Answer:Preferred shares are an asset class somewhere between common stocks and bonds, so they can offer companies and their investors the best of both worlds Some companies like to issue preferred shares because they keep the debt-to-equity ratio lower than issuing bonds and give less control to outsiders than common stocks.
Answer:
37.51 days
Explanation:
Use the following formula to calculate the Inventory Turnover ratio
Inventory Turnover ratio = Cost of goods sold / Average Inventory
Where
Cost of goods sold = $763,805
Average Inventory = ( Beginning Inventory + Ending Inventory ) / 2 = ( $93,000 + $64,000 ) / 2 = $78,500
Placing values in the formula
Inventory Turnover ratio = $763,805 / $78,500
Inventory Turnover ratio = 9.73
Inventory Days = Numbers of days in a year / Inventory Turnover ratio = 365 / 9.73 = 37.51 days
Answer:
bacause what is workers doing
Answer:
A) $56,750
Explanation:
Since Manning's ownership changed during the year, it must allocate income differently for the first 40 days than the remaining 325.
Kane should report the following income:
- 100% income form Manning x 40/365 = $73,000 x 40/365 = $8,000
- 75% income from Manning x 325/365 = $73,000 x 75% x 325/365 = $48,750
- total income allocated to Kane = $8,000 + $48,750 = $56,750
