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Sav [38]
3 years ago
9

Sheridan Company issues 3600 shares of its $10 par value common stock having a fair value of $20 per share and 5600 shares of it

s $10 par value preferred stock having a fair value of $20 per share for a lump sum of $205400. What amount of the proceeds should be allocated to the preferred stock
Business
1 answer:
Svetach [21]3 years ago
8 0

Answer:

$125,026

Explanation:

Common Shares                                      3,600

Fair value                                                 <u>  $20</u>

Total market value of common stock    $72,000

Preferred shares                                        5,600

Fair value                                                   <u> $20</u>

Total market value of preferred stock     $112,000

Lump Sum amount                                    $205,400

Amount of proceeds should be allocated to the preferred stock = 205,400 * (112,000 / (72,000 + 112,000) ) = $125,026

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Answer:

Monetary Contribution

Explanation:

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Monetary contribution implied that in order for parents to give love and care to the children, the children need to provide the parents with a certain amount of money in return.

The type of care and attention that parents give to their children tend to be voluntary. It's purely based on unconditional love and affection. This is why we don't consider monetary contribution as a factor that influence parent-child relationship​.

6 0
2 years ago
In the month of November, Cullumber Company Inc. wrote checks in the amount of $10,230. In December, checks in the amount of $11
lara31 [8.8K]

Answer and Explanation:

The computation of the outstanding checks is shown below:

For the November end

= Checks - presented in the bank

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= $10,230 - $8,240 + $11,815 - $10,655

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3 years ago
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geniusboy [140]

Answer:

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Decision taken using this Method is usually based on what the eyes are seeing. Facts.

From the text, Ola buys new bikinis weekly based on the designs the customers are buying more. He decides on what to buy for the new week by looking at the designs that his customers went for the previous week. This is a clear case of Classical model of Decision making.

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With homemade leverage, an investor is able to replicate a corporation's capital structure by borrowing funds and using those funds along with her own money to buy the company's stock. This is further explained below.

<h3>What is homemade leverage?</h3>

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Read more about homemade leverage

brainly.com/question/15083730

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6 0
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