourth year
Preferred stock = $0.75
And, for the common stockholders
= $94,860 ÷ 31,000 shares
= $3.06
Answer:
The correct answer is letter "D": triggering event.
Explanation:
A triggering event is one that causes another event to happen, It can be described as the cause that unleashes an effect. Triggering events can be external but they can also be personal actions individuals take in purpose or sometimes they happen by accident.
The correct answer will be skilled workers.
The Virginia company first sent a group of soldiers, rich gentlemen, and skilled workers to found a strong colony.
Explanation:
The Virginia Company refers put together to 2 joint-stock corporations. The goal of the Virginia Company was clear enough: to determine a permanent colony in America that will create a profit for the corporate. The corporate had the facility to appoint a Council of leaders within the colony, a Governor, and different officers
