Answer:
The cost of the preferred stock, including flotation is 11.31%
Explanation:
In order to calculate the cost of the preferred stock, including flotation we would have to use the following formula:
cost of the preferred stock= <u>Annual Dividend</u>
Price×(1-Flotation Cost)
cost of the preferred stock=<u> $11 </u>
$108×(1-10%)
cost of the preferred stock=<u> $11 </u>
$97.20
cost of the preferred stock=11.31%
The cost of the preferred stock, including flotation is 11.31%
Sales journals use to record company transactions.
The sales journal sometimes referred to as the credit sales journal, is used to file all income made on account. The sales magazine for the Fortune save is shown underneath. all of the income on account for June are proven in this journal; cash sales are recorded in the coins receipts journal.
A sales journal is a subsidiary ledger used to shop specified sales transactions. Its primary motive is to eliminate a supply of excessive-quantity transactions from the overall ledger, thereby streamlining the general ledger.
The sales journal (additionally referred to as income book and income day e-book) is a special journal that is used to record all credit sales. every transaction that is entered in sales magazine basically outcomes in a debit to accounts receivable account and a credit to an income account.
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Answer:
$284,000
Explanation:
Calculation to determine what The financing section of the statement of cash flows will report net cash inflows of
Using this formula
Net cash inflows=Common stock-Dividends-Treasury stock
Let plug in the formula
Net cash inflows= $389000-$88000 -$17000
Net cash inflows=$284,000
Therefore The financing section of the statement of cash flows will report net cash inflows of $284,000