Answer:
A subsidiary ledger: is a listing of individual accounts and amounts with a common characteristic.
Explanation:
A subsidiary ledger is a listing of individual accounts with similar characteristics, whose combined balances make up a specific general ledger. The general ledger that captures the summary of the subsidiary ledger is called the master account or control account.
For example, an account receivable subsidiary ledger would comprise the listing of customers with credit purchases; the combined balances would amount to the balance in the accounts receivable ledger.
Answer:
Free cash flow for year 1 = -$1m
Explanation:
Lets first understand what free cash flow is. Free cash flow is the cash generated by a business that is freely available for distribution to all investors after having met all the immediate obligations, investment in non-current assets and investment in working capital. Since it's cash flows we have to add back non-cash items such as depreciation and amortization.
The question is asking for free cash flow for year 1 therefore we take data for the year 1 as follows:
Free cash flow for year 1 = $5m + $2m - $6m - $2m
Free cash flow for year 1 = -$1m
Seems entity has net cash outflows that's why the cash flows are negative.
Answer:
i think commercial banks aren't
If the price of the common stock declines by 50 percent, the price of the convertible bond will also decline by the same percentage
If the stock price falls, the short seller profits by buying the stock at the lower price closing out the trade. Convertible bonds tend to offer a lower coupon rate or rate of return in exchange for the value of the option to convert the bond into common stock.
Thus, if the price of a convertible bond will move in tandem with the price of the common stock, so if the stock price declines, the convertible bond price will follow suit.
Hence, convertible bonds typically carry lower interest rates payments.
To learn more about convertible bond here:
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