Which accounting principle states that all transactions have two aspects: debit and credit?

Tempo Corp. will issue preferred stock to finance a new artillery line. The firm's existing preferred stock pays a dividend of $

Len [333]

Answer: Relevant cost of new preferred stock = 10.53%

Explanation:

Given:

Dividend = $4.00 per share

Selling for = $40 per share.

Flotation costs = 5% of the selling price.

Marginal tax rate is 30%.

We can compute the cost of new preferred stocks using the following formula:

$Relevant\ cost\ of\ new\ preferred\ stock =\frac{ Dividend}{Current\ price\ after\ flotation\ Cost}$

$Relevant\ cost\ of\ new\ preferred\ stock =\frac{4}{40-(0.05\times40)}$

∴ Relevant cost of new preferred stock = 10.53%

Therefore, the correct option is (d)

6 0

3 years ago

P. Jameson Co. sold $500 of merchandise on Master Card credit sales. The net cash receipts from the sale are immediately deposit

Alchen [17]

Answer:

The journal entry would be as follows:

Account Debit Credit

Cash $480

Sales Revenue $500

Credit Card Expense $20

The Credit Card Expense corresponds to the 4% fee that Master Card charged P. Jameson Co. ($500 x 20% = $20)

4 0

3 years ago

Which of these would be a good candidate for a one-variable data table and payment function?

choli [55]

The correct option is this: CHECKING SCENARIOS WITH VARIABLE DOWN PAYMENT.
A data table is a range of cells, which shows how changing one or two variables in one's formula can affect the value of that formula.
In excel, instead of creating several scenarios, one can create a data table with which one can quickly try out different values for formula.

7 0

3 years ago

__________-has four components, including _________-, which is the ability to connect to others, build positive relationships, r

34kurt

Answer:

The correct words for the blank spaces are: Emotional Intelligence; Relationship Management.

Explanation:

Emotional Intelligence refers to the ability individuals have to control their emotions in reference to the interactions they have with others. Emotional Intelligence has four (4) factors: Self-Awareness, Self-Management, Social Awareness, and Relationship Management.

Relationship management involves getting along with others, handling conflict effectively, and using sensitivity to manage interactions successfully.

8 0

3 years ago

The term economies of scale refers to the fact that as the:

frutty [35]

Answer:

quantity of product produced in a given period increases, the cost of manufacturing each unit decreases

Explanation:

Economies of scale happens when the average total cost (variable + fixed production costs per unit) decreases as total output increases. This generally takes place because fixed costs are the same for a small number of units produced or a large number of units produced, so the average fixed cost per unit tend to decrease as more units are produced (at least up to certain point). Variable production costs per unit can also decrease as total output increases since materials might be purchased in larger quantities resulting in higher discounts or labor productivity increases.

7 0

3 years ago