Which is the following resumes would most likely get thrown in the garbage

A preferred share of Coquihalla Corporation will pay a dividend of $8 in the upcoming year and every year thereafter; that is, d

ki77a [65]

Answer:

Intrinsic value is $114.30

Explanation:

Given:

Dividend paid = $8

Required rate of return = 7% or 0.07

There is no growth in dividends.

Calculate price of preferred share using DDM as shown below:

Price of preferred share = Dividend paid ÷ Required rate of return

= 8 ÷ 0.07

= $114.28 or $114.3

Therefore, price of preferred share is $114.30

6 0

3 years ago

Do you think calling an employee a subordinate will impact their motivation levels?

WITCHER [35]

Answer:

I believe that referring to the employee as a subordinate can negatively affect the employee's motivation levels.

Explanation:

Although an employee is subordinate to the company owner, or to other high-ranking employees, such as a manager, for example. Referring to the employee as a subordinate can negatively affect the employee's motivation and productivity. This is because this word can pass a tone of devaluation, where the employee can understand that he is not esteemed and necessary within the company. The feeling of irrelevance, can leave the employee saddened and unwilling to do his best work within the institution.

8 0

3 years ago

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in

Mandarinka [93]

Answer:

A Merchandising Company

Journal Entries:

Nov. 5:

Debit Inventory $6,000

Credit Accounts Payable $6,000

To record the purchase of 600 units of a product at a cost of $10 per unit, terms, 2/10, n/60.

Nov. 7:

Debit Accounts Payable $250

Credit Inventory $250

To record the return of 25 defective units.

Nov. 15:

Debit Accounts Payable $5,750

Credit Cash Discount $115

Credit Cash Account $5,635

To record payment on account.

Explanation:

The journal entries show the accounts affected by each transaction. Two or more accounts are usually affected. One account receives value and is debited and the other gives value, and it is credited.

The trade terms 2/10, n/60 implies that a cash discount of 2% on the outstanding balance exists for early settlement on account within 10 days and the credit period should not exceed 60 days or two months.

4 0

3 years ago

Wildhorse Company provides the following information about its defined benefit pension plan for the year 2017.

GrogVix [38]

Answer:

Pension Expense = $104,730

(See explanation for worksheet)

Explanation:

Pension worksheet inserting January 1, 2017, balances, showing December 31, 2017.

Computation of pension expense:

Service cost ------------------------------------ $91,100

Interest cost ($694,300 x 10%) --------- $69,430

Expected return on plan assets ------ ($65,100)

Prior service cost amortization ----------- $9,400

Pension expense for 2017 is then calculated by:

Service Cost + Interest Cost + Prior Service Cost Amortization - Expected Return on Plan Assets

Pension Expense = $91,000 + $69,430 + $9,400 - $65,100

Pension Expense = $104,730

4 0

3 years ago

Harrison owns a convertible bond with an 6% annual coupon and a $1,000 face value. It matures in 15 years and can be exchanged f

raketka [301]

Answer:

$953

Explanation:

According IFRS the equity and Liability portion of a bond should be recorded separately at the time of bond Issuance. The Liability portion can be calculated current value of the similar non convertible bonds and the difference between the Present value of cash flows and total proceeds from bond is the equity value.

Convertible Bond are value at the present value of their cash flows.

Use following formula to calculate the value of the bond.

Value of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Value of the Bond = ($1,000 x 6%) x [ ( 1 - ( 1 + 6.5% )^-15 ) / 6.5% ] + [ $1,000 / ( 1 + 6.5% )^15 ]

Value of the Bond = $952.99

3 0

3 years ago