Assuming that you wanted to know how to journal this, it would be :
Dec. 31
Debit Credit
Income Summary $ 188,000
Retained Earning $ 188,000
Answer:
$56.89
Explanation:
The computation of the current price of this preferred stock is shown below:
= Annual dividend ÷ required rate of return
where,
Annual dividend equal to
= Quarterly dividend × number of quarters in a year
= $1.65 × 4 quarters
= $6.6
And, the required rate of return is 11.6%
Now put these values to the above formula
So, the price would equal to
= $6.6 ÷ 11.6%
= $56.89
Answer:
<em>c. evaluative criteria
</em>
Explanation:
Evaluative criteria are <em>when a consumer chooses a different product because of factors like value, cost, and functionality from the one they initially had in mind. </em>
It could take a little while for certain consumers to study and explore different goods before they purchase.
While some, just before they purchase, can make the decision automatically.
Ending Balance = Previous Balance + Deposits - Withdrawals is the mathematical formula that you would use to describe the financial activity on a bank statement.
In the Given Formula, the Previous Balance is the amount of money that you had in your bank account on the first date of the bank statement.
The term "Deposits" will include all the money that was deposited into your bank account. The term "Withdrawal" will include all the money that was taken out or withdrawn from your bank account.
At the end of the bank statement, the ending balance is shown which will include the previous balance and the difference between deposits and withdrawals.
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