Answer:
11.96%
Explanation:
Calculation for Torch Industries company's cost of preferred stock,
Using this formula
Cost of preferred stock = Dividend / Stock Price * 100
Where:
Dividend =$7.00
Stock Price = $58,50
Hence,
= $7 / $58.50 * 100
= 11.96%
Therefore the company's cost of preferred stock will be 11.96%
Nirav recently opened a savings account offering 2% annual compound interest, this means that Nirav will earn the same amount of interest each year for four years.
<h3>What is a saving account?</h3>
An account at a retail bank is formally called as a savings account. This is a type of account that person granted a person that his money is safe in a particular bank. Refer to the image below for the complete question.
The given case tells about that <u>what would be the impact</u> of savings account offering 2% annual compound interest on Nirav, then he will earn the same amount of interest compounded each year for four years.
Learn more about the interest, refer to:
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Answer:
$25,300
Explanation:
The computation of the common shareholders received the dividend for the year 2021 is shown below:
Since in the year 2021, the dividend i.e. declared is $61,000
Now the preference shareholders dividend is
= $510,000 × 0.07
= $35,700
So for common shareholders, the dividend would be
= $61,000 - $35,700
= $25,300
Answer:
The largest monthly payment he can afford for the T.V set in order to be kept within a safe load of 20% is $156
Explanation:
Before we calculate, let us extract the key information from this question:-
*** David's monthly net income is $1,360
*** David pays a monthly rent of $450
*** He is paying off a student loan which costs him $116 per month.
*** He intends purchasing a new T.v set
*** We are simply required to determine the largest monthly payment that David can afford for the T.v set in order for him to be kept within a safe load of 20%.
In order to calculate the largest monthly payment that he can afford for the T.v set so as to be kept within a safe load of 20%, we will need to determine the actual amount that is twenty percent of his net income. If his net income is $1,360 then twenty percent of it is:
20/100 × 1360
= 27200/100
= $272
All we need to do now to find the largest monthly payment he can afford for the TV set is to subtract the student loan that he is paying off monthly ($116) from twenty percent of his net income ($272). That is:-
$272 - $116 = $156
Therefore the largest monthly payment that David can afford for the television set in order for his credit card payments and student loan to keep him within a safe debt load of 20% is $156.
Answer: Commodity Money
Explanation:
Commodity money is used to describe goods that have an intrinsic value that enable them to be used as a medium of exchange for goods and services. For a good to be used as commodity money, it should be rare and easily exchangeable.
Examples of goods that have been and can be used as commodity money include gold, silver, alcohol and cigarettes with cigarettes being especially popular in prison.
