Answer:
D. $137
Explanation:
Using FIFO method, that is first in, first out
After Sale on October 8 we have 7 unit left in the inventory which cost $77
A new purchase was made for 15 units at $12 per unit on October 20, totaling current inventory in unit to 21 unit.
Therefore
Sale on October 25 of 12 unit
= 7 units at $77 + 5 units at $(5 × 12)
= 77 + 60
= $137
Answer:
Option A
Explanation:
In simple words, A liability refers to an agreement among one entity and another which has not yet been fulfilled or accounted for. A liability is anything that a individual or firm owes due to any past transaction, typically a amount of money. Over period, liabilities become settled by shifting economic advantages involving property, products or services.
<span>Price ceilings prevent a price from rising above a certain level.When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result.Price floors prevent a price from falling below a certain level.When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.When government laws regulate prices instead of letting market forces determine prices, it is known as price control.</span>
answer and Explanation:
d-center of gravity method
Answer:
7.79%
Explanation:
Calculation to determine the required rate of return (yield) on the preferred stock
Using this formula
Cost of preferred stock=Annual Dividend per share/Current price of preferred stock
Let plug in the formula
Cost of preferred stock=$11.45/$147
Cost of preferred stock=0.0779*100
Cost of preferred stock=7.79%
Therefore the required rate of return (yield) on the preferred stock is 7.79%
