Answer:
The financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300
Explanation:
Calculation for what Cushion's financial statements report for this situation at December 31
Based on the information given we were told that the Corporation has the amount of $9,000 as note receivable from a customer with an Interest of 4% which has accrued for 10 months on the note which mean that the financial statements will report will report the note receivable of the amount of $9,000 and interest receivable of the amount of $300 at December 31 which was calculated as :
Interest receivable =$9,000×0.04×10/12
Interest receivable =$300
Therefore the financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300
They all are woody products being made up of wood.
Answer:
17.27 years
Explanation:
For this question we use the NPER formula that is shown on the attachment below:
Provided that
Present value = $340,000
Future value = $25,000
PMT = $35,000
Rate of interest = 7.5%
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the number of year is 17.27 years
Answer: A. On the curve.
Explanation:
Production possibilities curve (PPC) is simply a graphical representation that is used to show different combinations of two goods which a particular economy can produce when the economy uses the resources it has efficiently.
Points on the curve shows that the resources in an economy are efficiently used, points on the interior of the curve shows that the resources are used inefficiently while the points that are beyond the curve shows are referred to as unattainable.
Therefore, if you are using your factors of production at 100% efficiency, you will be on the curve.
The answer is A.
Answer:
a.
Current Share Price = $87.5
c.
The new market value is $77.78
Explanation:
a.
The dividend per year on the preferred stock = 100 * 0.07 = $7
The yield on the preferred stock can be calculated as,
Yield = Preferred dividend / Current Share price
As we know the Yield and the dividend, we can calculate the current share price.
0.08 = 7 / Current Share price
Current Share Price = 7 / 0.08
Current Share Price = $87.5
c.
The dividend per share on the preferred stock remains the same at $7. The new yield is 9%. Using the yield formula we can calculate the new share price,
0.09 = 7 / New Share price
New Share Price = 7 / 0.09
New Share Price = 77.78
