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Elden [556K]
3 years ago
11

On November 1, Year 1 Cove Company borrowed $7,000 cash from Shelter Company. The one-year note carried a 7% rate of interest.

Business
1 answer:
PSYCHO15rus [73]3 years ago
5 0

Answer:

Assets + 7,000

Liabilities +7,000

Net income no effect

Cash flow statement:

+7,000 from financing activities

Explanation:

The loan will not generate no expense as the note has not accrued interest yet.

Then, cash from financing activities will increase by 7,000 as the firm received cash

Finally, the blaance sheet will disclosure the increasein assets (cash) and the increasein liabilities (note payable)

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When a company has issues bonds, preferred stock, and common stock to investors what investor gets paid last
sasho [114]

When a company has issues bonds, preferred stock, and common stock to investors what investor gets paid last is explained in the following

Explanation:

  • In a buyout, the purchaser is buying all of the common shares of stock for a price it believes to be the fair value of the company as a whole. ... Many preferred shares carry convertibility options, where they can trigger a conversion from preferred into common stock.
  • Preferred stock is a type of ownership that receives greater demand on a company's profits and assets than common stock. While preferred shareholders do not typically have a right to vote in the company, they do hold the benefit of being paid dividends before common shareholders.
  • Most shareholders are attracted to preferred stock because it offers consistent dividend payments without the long maturity dates of bonds or the market fluctuation of common stocks.
  • The main difference between preferred and common stock is that preferred stock gives no voting rights to shareholders while common stock does. Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders.
  • Preferred stocks are not debt issues, so they do not represent loans that are eventually paid back at maturity. ... The yield generated by a preferred stock's dividend payments becomes more attractive as interest rates fall, which causes investors to demand more of the stock and bid up its market value.
4 0
4 years ago
select the correct inference of the given passage from "the cask of amontillado." "he! he! he!--he! he! he!--yes, the amontillad
AysviL [449]
The correct inference of the given passage from "The Cask of Amontillado" is, in my opinion, that B) the narrator and Fortunado are worried about the late hour.
They are concerned about being late to meet the others at the Palazzo. 
4 0
4 years ago
At the level of output at which a single-price monopolist maximizes profit, price is Group of answer choices
Sladkaya [172]

Answer:

Greater than marginal cost.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. It is also known as oligopoly, wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Also, a single-price monopolist is an individual or seller that sells each unit of its products to all its customer at the same price. Hence, a single-price monopolist doesn't engage in price discrimination among its customers (buyers).

At the level of output at which a single-price monopolist maximizes profit, price is greater than marginal cost because the marginal revenue would be below the demand curve.

However, if the marginal cost is greater than the price, the monopolist will not make any profit.

<em>In a nutshell, profit maximization for the single-price monopolist occurs at the point where marginal cost is equal to marginal revenue (MC = MR) on the graph of price (P) against quantity (Q) of goods. </em>

6 0
4 years ago
Costello Corporation reported pretax book income of $500,400. During the current year, the reserve for bad debts increased by $5
Tema [17]

Answer:

$7,266 net deferred tax expense.

Explanation:

Calculation to determine what deferred income tax expense or benefit would be

Using this formula

Deferred income tax expense=[(Tax depreciation exceeded book depreciation-Increase in reserve for bad debts)* Tax rate ]

Let plug in the formula

Deferred income tax expense=[($40,400-$5,800)*21%]

Deferred income tax expense=34,600*21%

Deferred income tax expense=$7,266

Therefore the deferred income tax expense or benefit would be $7,266

6 0
3 years ago
How to manage stress throughout the year​
aalyn [17]
Working out really helps, getting touch with your spirituality, don’t overwhelm yourself and take it easy
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