Answer:
$3,942
Explanation:
Step 1 : Determine number of units sold
Units Sold = Total units available for sale - Units remaining in inventory
= (45 + 157 + 22) - 56
= 168 units
Step 2 : Determine Cost of goods sold
<em>FIFO assumes that the units to arrive first will be sold first.</em>
Cost of goods sold = (45 units x $22) + (123 units x $24)
= $3,942
The amount allocated to cost of goods sold for July is: $3,942
Shared decision-making, as implied by the name, is when two or more parties negotiate and decide on any financial decisions. The most common example of this is married couples who have to decide how to handle their shared income and resources.
You should tap the breaks repeatedly and pull over
Answer:
Preferred stock holders' dividend = $280000
Common stock holders' dividend = $8000
Explanation:
A cumulative preferred stock is one whose dividends are accumulated in arrears and are to paid in the following year(s), if the company fails to pay or partially pay the dividends in a certain year. The yearly dividend on preferred stock is,
Preferred stock dividend = 10000 * 200 * 0.07 = $140000
As the dividends on preferred stock are in arrears for one year, the company will pay a dividend this year on preferred stock of,
Preferred stock dividend to be paid = 140000 + 140000 = $280000
Thus, out of the announced dividend of $288000, $280000 will be paid to the preferred stock holders while the remaining $8000 will be paid to the common stock holders.
Answer: The correct answer is "B. $10,000; 4%; four years".
Fred purchases a bond, newly issued by the Big Time Corporation, for $10,000. The bond pays $400 to its holder at the end of the first, second, and third years and pays $10,400 upon its maturity at the end of four years. The principal amount of this bond is <u>$10000,</u> the coupon rate is <u>4%,</u> and the term of this bond is <u>four years.</u>
<u></u>
Explanation: The maturity of the bond is at 4 years.
Its future value or face value is 10000.
The coupon rate is equal to 
x 100
So Coupon rate = 
x 100 = 4%
