Answer:
Dr Land 397,950
Cr Cash 117,950
Cr Notes payable 280,000
Explanation:
Certain ordinary and necessary costs can be included in the purchase cost of land:
- cost of the land
- title fees
- applicable taxes
- legal fees
- broker fees
- survey costs
- leveling costs
- zoning fees
- etc.
In this case, the total purchase cost of the land = $110,000 + $280,000 + $1,400 + $650 + $5,900 = $397,950
If the midlands pencil corporation has issued several different debt securities, an investor would expect the lowest income stream from <u>convertible debentures.</u>
Convertible bonds have many positive attributes for investors, but the main drawback is that investors accept lower interest rates in exchange for these benefits.
Convertible debentures are fixed rate debentures that pay interest but can be converted into a specified number of ordinary shares or shares. Conversion of a bond into equity may occur at certain times during the life of the bond and is generally at the discretion of the bondholder.
Due to this logic, a convertible bond allows the issuer to indirectly sell its common stock at a price higher than its current price. From a buyer's perspective, convertible bonds are attractive because they offer the opportunity to capture the potentially high yields associated with equities, but also the security of bonds.
Learn more about bonds here brainly.com/question/9817093
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Answer:
Option (d) is correct.
Explanation:
Initial price of perfume three years ago = $75
New price of perfume = $100
Therefore,
Percentage change in the perfume price:
= [(New price of perfume - Initial price of perfume) ÷ (Initial price of perfume)] × 100
= [($100 - $75) ÷ ($75)] × 100
= 33.33%(approx)
Hence, the percentage change in the perfume price is 33.33%.
Answer:
true
Explanation:
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