Is debtors control a current asset, owners equity, income or current liability

Costly Corporation is considering a new preferred stock issue. The preferred would have a par value of $1000 with an annual divi

shutvik [7]

Answer:

28.63%

Explanation:

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

Cost of the preferred stock = Dividend ÷ Price of the stock

where,

Dividend is

= $1,000 × $15%

= $150

And, the price of the stock is

= Market value of the stock - flotation cost

= $576 - $52

= $524

So, the cost of preferred stock is

= $150 ÷ $524

= 28.63%

We ignored the marginal tax rate i.e 40%

3 0

2 years ago

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo

Arisa [49]

Answer:

Wingate Company

1. A Contribution Format Income Statement for divisions:

2a. Increase monthly advertising for the West Division by $28,000 to increase its sales by 12%

East Central West Total

Sales $412,000 $670,000 $520,000 $1,602,000

Variable exp. 181,280 207,700 166,400 555,380

Contribution

margin $230,720 462,300 353,600 1,046,620

Fixed expenses 290,000 332,000 191,000 813,000

Non-Traceable

Fixed Expenses 338,000

Net operating Income

(loss) ($59,280) $130,300 $162,600 ($104,380)

2b. How much Company's Net Operating Income Increase (Decrease) with the implementation of the above Proposal:

Net operating income before advert = $162,600

Division's net operating income after advert = $160,366

Therefore, the company's net operating loss will increase by $2,234

Explanation:

a) Wingate Company's recent monthly contribution format Income Statement:

Sales $ 1,602,000

Variable expenses 555,380

Contribution margin 1,046,620

Fixed expenses 1,151,000

Net operating income (loss) $ (104,380)

b) Division West's Income Statement:

Sales $582,400 ($520,000 x 1.12)

Variable expenses 203,034 ($181,280 x 1.12)

Contribution margin $379,366

Fixed Expenses 219,000 ($191,000 + 28,000)

Net Operating Income $160,366

c) If sales value increases by 12%, the variable expenses will increase proportionately, unless there is an increase in the price, which will ultimately reduce demand, further depressing the sales value. This is why it is called Variable Cost. Therefore, a different result will be obtainable if the variable expenses are held constant, contrary to its behavior.

4 0

2 years ago

7. How does AJ look tyrannical or monarchical with both the tariff/nullification crisis and Indian removal

lapo4ka [179]

Answer:

Andrew Jackson (AJ for short) was a statesman. He reached the height of this career when he became the 7th President of the United States (POTUS, having served as a soldier and a general in the United States Army). His administration spanned two terms of 4 years each (1829 to 1837)

In direct reference to the question, it can be said that due to his action, he was rather tyrannical than monarchial.

Explanation

On the overall, AJ is regarded by may historians favorably due to his many big wins. Some of those wins which he achieved as POTUS are:

The payment of a long standing national debt
the conclusion of the "most favored nation" treaty with the United Kingdom, which settled claims of damages against France from the Napoleonic Wars,
Prevention of the renewal of the charter of the Second Bank of the United States which was deemed as corrupt established created to enrich the wealthy at the expense of the plebian class and
the recognition Texas as a Republic. It may be worthy of note that he was the first POTUS to have survived an assassination attempt as a sitting president.

Irrespective of the above, his career was marred by two major dents:

The endorsement of the of the 1830 Indian Removal Act which forced many Native American tribes in the South to a space that became known as the Indian Territory. The forceful relocation was deemed necessary by the Blue Bloods (White Population) and resulted in mass suffering, mass death by many who where diseased during the forced relocation.
The Nullification Crises: For some reason, the congress approved a bill which by itself was designed to fail or be disapproved. It placed a huge tariff (as much as 45%, a historic high) on the Southern Cotton Farmers. The bill became known as the "Tariff of Abominations". He later conceded to several downward revisions of the tariff, first to 27% and further downwards later but not after it had caused a lot of rift between the state of South Carolina and the Federal Government where in the South Carolina had declared the bill unconstitutional. This call out against the Federal Government became known as the Nullification Crises.

Cheers

6 0

2 years ago

If you have a questioned item on your travel account bill, with whom do you first try to resolve it?

Luda [366]

If you have a questioned item on your travel account bill, the first person you should contact in this situation is: The merchant
Before you contact the producer of the card,you need to make sure that:
- The merchant did not falsely include the unknown item in your purchasing price, or
- YOU include the unknown item but you forget about it

5 0

2 years ago

A PPO uses a discount on charge arrangement. Marie incurred total charges by a hospital of $20 comma 300, and the percentage p

Radda [10]

Answer:

$2,842

Explanation:

total amount that the PPO will pay = $20,300 x 70% = $14,210

Marie has to pay 20% of that amount = $14,210 x 20% = $2,842

A preferred provider organization (PPO) is a type of healthcare insurance that provides discounts if you use their network physicians and providers. In this case, Marie received a 30% for going to that hospital.

8 0

3 years ago