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3 years ago

Guess a number between 1-20

2 answers:

7 0

I would pick 5 just because its my lucky number not to mention it’s a popular number so it would probably be the answer. If not 5 then probably 15z

stealth61 [152]3 years ago

4 0

Answer:

Explanation:

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On June 3, Arnold Company sold to Chester Company merchandise having a sale price of $3,000 with terms of 2/10, n/60, f.o.b. shi

IgorC [24]

Answer:

Journal entries for Arnold Company:

June 3, merchandise sold to Chester Company

Dr Accounts receivable 3,000

Cr Merchandise inventory 3,000

Dr Cost of goods sold XXX (not specified)

Cr Sales Revenue 3,000

June 12, payment received from Chester Company

Dr Cash 2,940

Dr Sales discounts 60 ($3,000 x 2%)

Cr Accounts receivable 3,000

Journal entries for Chester Company:

June 3, merchandise purchased from Arnold Company

Dr Merchandise inventory 3,000

Cr Accounts payable 3,000

June 8, shipping invoice received

Dr Merchandise inventory 90

Cr Accounts payable

June 12, payment made to Arnold Company

Dr Accounts payable 3,000

Cr Cash 2,940

Cr Purchase discounts 60

June 12, payment made to John Booth transport

Dr Accounts payable 90

Cr Cash 90

4 0

3 years ago

Bosio Inc.'s perpetual preferred stock sells for $102.50 per share, and it pays an $8.50 annual dividend. If the company were to

RideAnS [48]

Answer:

8.38%

Explanation:

Data provided

Annual dividend = $8.5

Perpetual preferred stock = $102.50

Flotation cost = 4.00%

The computation of cost of preferred stock is shown below:-

Cost of preferred stock = Annual dividend - (Perpetual preferred stock - (Perpetual preferred stock × Flotation cost percentage))

= $8.5 ÷ ($102.50 - ($102.50 × 0.04))

= $8.5 ÷ ($102.50 - $4.1)

= $8.5 ÷ $101.4

= 8.38%

7 0

3 years ago

s the initial transaction in a new margin account, a customer buys 1,000 shares of XYZ stock at $30. The market value increases

Ratling [72]

Answer:

Equity increases by $20,000 an SMA by $10,000

Explanation:

While equity is defined as the remaining value of an owner's interest in a business , the simple moving average is defined as the average of a selected range of prices , usually the closing prices by the number of periods in that range.

For every $1 increase in market value , the SMA increase by $0.5 and the equity by $1

Workings

1000 shares at $30 = $30,000

Market value = 1000* $50 = $50,000

Equity increase - 50,000-30,000 = 20,000

SMA = 20,000 *0.5 = 10,000

6 0

3 years ago

Which key factors impact whether budding entrepreneurs around the world can start and own a business

Leno4ka [110]

Explanation:

There are several barriers to entry in a market that can hinder the creation of a new business, the ones that most impact new entrepreneurs are the financial, technical and structural barriers.

There is the configuration of a monopoly market where there is a single company that controls the market and resources, influencing prices and hindering new entrants.

There are also capital difficulties, where the cost of opening and maintaining a business makes it difficult for new entrepreneurs to enter the market in the long term in a competitive manner with larger companies, for example.

And there are also technical barriers, which can be understood as the lack of specific knowledge for a particular business operation.

7 0

3 years ago

. You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for ex

Aliun [14]

Answer:

Present Value= $918,787.32

Explanation:

Giving the following information:

You just inherited a trust that will pay you $100,000 per year in perpetuity.

The first payment will not occur for exactly four more years.

Interest rate= 8%

First, we need to determine the value of the perpetual annuity in 4 years. Then, we calculate the value today.

Present value in four years:

PV= Cf/i

Cf= cash flow

PV= 100,000/0.08= $1,250,000

Now, using the following formula, we calculate the value today.

PV= FV/(1+i)^n

PV= 1,250,000/1.08^4

PV= $918,787.32

4 0

4 years ago