Answer:
$9.50
Explanation:
In the given case, the value of the firm preferred stock is equal to the market value price or selling price of the preferred stock
In mathematically,
Value of the firm preferred stock = market price or selling price of the preferred stock
Value of the firm preferred stock = $9.50
It only consider the market price of the preferred stock
All other information which is given is not relevant. Hence, ignored it
Answer:
Particulars Type Appearance
Account Payable Liability Balance Sheet
Property, plant and equipment Asset Balance Sheet
Inventories Asset Balance Sheet
Long term Debt Liability Balance Sheet
Cost of Goods Sold Expense Income statement
Retained Earnings Equity Balance Sheet
Research and Development Expense Income statement
Prepaid Expenses Asset Balance Sheet
Common Stock Equity Balance Sheet
Account Receivable Asset Balance
Answer:
D. $5,300,000 $0
Explanation
Debt service Fund General fund
Accumulated for principal payments $5,000,000 ( Debt service Fund)
Add Accumulated for interest payments $300,000( Debt service Fund)
Total $5,300,000
General fund
$0
$0
These restricted funds should be accounted for in the: Debt service fund General fund is $5,300,000 because the restricted funds of $5,000,000 accumulated for principal payments and $300,000 accumulated for interest payments should both be accounted for in the debt service fund.
Answer:
46
Explanation:
The pattern appear to be the answer multiplied by 2 and adding 2.
i.e., answer to the next raw id answer to the previous answer times 2 plus 2
second raw = (4 x 2) + 2= 10
Third raw = (10 x 2) + 2 = 22
Forth raw = (22 x 2) + 2= 46
Answer:
Maple Leaf, Inc.
Inventory Turnover:
b. Greater than 2 but less than 3
Explanation:
a) Data and Calculations:
1) Average inventories:
Raw materials $2,500,000
Work-in-process $1,000,000
Finished goods $800,000
Total average inventory $4,300,000
Cost of goods sold = $12,000,000
Inventory Turnover = Cost of goods sold/Average Inventory
= $12,000,000/$4,300,000
= 2.79 times
2) Inventory turnover is a financial ratio that shows the number of times in a year that inventory has been sold by Maple Leaf, Inc. When it divides the number of days, say 360 days in a year, the ratio that comes out shows the number of days it takes Maple to sell its inventories.
