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3 years ago

Question 6 of 10

Business

1 answer:

harina [27]3 years ago

8 0

Answer:

B. 25 weeks

Explanation:

Goals can be classified based on the time they take to accomplish. Short term goals take less than one year to accomplish. Long term goals take one year and beyond to accomplish.

Short term goals may take a day, a week, several weeks, or a few months to accomplish but not later than one year. They require less planning and financing as compared to long term goals.

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Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided a 7 percent yield at the time o

pshichka [43]

Answer: kp = D/Po

D = 0.07 X $100 = $7

kp = 7/63

kp = 11.11%

Explanation: The dividend paid on the preferred stock is 7 percent of the par value and the current market price is $63. Thus, the cost of preferred stock can be obtained by dividing the dividend paid by the current market price of the preferred stocks.

3 0

3 years ago

Union local school district has a bond outstanding with a coupon rate of 3.3 percent paid semiannually and 20 years to maturity.

topjm [15]

Answer:

$9,438.22

Explanation:

For computing the price of the bond we need to apply the present value formula i.e be to shown in the attachment below:

Given that,

Future value = $10,000

Rate of interest = 3.7% ÷ 2 = 1.85%

NPER = 20 years × 2 = 40 years

PMT = $10,000 × 3.3% ÷ 2 = $165

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the price of the bond is $9,438.22

8 0

3 years ago

In recording business transactions, evidence that an accounting transaction has taken place is obtained from

hram777 [196]

In recording business transactions, evidence that an accounting transaction has taken place is obtained from source documents. A source document is the first and origional way that transactions are entered for an accounting system. Everything in the source documents then gets transferred into a companies accounting system and stored for later use. The first and original documents are the source documents because they are the source of where the first transactions were recorded.

6 0

3 years ago

g The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and prod

almond37 [142]

Answer:

$7.20

Explanation:

Given the following :

FINISHING department :

overhead budget = $550,000

direct labor HOURS = 500,000

PRODUCTION department :

overhead budget = $400,000

direct labor hours = 80,000

Predetermined allocation rate for finishing department :

Overhead / allocation base = ($550,000 / 500,000) = $1.10 per direct labor hour

Predetermined allocation rate for production department :

Overhead / allocation base = ($400,000 / 80,000) = $5 per direct labor hour

If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production:

Finishing department :

(2 × Predetermined allocation rate for finishing department)

= (2 × $1.10) = $2.20

Production :

(1 × Predetermined allocation rate for production department)

= (1 × $5). = $5

Total = ($2.20 + $5) = $7.20

3 0

3 years ago

The market share held by the "Other" category (which includes dark pools) constitutes roughly ______% of trading volume in NYSE-

Volgvan

Answer:

The correct word for the blank space is: 30%.

Explanation:

The New York Stock Exchange (<em>NYSE</em>) is the largest, oldest, and best-known stock exchange in the world. The market capitalization of the NYSE's listed companies is unmatched. Its listings feature most of the world's largest and best-known corporations. The NYSE requires a high standard before the stock can be listed. This is why there is around 30% of the listed companies in the NYSE that trade in other markets because they are not considered qualified.

4 0

3 years ago