Answer:
D : common stock of $1,000,000
Explanation:
Hadley Corporation
Issued shares × par value common stock
Issued shares 200,000
Par value common stock $5
Hence:
200,000 x $5
= $1,000,000
Therefore the year-end balance sheet would show a common stock.of $1,000,000
No, a deductive strategy involves giving a general principle or rule and showing how that will apply to the current situation.
Demand is price elastic, is occurring if a 1 percent decrease in price results in more than a 1 percent increase in quantity demand.
<h3>What is price elastic?</h3>
Price elastic of demand means the measurement of the product's demand with respect to its price.
It is common that if the price of a product will increase, the demand will fall, but some products demand fall more than other products, which is measure by price elastic in demand.
Thus, the correct option is demand is price elastic.
Learn more about demand is price elastic.
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a.
WACC is calculated as –
WACC = (Weight of common stock X Cost of common stock) + (Weight of preferred stock X Cost of preferred stock) + (Weight of debt X After tax cost of debt)
WACC = (64% X 13.4%) + (9% X 6.4%) + (27% X ((1- 40%)*8.1%))
WACC = 10.46%
b. After tax cost of debt is calculated as –
After tax cost of debt = (1- tax rate) X cost of debt pre-tax
After tax cost of debt = ((1- 40%)*8.1%))
After tax cost of debt = 4.86%
Answer:
$610,000
Explanation:
According to the midpoint value, we have to find out the mid value of two amount.
As in the question, the sales for 1996 and the sales for 1998 are given and we have to find out the sales for 1997
So, by using the mid point formula approach, the sales for 1997 is
= (1996 sales + 1998 sales) ÷ (Number of years)
= ($500,000 + $720,000) ÷ (2 years)
= ($1,220,000) ÷ (2 years)
= $610,000
Therefore, the estimated sales value of the company for year 1997 is $610,000
