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3 years ago

Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.

Business

1 answer:

tino4ka555 [31]3 years ago

3 0

Answer:

See attached accounting entries.

Explanation:

For question 1, the likelihood of a payment occurring is probable, the is chance that Pacific Cruise Lines will pay liability as such estimated amount of $1.29 million should be set aside.

For question 2, the likelihood of a payment occurring is probable, the is chance that Pacific Cruise Lines will pay liability as such estimated maximum amount of $1.29 million should be set aside.

For question 3, the likelihood of a payment occurring is reasonably probable, the is chance that Pacific Cruise Lines will pay liability as such estimated amount of $1.29 million should be set aside.

For question 3, the likelihood of a payment occurring is remote, that is, there little relationship with this case that cause Pacific Cruise Lines being liable to pay as such potential amount of $1.29 million should be set aside.

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Torch Industries can issue perpetual preferred stock at a price of $53.50 a share. The stock would pay a constant annual dividen

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The company's cost of preferred stock is $0.084 or 8.4%.

<h3>What Are Stocks?</h3>

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

$cost of preferred stock=\frac{annual dividend }{price of stock}$

$cost of preferred stock =\frac{ 4.50}{ 53.50}$

cost of preferred stock = $0.084

cost of preferred stock = 8.4%

Hence, the company's cost of preferred stock is $0.084 or 8.4%.

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2 years ago

Bonita Realty Management Co. received a check for $30,000 on October 1, which represents a one year advance payment of rent on a

Klio2033 [76]

Answer:

The adjusting entry will be made as below;

Explanation:

The entry made on October 1,

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3 years ago

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Studdard Controls recently declared a quarterly dividend of $1.25 payable on Thursday, April 25, to holder of record of Friday,

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Answer:

April 11th

Explanation:

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DISCLAMER

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3 years ago

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Answer:

For First National Bank = 15.05%

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Explanation:

The computation of EAR for First National Bank and First United Bank is shown below:-

Effective annual rate EAR = (( 1 + i ÷ n)^n) - 1

I indicates the annual interest rate

n indicates the number of the compounding period

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Annual interest rate i = 14.1%

Effective annual rate EAR is

= ((1 + 0.141 ÷ 12)^12) - 1

= 1.1505 - 1

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= 15.05%

For first United bank

Effective annual rate EAR is

= (( 1+ 0.144 ÷ 2)^2) - 1

= 1.1492 -1

= 0.1492

= 14.92%

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