The right answer for the question that is being asked and shown above is that: "TRUE." <span>Convertible preferred stock may be exchanged, at the corporation's option, for a specified number of shares of common stock. This is true as far as the convertible preferred stock is concerned.</span>
Answer:
Price ceiling
Explanation:
When the government imposed a price ceiling in a market of goods which means that price set by the government lies below the equilibrium price of an economy. Price ceiling results in a higher demand for the goods because people wants to buy more quantity of goods at a lower price. But supplier of the goods wants to reduce supply as it will become less profitable for the producers to sell the product at a lower price.
Answer: A minimum wage set above the equilibrium wage will create a surplus of labor. The reason for this is that when the minimum wage is set about the equilibrium wage, the quantity of labor demanded will form, as firms will desire to hire less labor at higher rates. For eg if the equilibrium wage level is $10 per hour and a firm hires 2000 workers at that rate, if a minimum wage of $12 per is enforced the same firm might be willing to hire only 1800 workers at that rate and this will create a surplus of labor.
Explanation:
Answer:
She will report an interest income of $1,827 for this year.
Explanation:
The yield to maturity is 6%. However, the interest on the bond is compounded semi-annually. Therefore, we need to calculate the interest income for either semi-annual period and then sum the two incomes.
Interest income for first semi-annual period
= $30,000 x 0.06 x 6/12
= $900
Interest income for second semi-annual period
= ($30,000 + $900) x 0.06 x 6/12
= $30,900 x 0.06 x 6/12
= $927
Interest income for the year
= $900 + $927
= $ 1,827
Answer:
Publishing a sale price for an item that is not available
Explanation:
Publishing a sale price for an item that is not available will be misleading to the market and will break the law as the company must provide promotions for products that are available only
