Answer:
company gained a gross profit of $2 million
Explanation:
Data provided in the question;
Contract price to build an office = $32 million
Construction costs incurred during the first year = $9 million
Estimated costs to complete at the end of the year = $21 million
Therefore,
Total cost incurred to complete the construction of the office at the end of the first year
= Construction costs incurred during the first year + Estimated costs to complete at the end of the year
= $9 million + $21 million
= $30 million
Thus,
The revenue generated by the company = Contract price - cost incurred
= $32 million - $30 million
= $2 million
since the revenue is positive, hence the company gained a gross profit of $2 million
Answer:
9.47%
Explanation:
The computation of the cost of preferred stock is shown below:
Cost of preferred stock = Annual coupon ÷ Price of preferred stock per share
where,
Preferred stock sale price = 100 × 95% = $95
And, the annual coupon = 9% × 100 = $9
= $9 ÷ $95
= 9.47%
We assume the par value be 100
Simply we divide the annual coupon by the price of preferred stock per share so that the correct cost of
preferred stock can be computed
Answer:
b. appreciating vis-à-vis all other currencies.
Explanation:
Since the demand for non tradables will be slow then the supply; its price in Vietnam will decline a decline in domestic prices relative to international prices will raise exports and hence improve the external balance of Vietnamese economy appreciating its exchange rate.
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