Answer:
Balance on balance on July 1 is $31490.67
Explanation:
given data
deposited P = $27,000
time = April 2 to May 12 = 40 days
rate = 4 % = 0.04
solution
we get here first compound amount that is express as
amount = P × 
...................1
put her value
amount = 27000 × 
amount = $27118.60
and
now we add here $4,200 in $27118.60 that will be
new principal P = $31318.60
and time t = 12 may to July 1 = 50 days
we get here amount that is put value in equation 1 we get
amount = $31318.60 × 
solve it we get
amount = $31490.67
so that balance on balance on July 1 is $31490.67
Since the company is following a periodic inventory system, it has to use temporary accounts to record sales and purchases.
Transaction A
Purchases – Dr 860500
Accounts payable 860500
Transaction B
Accounts payable - Dr $111,600
Purchase returns $111,600
Transaction C
Accounts payable - Dr 748900
Discount received 14,978
Cash 733,922
Answer:
B. 21.8%
Explanation:
Cost of preference capital = 
No adjustment of growth rate is done as the dividend on preference capital is constant and do not grow in normal conditions, that is it only differs in exceptional conditions.
therefore, in the given instance we have,
Dividend = $2.40
Current price = $11
Expected Return = 
= 21.8%
Thus correct option is
B. 21.8%
Answer:
7.76%
Explanation:
The computation of the weighted average flotation cost is shown below:
= Weightage of equity × flotation cost for new equity + Weightage of debt × flotation cost for debt
Since the debt-equity ratio is 0.7 which means the debt value is 7 and the equity value is 10 so the total firm would be 1.70
So, Weighted of debt = (0.7 ÷ 1.70) =0.411
And, the weighted of common stock = (Common stock ÷ total firm)
= (1) ÷ (1.70)
= 0.588
Now put these values to the above formula
So, the value would equal to
= (0.588 × 9%) + (0.411 × 6%)
= 0.05292% + 0.02466%
= 7.76%
