Answer: True
Explanation:
Recapitalization refers to a process where a company alters its capital composition. For instance, it can acquire more debt whilst reducing its equity holdings.
Recapitalization can affect the number of shares that a company has and the weight of those shares in relation to debt but it does not change the price of the stock so this statement is true.
Answer:
Principal = $23,392.45
Explanation:
To solve this, we are required to find a certain amount invested for 35 years at an interest rate of 4.1% compounded annually, yielding $98,000.
The formula for compounded interest is used, and this is done as follows:
Therefore, the principal is approximately $23,392
The National Day Laborers Organizing Network is an example of a(n) <u>labor union</u>, which is a nonprofit organization that offers training, legal advice, lobbying, and worker advocacy to members.
<h3>What is a labor union?</h3>
A labor union is an organization of workers who are unified in order to achieve some common goals that would benefit its members.
A good example of a labor union is <u>National Day Laborers Organizing Network</u>.
Thus, the National Day Laborers Organizing Network is an example of a(n) <u>labor union</u>.
Learn more about labor unions at brainly.com/question/453055
Answer:
$12,000
Explanation:
The formula for depreciation expense, using straight line method is;
= (Cost - Scrap value) / life time
Give that;
Cost = $70,000
Scrap value = $10,000
Life time = 5 years
= ($70,000 - $10,000) / 5
= $60,000 / 5
= $12,000.
Therefore, book value on December 31, 2011 would be;
= $70,000 - $12,000 × (4 + 10/12)
= $70,000 - $58,000
= $12,000
• Note that we arrived at the value of 10 because March to December is 10 months.