used cars can require repairs sooner warranties can be very limited used cars can have lower initial cost unexpected issues may arise
hope this helps <3
Answer:
Item 1
Debit : Cash $144,000
Credit : Common Stock $120,000
Credit : Common Stock Paid in Excess of Par $24,000
Item 2
Debit : Cash $39,000
Credit : Common Stock $39,000
Item 3
Debit : Cash $39,000
Credit : Common Stock $39,000
Item 4
Debit : Cash $89,000
Credit : Preferred Stock $50,000
Credit : Preferred Stock paid in excess of par $39,000
Explanation:
Take a careful note on Par value Stocks and No Par Value Stocks. A reserve is created whenever Stocks are issued above their Par Value.
Answer:
$47.58
Explanation:
The computation of the stock price is shown below:
Provided that
Next year dividend = $2.95
Growth rate = 4.4%
Required rate of return is 10.6%
So, the stock price is
= Next year dividend ÷ (Required rate of return - growth rate)
= $2.95 ÷ (10.60% - 4.4%)
= $2.95 ÷ 6.2%
= $47.58
This is the answer but the same is not mentioned in the given options
Answer: 2.63
Explanation:
The Market to Book ratio is also referred to as the price to book ratio. It is a financial evaluation of the market value of a company relative to its book value. It should be noted that the market value is current stock price of every outstanding shares that the company has while the book value is the amount that the company will have left after its assets have been liquidated and all liabilities have been repaid.
The market-to-book ratio will be the market price per share divided by the book value. It should be noted that the book value per share is the net worth of the business divided by the number of outstanding shares. The book value will be:
= [(12500 ×1) + $21200]/12500
= ($12500 + $21200)/$12500
= $33700/12500
=$2.70
The market-to-book ratio will now be:
= $7.10/$2.70
=2.63
Answer:
B. Search engine
Explanation:
Search engine is a program that internet users uses in getting information from the world wide web on what is been searched for. The search engine uses key words from the search to locate websites where information concerning the subject could be found. Common examples of search engines includes Yahoo, Google and bing. By inputting "ty cobb" on his computer and getting back over 30 websites containing information on ty Cobb, Robert must have used a search engine.
