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3 years ago

Corporate stock can be divided into categories called , which can be further divided into .

Business

1 answer:

Sophie [7]3 years ago

4 0

Answer:

c. classes, series.

Explanation:

Corporate stock refers to the shares issued to the shareholders through which the company gets its funds for the business.

These shares are of two classes mainly:

Equity and Preference

These are further divided into series like:

Equity = Fully paid, 50% paid

Preference = 5% Preference or 10% preference capital or any other rate.

Further it includes, the reserve and surplus also.

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Answer:

$266.42

Explanation:

$318.59-$52.17=$266.42

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3 years ago

At the present time, Water and Power Company (WPC) has 5-year noncallable bonds with a face value of $1,000 that are outstanding

kicyunya [14]

Answer:

6.53%

Explanation:

For computing the after cost of debt we need to use the RATE formula i.e to be shown in attached spreadsheet. Kindly find it below:

Given that,

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Future value or Face value = $1,000

PMT = 1,000 × 10% = $100

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= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after applying this above formula

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3 years ago

In the United States, all financial institutions are required to conduct business at a physical location only.

worty [1.4K]

Answer:

B-False

Explanation:

Because some companies do business online.

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3 years ago

Chapter 3 Homework Questions 3, 4 3. Balance Sheet. Construct a balance sheet for Sophie’s Sofas given the following data. What

Svet_ta [14]

Answer:

<u>BALANCE SHEET</u>

Assets Liabilities

Cash 10,000 Account Payable 17,000

Account Receivable 22,000 Long term 170,000

Inventory 200,000 Total Liab 187,000

non-current assets 100,000 Equity 145,000 (A)

total assets 332,000 Total liab + SE 332,000

Earnings before interest and taxes: 11,000 dolllars

Net income 8,000

Explanation:

(A) solve through the accounting equation

assets = laib + equity

332,000 = 187,000 + Equity = 332,000 - 187,000 = 145,000

income tax expense: 2,000

rate 20%

Earnings before taxes x 20% = 2,000

EBT = 2,000 / 0.2 = 10,000

Net income : 10,000 - 2,000 = 8,000

EBIT: EBT + interest expense

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4 years ago

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3 years ago

Corporate stock can be divided into categories called ________, which can be further divided into ________.

Corporate stock can be divided into categories called , which can be further divided into .