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Sergio [31]
3 years ago
12

E-Eyes Bank just issued some new preferred stock. The issue will pay a $9 annual dividend in perpetuity, beginning 6 years from

now. If the market requires a 6 percent return on this investment, how much does a share of preferred stock cost today
Business
1 answer:
goldenfox [79]3 years ago
6 0

Answer:

Explanation:

Calculation to determine future sales discounts

Using this formula

Value of Preferred Stock in year 5 =Annual Dividend/Required Rate

Let Plug in the formula

Value of Preferred Stock today =(6/6%)/(1+6%)^5

Value of Preferred Stock today =100/(1+6%)^5

=124.58

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A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective
LekaFEV [45]

Answer: $29,000

Explanation:

Hello.

Your question was incomplete so I attached a picture showing the missing details.

Cost of Goods sold using First in First Out where the earliest goods are sold first.

Seeing as we have 4,000 units left, that means that none of the stock purchased on the 8th of November have been sold.

1,000 units of the stock purchased on the 18th of June remain.

Cost of Goods sold is therefore,

= 1,000*8 + 3,000 * 7

= $29,000

Cost of goods for Inventory available is $29,000

6 0
3 years ago
A company purchased a computer, office furniture, and office supplies by issuing a check for $5,000 and a note payable for $19,5
Morgarella [4.7K]

Answer:

The total recorded value of the items is 24,500

4 0
4 years ago
"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transacti
Delicious77 [7]

Answer:

The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.

Explanation:

In the given case, we  know that when the customer buys shares he provides all the details as Name, Address, Contact Details, mail id, etc:

Now when the account number do not match as to the original of the customer, she the registered representative shall confirm to the original information and if the customer is same the details if any which are not correct shall be changed in records if the branch manager so agree.

As this is beneficial to the both the branch manager and the customer.

8 0
3 years ago
If your lifestyle budget is $50000 a year selecting a career earning $75,000 will most likely allow you to meet your lifestyle g
NARA [144]
From what is said the answer is true. that leaves 25000 over your lifestyle budget
8 0
3 years ago
If overhead is overapplied, it means that individual jobs have not been charged enough overhead during the year and the cost of
steposvetlana [31]

Answer:

True

Explanation:

At the end of the manufacturing period the overhead cost applied to manufactured goods are compared to actual cost incurred.

If, Actual Overheads > Applied overheads, we say overheads are underapplied. this means the cost of goods sold has been charged too little and must be increased.

and

If, Applied Overheads > Actual overheads, we say overheads are overapplied. this means the cost of goods sold has been charged too much and must be lowered.

8 0
3 years ago
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