Explanation:
For enjoying and enjoying the time of your life
Answer:
Amount of the company's total capital stock at December 31, 2019:
Common stock = 8,000 x $15 = $120,000
Preferred stock = 2,000 x $30 = <u>$60,000</u>
Total issued share capital $180,000
Add: Net income at 31 December, 2019 <u>$375,000</u>
Total capital stock <u>$ 555,000</u>
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Explanation:
Total capital stock is the aggregate of par value of common stock, par value of preferred stock and net income.
Answer:
- After-tax interest rate ⇒ 3.2%
- True tax on interest income ⇒ 20%
Explanation:
After-tax real interest rate:
= Real interest rate * (1 - tax rate)
= 4% * (1 - 20%)
= 4% * 80%
= 3.2%
True tax on interest income:
= 20%
True tax on interest income is the tax rate levied on the nominal interest rate which is 20%.
Answer:
The correct answer is letter "C": natural gas refinery.
Explanation:
Process cost systems are used by companies which production process go through several steps manufacturing large batches of homogeneous products. Process costing uses a Work-In-Progress (WIP) account for the progress of the production. Typical examples of industries that use the process costings system are<em> petroleum </em>and <em>paint</em>.
Answer:
The usefulness of the magazine
Explanation:
A primary factor that determines or affect the demand of a particular finished product or service is the amount of satisfaction that the customer (consumer) will derive from the use of such products or services.
This ultimately implies that, the utility or usefulness of a product or service determines whether or not it will be demanded by the consumers.
Hence, the demand for a consumer magazine is affected by the usefulness of the magazine. A consumer is most likely to buy a magazine only if it has informations that interest him or her i.e usefulness.
