Answer:
6.20%
Explanation:
Calculation for the cost of the preferred stock
First step is to calculate the Annual Dividend Payment on Preferred Stock
Annual Dividend Payment on Preferred Stock = [7% * $80]
Annual Dividend Payment on Preferred Stock = $5.60
Now let calculate the Cost of Preferred Stock using this formula
Cost of Preferred Stock = [Preferred Stock dividend / Market Price of
Preferred Stock (1-Flotation cost)]
Let plug in the formula
Cost of Preferred Stock = [($80 * 7%) / $95(1-0.05)]
Cost of Preferred Stock = [$5.60 / $95 (0.95)]
Cost of Preferred Stock = [$5.60 / $90.25]
Cost of Preferred Stock = 0.0620*100
Cost of Preferred Stock = 6.20%
Therefore the cost of the preferred stock is 6.20%
Answer:Gundy Enterprise journal $
Date
Jan 31 2021
Income statementl Dr 641.67
Mortage Interest. Cr. 641.67
Recognition of interest payable on mortgage loan for December 2021
Jan 31 2021
Mortgage principal Dr 635.52
Mortgage interest Dr. 641.67
Bank Cr. 1277.19
Narration.payment of principal and interest Interest due on mortgage loan as at January 31 2021.
Explanation:
The monthly installment payments of $1277.19 consist of both the principal sum and accompanying monthly interest.
The interest needs to be first recognized as an expenses into the income statement and increase in the mortgage loan. This will prevent an over deduction on the mortgage loan.
Answer:
6.36 %
Explanation:
Unemployment means the state of being jobless but actively searching for work. Unemployed people are part of the labor force.
In the case of Albireo, the work-eligible population is 180 million.
There are 110 million workers in the labor force, and employment level is 103 million. It means that those in the labor force and are not employed are 110 million - 103 million.
The number of unemployed people = 7 million
The formula for calculating the rate of unemployment
= No. of unemployed people / No. in the labor force x 100
=7 million / 110 million x 100
=7/110 x 100
= 0.063 x 100
=6.36 %
