If the midlands pencil corporation has issued several different debt securities, an investor would expect the lowest income stream from <u>convertible debentures.</u>
Convertible bonds have many positive attributes for investors, but the main drawback is that investors accept lower interest rates in exchange for these benefits.
Convertible debentures are fixed rate debentures that pay interest but can be converted into a specified number of ordinary shares or shares. Conversion of a bond into equity may occur at certain times during the life of the bond and is generally at the discretion of the bondholder.
Due to this logic, a convertible bond allows the issuer to indirectly sell its common stock at a price higher than its current price. From a buyer's perspective, convertible bonds are attractive because they offer the opportunity to capture the potentially high yields associated with equities, but also the security of bonds.
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Answer:
Three ways employers use to pay employees include salary, hourly wage and commission.
Explanation:
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Answer:
See below
Explanation:
Given the above information, the amount of the adjusting entry to record the estimated uncollectible account receivable is computed as seen below;
= Bad debt expense × Net credit sales
= 4% × $947,400
= $37,896
Then,
=Balance - Allowance for doubtful account (debit balance)
= $37,896 - $533
= $37,363
Then, the amount of the adjusting entry to record the estimated uncollectible account receivable is $37,363
Answer:
5,000
Explanation:
Data provided in the question:
Quarterly fixed costs of the store = $50,000
Unit cost of the product = $10
Selling cost of per unit = $20
Now,
Contribution margin = Selling cost of per unit - Unit cost of the product
= $20 - $10
= $10
also, we know that
Break even units = [Fixed cost] ÷ [Contribution margin]
= $50,000 ÷ $10
= 5,000
