Answer:
Value of preferred stock will be $140
Explanation:
We have given par value of preferred stock = $100
Dividend rate = 14 %
Discount rate on preferred stock = 12%
Preferred stock dividend 
We have to find the value of preferred stock
Value of preferred stock 
So value of preferred stock will be $140
Answer:
c. $107,600 taxable income: $23,672 tax liability.
Explanation:
Taxable Income calculation:
Taxable Income beginning $90,100
Add: gain on sales on Wal-Mart stock $13,000
Less: Loss on sale of PG&E stock $7,000
Add: Gain on Cisco common stock $11,500
Taxable Income at end $107,600
Answer:
AVC < $15.00
Explanation:
A firm will continue to produce as long as total revenue covers total variable costs or price per unit > or equal to average variable cost (AR = AVC).
A scene from a popular movie that shows an involuntary exchange (where a buyer or seller is forced to participate) could be in Star Wars, where it fictionally demonstrates the conquest of different planets and galaxies by force, through theft, destruction and violence.
If the exchange were voluntary, the negotiation would take place in a way that is beneficial to both the buyer and the seller, where each would be involved in a legal and ethical agreement to carry out a transaction.
<h3 /><h3>What is the benefit of voluntary exchange for the economy?</h3>
It assists in the positive development of the market, as voluntary exchange ensures that buyers and sellers benefit from an exchange process, which is an essential principle for the global free trade system.
Therefore, voluntary exchange must be promoted in the world economy, where nations exchange resources in ways that benefit local economic development.
Find out more about voluntary exchange here:
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Answer:
(1)
Compute the direct materials price and quantity variances. (Round your answers to 2 decimal places.)
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Explanation:
(1)
Standard quantity 30,060 units × 1/2 pound per unit = 15,030 pounds
(2)
Standard hours 30,060 units × 1/6 hour per unit = 5,010 hours
Actual rate per hour = $106,656/5,555 hours = $19.20
Explanation: