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PIT_PIT [208]
3 years ago
11

K's Bridal Shoppe has 3,067 shares of common stock outstanding at a price of $17 a share. It also has 510 shares of preferred st

ock outstanding at a price of $21 a share. There are 64 bonds outstanding that have a semiannual coupon payment of $30. The bonds mature in four years, have a face value of $1,000, and sell at 97 percent of par. What is the capital structure weight of the common stock
Business
1 answer:
Tema [17]3 years ago
6 0

Answer:

41.73%

Explanation:

The solution of the capital structure weight of the common stock is provided below:-

To reach the capital structure weight of the common stock we need to find out the total of capital base and issue value of common stock is here below:-

Total of Capital Base = Value of Common stock on issue + Value of preferred stock on issue + Value of Bond on issue (after discount)

= (3,067 × $17) + (510 × $21) + 64 × ($1,000 × 97%)

= $52,139 + $10,710 + 64 × $970

= $52,139 + $10,710 + $62,080

= $124,929

Issue on Value of Common Stock = 3,067 × $17

=  $52,139

Capital structure weight of the common stock = Issue on Value of Common Stock ÷ Total of Capital Base

= $52,139 ÷ $124,929

= 41.73%

Therefore, we put the values to find out the Capital structure weight of the common stock.

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BabaBlast [244]

It can be said that kent and julie have Low Inter-rater Reliability.

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5 0
1 year ago
Which of the following is a correct statement regarding the shipment of goods?
Nutka1998 [239]

Answer:

The answer is A) The shipping document must be in paper form.

Explanation:

When you are shipping goods (specially if you´re exporting or importing goods) you need a lot of paperwork done. The carrier, customs official, the banks involved, insurance companies, etc., all require several types of documents. The most important ones are:

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And all those documents need to be in paper form and some require several copies.

6 0
4 years ago
Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000. Last year, Jacob received a nontaxable
dezoksy [38]

Answer:

Jacob purchased 10000 shares form Grebe corporation two years ago for $24000

last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation

In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000

The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share

profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year

Explanation:

Jacob purchased 10000 shares form Grebe corporation two years ago for $24000

last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation

In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000

The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share

profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year

8 0
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Answer:

salary prior to taxes and tax deductions.

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Pay stub gives a detailed information about total earnings of an employee for the pay period, tax deductions from the total as well as the net pay after deductions.

Federal Insurance Contributions Act (FICA) is usually written on all pay stubs, which is an indication of an employee's contribution to Medicare and Social Security.

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