Which of the following statements is LEAST accurate?

Novak Corp. has 44,000 shares of $11 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the

Aleonysh [2.5K]

Answer:

in my best defence, the answer is 22

Explanation:

3 0

2 years ago

Curvilinear costs always increase: a. When management performs break-even analysis. b. When volume increases, but at a nonconsta

Ilia_Sergeevich [38]

Answer:

The correct option is : b. When volume increases, but at a nonconstant rate.

Explanation:

Curvilinear costs is a type of expense that <u>does not increase at a constant rate with the production volume.</u> It tends to have a sudden increase at low production volumes, then remains constant in the middle and then increases at high production volumes.

The curvilinear costs does not increase linearly with the production. Therefore, curvilinear cost is also called a nonlinear cost.

<u>Therefore, curvilinear costs always increase at a nonconstant rate with the increase in the production volume.</u>

6 0

3 years ago

Bond prices and yields Assume that the Financial Management Corporation's $1 comma 000-par-value bond has a 7.800 % coupon,

Neporo4naja [7]

Answer:

(a) Dollar price of the bond = Par value × Current price percentage

= $1,000 × 106.124%

= $1,061.24

(b) Bond's current yield:

Annual interest paid in dollars = Bond par value × Rate of interest

= $1,000 × 7.8%

= $78

$Current\ yield = \frac{Interest}{Bond\ value}$

$Current\ yield = \frac{78}{1,061.24}$

= 0.0734

= 7.34%

(c) Issue price of bond is $1,000 and current maturity price is $1,061.24. Thus, bond price is greater than the par value.

(d) Current yield is the return on bond at current price. Yield to maturity is 6.588 % and current yield is 7.34%. Since the current price is more than the par value, therefore, YTM is lower than the current yield.

3 0

3 years ago

What is one reason why the overall unemployment rate understates the actual employment situation?

MissTica

Answer:

It does not consider all the unemployed people.

Explanation:

The unemployment rate is a percent expression of the jobless labor force in an economy. In calculating the unemployment rate, the bureau of labor statistics considers only the unemployed people who have been actively seeking work in the past four weeks.

Due to this reason, the unemployment rate does not include all the jobless people in the country. Unemployed individuals who have lost hope of finding work, and those who did seek employment get excluded. Those engaged in other chores like caring for the sick or the elderly are also not considered.

5 0

2 years ago

Partnership records show the following capital balances at the date of Hopkin's withdrawal: M. Hammel, $80,000; D. Hopkins, $210

Anestetic [448]

Answer:

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

Cr M. Hammel, Capital 10,000

Cr Cash 230,000

Explanation:

Preparation of the December 31 journal entry for the partnership.

Based on the information given the December 31 journal entry for the partnership will be :

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

(100,000-80,000/2)

Cr M. Hammel, Capital 10,000

(100,000-80,000/2)

Cr Cash 230,000

3 0

2 years ago