Answer:
A. Capital Stock
Explanation:
Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.
Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.
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Answer:
Zwick company's dividend revenue from Handy corporation in December 2018 would be = $280,000
Explanation:
Since Zwick company has bought 28,000 shares of Handy Corp. and Handy has announced a cash dividend of $10 per share. We will calculate Zwick company's dividend revenue would be,
Dividend revenue = ownership shares x dividend per share
Dividend revenue = 28,000 shares x $10 per share = $280,000
Answer:
B) WACC 12.00000%
Explanation:
Ke 0.15 (we are asked for the WACC if retained earnings are used, so we ould assing RE rate
Equity weight 0.55
Kp 0.11
Preferred Weight 0.2
Kd(1-t) (after-tax debt) 0.07
Debt Weight 0.3
WACC 12.00000%
Answer: $1.53776
Explanation:
Using the interest rate parity formula :
Forward currency exchange rate (F) = 1.50
SPOT rate (S) =?
Interest rate on domestic currency (Id) = 1%
Interest rate on foreign currency (If) = 1.5%
SPOT RATE(S) is given by;
S = F × (1 + If) ÷ (1 + Id)
S = 1.50 ×(1 + 0.015) ÷ (1 + 0.01)
S = (1.50 × 1.015) ÷1.01
S = 1.5225 × 1.01
S = $1.537725
