Answer:
$11,000
Explanation:
Given that,
Original cost of land to him = $33,000
Number of shares issued = 1,100
Par value of common stock = $10
The plot of land is exchanged for the shares of common stock. Hence, the value of land at the date of the stock issue is determined by multiplying the number of shares issued with the par value of the common stock. So that we can compare the original cost of land and value of stock issued.
Value of the land:
= Number of shares issued × Par value of common stock
= 1,100 × $10
= $11,000
Answer:
Developing an action plan that identifies ways to achieve your financial goals.
Answer:
Increasing Canadian GDP:
-Toyota, a Japanese company, manufactures cars in Toronto, Ontario.
-ATI Technologies, a Canadian company, operates in Alberta.
Increasing American GDP:
-Toyota, a Japanese company, manufactures cars in San Antonio, Texas.
-Starbucks, a U.S. company, opens stores in New York state.
-Tim Horton's, a Canadian company, opens coffee shops in New England.
Explanation:
Gross domestic product (GDP) is the sum of all final goods and services produced in an economic space for a certain period, usually one year, excluding the intermediate consumption used in production. Until the 1980's, the use of Gross National Product (GNP) was preferred, a measure almost identical to GDP but incorporating goods and services produced by external factors. The variation in this macroeconomic magnitude is often used to measure economic growth.
Answer:
Explanation:
The $10,000 is the face value of the bond. Using a financial calculator, input the following to calculate the price at a year before maturity; i.e. at year 9;
Time to maturity; N = 10 - 9 = 1
Annual interest rate; I/Y = 9%
Annual coupon payment; PMT = 0
Face value of the bond; FV = 10,000
then compute present value ; CPT PV = $9,174.31
Therefore, you will pay less than $10,000 for the bond and the price would be as above $9,174.31
