Ask question

Ask question

All categories

stepladder [879]

2 years ago

15

As an importer of clothing, would you rather have your products sold by a general merchandise retailer or a specialty store? Why

?

1 answer:

jok3333 [9.3K]2 years ago

6 0

Answer:

Specialty store

Explanation:

You might be interested in

A company recently issued 9% preferred stock. The preferred stock sold for $40 a share with a par of $20. The cost of issuing th

Westkost [7]

Answer:

The company's cost of preferred stock is 5.1%

Explanation:

In order to find the cost of the preferred stock we will need to divide the dividend the company pays on it by the net amount that the company is receiving for selling it.

In order to find the dividend we will multiply 9% by the par value of 20

Dividend = 0.09*20=1.8

Now we need to find the net amount the company receives for selling the preferred stock.

The company sells the stock for $40 but also has a issuing cost of $5, so in order to find the net amount we will subtract the cost from the price.

40-5= 35

35 is the net amount the company receives.

Now we will divide the the dividend 1.8 by the net amount 35

1.8/35=0.051

=5.1%

The company's cost of preferred stock is 5.1%

5 0

2 years ago

On February 1, 2019, the balance of the retained earnings account of Blue Power Corporation was $315,000. Revenues for February

Pani-rosa [81]

Answer:

The retained earnings balance on February 28, 2019 is $305.000.

Explanation:

Balance of the retained earnings account on February 1, 2019 = $315,000

Revenue for February 2019 = $61,000

Expenses for February 2019 = $65,000

Dividend declared in February 2019 = $6,000

Net Income = Revenue - Expenses = 61,000 - 65,000 = -4,000

Ending Balance of Retained Earning = Beginning balance of retained earning + net Income - dividend =

Ending Balance of Retained Earning = $315,000 + (-4000) - $6,000

Ending Balance of Retained Earning = $305,000

The retained earnings balance on February 28, 2019 is $305.000.

6 0

2 years ago

You have just purchased a car and, to fund the purchase, you borrowed $27,500. If your monthly payments are $515.27 for the next

Naily [24]

Answer: APR of the loan is 2.48%

Explanation:

5 0

2 years ago

Read 2 more answers

The fixed cost of conducting the four promotions is estimated to be 18000 dollars with a variable cost of 3.75 dollars per custo

mote1985 [20]

Answer:please refer to the explanation section

Explanation:

The Question is incomplete. the question requires us to calculate minimum number of customers required to cover costs of promotions, to calculate the minimum number of customers required we need a price per customer. let us assume the price $6

Variable costs = $3.75

Fixed costs = $18000

Minimum Customers Required = Fixed costs/(Price - Variable cost)

Minimum Customers Required = 18000/6 - 3.75 = 8000

8000 customers are required

4 0

2 years ago

Suppose foreigners spend $7 billion on american exports in a given year and americans spend $5 billion on imports from abroad in

Rina8888 [55]

Around <span>+$2 billion. would be the answer!</span>

5 0

2 years ago