Answer:
Par value of common stock = $10 per share.
Explanation:
Provided information we have the following:
3% Preferred stock = $200 par 600 shares outstanding = $120,000
Common stock = shares outstanding = 77,000
$231,000 = Paid in capital
$770,000 Par Common stock
Thus, Common stock par value = $770,000/77,000 = $10 per share.
Note: when the information about equity or preference capital is placed in balance sheet only outstanding and treasury shares are considered, authorized capital is not considered, as that represents the maximum number of shares a company can issue.
Thus, par value of common stock = $10 per share.
Answer:
Macroeconomics
Explanation:
Macroeconomics studies the economy as a whole.
Microeconomics studies individuals and firms in the economy
Answer:
8.33333333333333
[( Current value - Original value ) / Original value ] * 100
Answer:
$6,240.
Explanation:
Reconciliation Statement
Bank balance before reconciliation $4,590
Add: Deposits in transit 2,600
Less: Outstanding Checks (950)
Reconciled Bank Balance at April 30, 2019 $6,240
Cash balance before reconciliation $6,320
Add: Interest Revenue 60
Less: Bank service charges (140)
Reconciled Cash Balance at April 30, 2019 $6,240
<u>Notes</u>
- Deposit in transit and Outstanding checks are already recorded in company's books but not yet recorded with the bank because these checks might have reached bank after working hours. So, we have to update the bank's record.
- We have to update the cash balance with the information that is with the bank and has been provided to us at the period end. This include the interest revenue, already updated in the bank balance, and bank service charges.
Answer:
a. Rate of return is 4.81%
b. He will receive the same return of 4.81% percent as the fund manger have.
Explanation:
a.
Start of the year NAV = $22 x 103% = $22.66
End of the year NAV = $23.10 x 0.92 = $21.25
Change in Price = 21.25 - 22.66 = - $1.41
Rate of Return = (( Change in NAV + Distribution received ) / start of the year NAV) x 100
Rate of Return = (( -$1.41 + $2.5 ) / 22.66 ) x 100
Rate of Return = 4.81%
b.
He will receive the same return of 4.81% percent as the fund manger have.