Answer:
Wednesday, June 21st
Explanation:
In this scenario, since the customer redeemed the shares on Wednesday, June 14th then he must be paid before Wednesday, June 21st. This is 7 days after the redemption. According to section 22 article (e) of the Investment Company Act of 1940, all companies are prevented from postponing the date of payment for more than seven days as stated below.
(e) No registered investment company shall suspend the right
of redemption, or postpone the date of payment or satisfaction upon
redemption of any redeemable security in accordance with its terms
for more than seven days after the tender of such security to the
company or its agent designated for that purpose for redemption
Answer:
B) A credit to common stock for $ 140,000
Explanation:
Journal Entry will include:
Date Journal Entry Debit Credit
Cash/Bank A/C $182,000
(14,000 shares*$13)
To Common capital A/C $140,000
To Contributed capital in excess $42,000
of par value A/C
Answer:
Cost of preferred stock
= <u>Perpetual dividend</u>
Current market price
= <u>$14.00</u>
$134.26
= 0.1043 = 10.43%
Explanation:
Cost of preferred stock is calculated as perpetual dividend divided by current market price. Cost of preferred stock is the minimum rate of return expected by preferred stock holder.
In macroeconomics, the word "aggregate demand" is used to define the total demand for commodities produced domestically, including capital goods, consumer goods, and services.
<h3>What do you mean by aggregate demand ?</h3>
However, aggregate demand identifies the complete market for all goods and services that an economy generates and expresses it as an overall dollar value. A nation might have a $1 billion annual aggregate demand for products and services, for instance.
A macroeconomic concept known as "aggregate demand" refers to the total demand for products and services during a specific time period at any given price level. Since the two indicators are calculated in the same way, aggregate demand is equal to GDP over the long run.
the total amount of products and services that will be consumed in the economy at all price points.
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Answer:
C Treasury notes and futures
Explanation:
Thats two investments that are ends of the risk spectrum.
