Answer:
8%
Explanation:
Data provided in the question
Current selling price of the preferred stock = $28
Annual dividend = $2 per share
Flotation cost = $3 per share
Firm tax rate = 40%
So by considering the above information, the cost of new preferred stock is
= Annual dividend per share ÷ (Current selling price of the preferred stock - Flotation cost)
= $2 ÷ ($28 - $3)
= $2 ÷ $25
= 8%
We simply applied the above formula so that the cost of preferred stock could arrive
Answer:
The right answer is option (A).
Explanation:
According to the scenario, given data is :
Time required for one unit = 12 Min
Payment for job = $12.75 / Hour
So, payment for job per minute = $12.75 / 60 = $0.2125 / minute
Hence, Rate per piece = rate/minute × time required for one unit
= $0.2125 × 12
= $2.55
Hence the most appropriate answer is option (A).
Answer: Please refer to Explanation
Explanation:
The following will be the journal entry on October 2nd
October 2
DR Cash $8,400
CR Treasury Stock $8,000
CR Additional Paid-in Capital $400
(To record reissuance of Treasury Stock)
Workings
Cash = 400 * 21
= $8,400
Treasury Stock = 400 * 20 (purchase price)
= $8,000
Additional Paid-in Capital = (21 - 20) * 400
= $400
Answer:
Yes, since you will gain $14
Explanation:
1. We're going to get $6 in this case. Because our profit represents the difference in our readiness to pay and the cost charged by the seller.
2. As we are ready to sell the seller is now 3, from this contract we will receive $17-3= $14.
Every other vendor would lower our $14 surplus
The tender price refers to a purchaser's highest price for money. The demand price corresponds to a seller's cheapest price for a product.
This is known as the spread, but the smaller the spread, the larger the visibility of the defence.
Answer:
There is a drought and very few strawberries are available. More people want the strawberries than there are berries available. The price of strawberries increases dramatically. A huge wave of new, unskilled workers come to a city and all of the workers are willing to take jobs at low wages.
Explanation:
Hope this helps- Good Luck! ^w
