Who was the owner of the large estate at derbyshire?

Fastlane Company has 50,000 shares of common stock and 20,000 shares of preferred stock outstanding. There was no change in the

gavmur [86]

Answer:

Option b is correct

Net income = $370,000

Explanation:

Dividend paid to common stock holders = Dividend payout ratio× earnings available to common stockholder

Let the total earnings be "y"

120,000 =80%× y

y = 120,000/0.8

y= 250,000

Net income = Earnings payable to common stockholders + Preferred dividend

Net income = 250000 + 120,000 = $370,000

Net income = $370,000

5 0

3 years ago

Tanner-UNF Corporation acquired as an investment $260 million of 5% bonds, dated July 1, on July 1, 2021. Company management is

nordsb [41]

Answer:

Tanner-UNF Corporation

a. Journal Entry

July 1, 2021:

Debit Investment in Bonds $260 million

Credit Discount on bonds $60 million

Credit Cash $200 million

To record the acquisition of bonds.

December 31, 2021:

Debit Cash $6.5 million

Debit Discount on bonds $0.5 million

Credit Interest Revenue $7 million

To record cash received from bond investment and amortization of the bond discount for the semi-period.

b. Debit Unrealized Bonds Investment Loss $45 million

Credit Investment in Bonds $45 million

To record the unrealized loss on the investments.

Explanation:

a) Data and Calculations:

July 1, 2021:

Face value of bonds = $260 million

Interest rate = 5%

Market interest rate = 7%

Payment for the bonds = $200 million

Discount on bonds = $60 million

December 31, 2021:

Semi-annual interest cash receipts = $6.5 million ($260m * 2.5%)

Semi-annual interest revenue = $7 million ($200m * 3.5%)

Amortization of bonds discount = $0.5 ($7 million - $6.5 million)

Fair value of bonds = $215 million

3 0

3 years ago

Felix Wants To Start Showing His Google Display Ads To A Narrower Audience With The Help Of Demographic Targeting. Which Two Typ

BigorU [14]

Answer: Age and Gender.

Explanation:

All available options listed in the question can be used in demographic targeting when doing marketing but the two most important demographics normally considered when doing marketing are age and gender, because these two factors greatly influence how consumers make purchase.

4 0

3 years ago

Why might you complete a 1040 instead of a 1040EZ

Mekhanik [1.2K]

A. you own a home other options are just qualifications. good luck

7 0

3 years ago

Read 2 more answers

A government bond with a coupon rate of 5% makes semiannual coupon payments on January 7 and July 7 of each year. The Wall Stree

Morgarella [4.7K]

Answer:

The value of the bond is 1,003.8771 after subtracting the accrued interest to the market value of the bond.

Explanation:

From the amount provide by the Wall Street Journal there are two component, the bonds value and the interest accrued over time.

we should calcualte the interst and subtract to get the bond value:

principal x rate x time = interest

rate and time should match, so the 5% rate should be convert into a 2.5% rate and we express time as portion of 182 days:

1,000 x 0.025 x (22-7)/182 = 2,060439 = 2.060439 interest

1,005.9375 - 2.0604 = <em>1,003.8771</em>

5 0

4 years ago