Answer:
The primary purpose of the NYSE is to match buyers with sellers.
Explanation:
The New York Stock Exchange (NYSE) is a collection of domestic and foreign securities, including stocks, bonds and other investments traded in a public market for investors to buy and sell
Answer:
The answer is c. price
Explanation:
Discount pricing is a type of pricing strategy where you offer customers a discount when they buy in bulk . The goal of a discount pricing strategy is to increase customer traffic, clear old inventory from your business, and increase sales.
The product-market combination that has the greatest potential is B. Fashion items to the younger segment.
It should be noted that the potential of a particular product can be determined based on the people that the product is designed for.
In such a case, a product that's designed for the younger generations will attract more customers since younger people generally like things that are trendy.
Therefore, in this case, the fashion items for the younger segment have more potential.
In conclusion, the correct option is B.
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Answer:
Total interest paid = $606.63
Explanation:
First calculate the monthly payment for first six months
Monthly interest for first 6 months =.006/12=.0005
= 6500*(1.0005)^6
=6519.52
Interest rate for next six months
=17.37%/12=1.45%
(1.0145)^6=1.090054
=6519.52*(1+.0145)^6
=7106.63
Total interest paid = 7106.63-6500
Total interest paid = 606.63
Answer:
The journal entry for the issuance of the preferred stock is shown below:
Explanation:
Cash A/c..................................................Dr $30,000
Preference Stock A/c....................................Cr $10
Paid in Capital in excess of Par A/c...........Cr $29,990
Working Note:
Cash = Shares × Issued price per share
where
Shares are 1,000
Issued Price per share is $30
= 1,000 × $30
= $30,000
Preference Stock = Shares × Par price
= 1,000 × $0.01
=$ 10
Paid in Capital in excess of Par = Cash - Preference stock
= $30,000 - $10
= $29,990
