Answer:
4.31%
Explanation:
Calculation for the bank’s cost of preferred stock
Using this formula
Cost of preferred stock=Dividend / Selling price of stock
Let plug in the formula
Cost of preferred stock= $ 3.75 / $ 87
Cost of preferred stock= 4.31%
Therefore the Cost of preferred stock will be 4.31%
The answer is E. i might be wrong
Answer:
Explanation:
The preparation of ta static budget report for the second quarter is shown below:
CROIX COMPANY
Sales Budget Report
For the Quarter Ended June 30, 2017
Second Quarter Year to date
Product Line Budget Actual Difference Budget Actual Difference
New Guitar $383,500 $387,400 $3,900 $700,200 $690,500 $9,700
Favorable Unfavorable
The year to date balances are computed below:
For Budget:
= $383,500 + $316,700
= $700,200
For Actual:
= $387,400 + $690,500
= 690,500
Answer: The correct answer is "installment accounts".
Explanation: The quality cars business model implies that customers can pay a reduced percentage of the cash price, and for the remaining balance a financing over 48 months, charging a monthly interest for that balance. Thus Quality Cars is employing<u> installment accounts</u> in its business.