Answer:
1,212,723 shares
Explanation:
Given that,
Value of issuing preferred stock = $33,000,000
Discount rate = 11.87%
Dividend paid = $3.23
Price of preferred stock:
= Annual dividend ÷ discount rate
= $3.23 ÷ 0.1187
= $27.2115
Shares will they need to issue:
= Value of issuing preferred stock ÷ Price of preferred stock
= $33,000,000 ÷ $27.2115
= 1,212,723
When you are considering a financial institution you should consider what type of accounts you want to have, how much money you have and if you want to invest. Different financial institutions offer different rates and benefits for their members so it makes sense to figure out your options based on what you want in return.
Answer:
d. contracts for the sale of goods.
Explanation:
Common law governs all the contracts that are related to employment, services, real estate or construction, insurance, etc
But it does not govern that contract who are related to the Uniform Commerical code (UGC) or by regulations agencies who operates in administrative services
Like the sale or leasing of goods covered under the Uniform Commerical code (UGC) so the same does not come under the common law
hence, the correct option is d
Answer:
c) Debt of $20 million and assets of $570 million
Explanation:
Line of credit increases liability in a company's Balance sheet only when it is used. Thus, PBC (Peanut Butter & Chocolate) Company will have debt of $20 Million and Assets of $570 Million
Answer:
$702,400
Explanation:
Data provided in the question:
Cost of the machine acquired = $1,110,000
Useful life of the machine = 5 years
Residual value = $91,000
Method of depreciation is straight line
Now,
Annual depreciation =
or
⇒ Annual depreciation =
or
⇒ Annual depreciation = $203,800
Book value = Cost of the machine - (Total depreciation in the given period)
now,
Duration of period from January 1, 2018 to end of 2019 = 2 years
Therefore,
The total depreciation = 2 × Annual depreciation
= 2 × $203,800
= $407,600
Hence,
Book value at the end of 2019 = $1,110,000 - $407,600
or
Book value at the end of 2019 = $702,400