1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maksim [4K]
3 years ago
6

Godart Co. issued $4.5mn notes payable as a scrip dividend that matured in five years. At maturity, each shareholder of Godart's

3mn shares will receive payment of the note principal, plus interest. The annual interest rate was 10%. What amount should be paid to the stockholders at the end of the fifth year
Business
1 answer:
Ghella [55]3 years ago
4 0

Answer:

$6,750,000

Explanation:

Since it is stated in the question that the 3mn shares will be paid the principal and interest at maturity, and it is not stated the note is compounded, we apply the following simple calculation:

Amount to pay = $4,500,000 + [($4,500,000 × 10%) × 5 years]

                         = $4,500,000 + [$450,000 × 5 years]

                         = $4,500,000 + 2,250,000

Amount to pay = $6,750,000

Therefore, the amount should be paid to the stockholders at the end of the fifth year is $6,750,000.

You might be interested in
A restaurant chain sells 220,000 burritos each day when it charges $8.00 per burrito. for each $0.50 increase in price, the rest
VashaNatasha [74]
The highest that the store should sell should be at $9.5 per burrito because if they sell at $9.5, then they will get 1,805,000 for a daily revenue (9.5 x 190,000 burritos). If they sell any higher, then their daily revenue will go down. For example, if they sell at $10 a piece, they can only sell 180,000 (as per the rule that for every $0.50 increase in price, they have to lessen their sales volume by 10,000). 10 x 180,000 is 1,800,000 which is their daily revenue if they sell at $10 which is less than what they can get if they sell at $9.5. 
3 0
3 years ago
A capital budgeting technique that can be computed by subtracting a​ project's initial investment from the present value of its
IRINA_888 [86]
I believe the answer is true.
3 0
3 years ago
A single server model with infinite calling population, first-come, first-served queue discipline, Poisson arrival rate and expo
Elden [556K]

Answer:

3.5 customers

Explanation:

The computation of the average number of customers in the system is shown below:

= (Arrival rate) ÷ (Service rate - arrival rate)

= (210 customers) ÷ (270 customers - 210 customers)

=  (210 customers) ÷ (60 customer)

= 3.5 customers

We simply apply the average number of customers formula so that the correct value can come

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
Until now, only injectable vaccines against influenza have been available. Parents are reluctant to subject children to the pain
Jobisdone [24]

Answer:

D) Adults do not contract influenza primarily from children who have influenza.

Explanation:

The conclusion from this argument is that there is no health benefit for the nasal spray vaccine since it was designed to be administered to children, but children rarely get influenza.

The only assumption that strengthens this conclusion is that children do not pass influenza to adults.

  • If this is true, plus the fact that children rarely get influenza, then why would anyone need an influenza vaccine for children.
  • If this assumption was false and children passed influenza to adults, then the conclusion would be wrong because a vaccine would be necessary to prevent children from passing influenza.

7 0
3 years ago
The producers of Power Drink promote their drink over Energy Plus Drink in their advertisements. This type of advertisement is r
gtnhenbr [62]
Display advertisement?
3 0
3 years ago
Other questions:
  • Pixi Boutique will have cash receipts of​ $57,000 in December and cash disbursements of​ $51,000 for this month. If its beginnin
    6·1 answer
  • A shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expend
    15·1 answer
  • Your company has recently requested that you travel to Dhaka, Bangladesh, to work on negotiations for a new factory to be locate
    11·1 answer
  • A property owner paid 840.00 in property taxes to the Jay county collector. What was the assessed value of the property if the t
    6·1 answer
  • How did the confederation congress respond to the flooding of the american market with british goods?
    13·1 answer
  • Wenig Inc. has some material that originally cost $73,500. The material has a scrap value of $45,600 as is, but if reworked at a
    12·1 answer
  • A scalene triangle is an isosceles triangle true false
    14·2 answers
  • There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intelle
    13·2 answers
  • In January of this year, Amazon bought a machine for $220,000. The machine has a useful life of 10 years and a salvage value of
    9·1 answer
  • In addition, to funding government programs, a Progressive tax system is intended to
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!