Answer:
rate of 0.000171716533316905 = 0.017% daily
Explanation:
we need to solve for the rate of an annuity for 19 years with daily deposits of 75 dolllars to yield a principal of 1,000,000 dollars
365 days x 19 years = 6,935 days
we use goal seek on excel as follow:
on A1 we write 0.01 this will be a placeholder for the rate
then on A2 we write =FV(A1;6935;75)
then with goal seek we definethat we want A2 equal to 1,000,000 changing A1 (rate)
which give us:
0.000171717 = 0.017% per day to achieve the goal:
C 75
time 6935
rate 0.000171717
FV $999,999.9999
Answer:
total value be in the stock $9,000
Explanation:
given data
currently priced = $90 per share
Number of Stocks = 100 share
solution
we get here first Value of Position that is express as
Value of Position = $90 × 100
Value of Position = $9,000
and
After stock split
Number of Stocks will be
Number of Stock = 100 × 3 = 300
and
Price per Share will be
Price per Share = 
Price per Share = $30
so
Value of Position = 30 × 300
Value of Position = $9,000
Answer:
b. decreases retained earnings but does not change total stockholders' equity.
Explanation:
<u>a. </u>increases common stock outstanding and increases total stockholders' equity.
<u>FALSE: </u>The Equity does not change as the Retained Earnings are used to issue the Shares, so no change in the total Stockholders Equity
<u>d. </u>increases retained earnings and increase total stockholders' equity.
<u>FALSE: </u>The retained earnings are debited thus, decrease when declaring dividends
<u>c.</u> may increase or decrease paid-in capital above par but do not change total
stockholders' equity.
<u>FALSE: </u>paid in will increase or not be used, as the shares will have a minimum value for the company of his face value.
<u>b. TRUE</u> RE decrease as from there comes to the funds. The total SE does not change it change his composition.
