Answer:
The return or yield on this preferred stock is 4.53%.
Explanation:
The yield is the effective rate of interest/dividend you receive on a preferred stock based on the current price at which the stock is trading at. Thus the formula for yield on a preferred stock can be written as:
Yield or return on preferred stock = Dividend / Current share price
Yield = 0.85 / 18.75 = 0.0453 or 4.53%
A) Divisibility can easily be divided into smaller value.
An oligopoly is a market form in which a market is dominated by a small number of sellers. For example, as of fourth quarter 2008, Verizon, AT&T, Sprint, and T-Mobile together control 97% of the US cellular phone market. Competition is limited in an oligopoly because barriers to entry are high.The most important barriers are government licenses, economies of scale, patents, access to expensive and complex technology, and strategic actions by incumbent firms designed to discourage or destroy nascent firms.
C, Dancing. Have a good rest of your day!!
Answer and Explanation:
The journal entries are shown below:
On May 10
Purchases ($16,400 × 98%) $16,072
To Accounts Payable $16,072
(Being the purchase of goods is recorded)
On May 11
Purchases ($15,500 × 99 %) $15,345
To Accounts Payable $15,345
(Being the purchase of goods is recorded)
On May 19
Accounts Payable $16,072
To Cash $16,072
(Being the payment of cash is recorded)
On May 24
Purchases ($10,600 × 98%) 10,388
To Accounts Payable 10,388
(Being the purchase of goods is recorded)
