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3 years ago

What is the maximum and minimum amount of ordinary shares to be invested in Hollard?

1 answer:

7 0

Hollard is Life insurance company. The minimum amount which is require to be invested is R50,000 (fifty thousand rand) and the minimum monthly debit order amount is R500 (five hundred rand). The maximum amount is what ever you want to invest and monthly debit order amount will be according to investment amount.

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Alto Company issued 7% preferred stock with a $100 par value. This means that:

RideAnS [48]

Answer:

Option "C" is the correct answer to the following question.

Explanation:

Given:

Issue price of share = $100

Market price per share = $100

Preferred stock dividend rate = 7%

Computation of dividend per year :

Dividend per year = Issue price of share × Preferred stock dividend rate

Dividend per year = $100 × 7%

Dividend per year = $7

Dividends are always paid to preferred stock at fixed rates at face value.

7 0

3 years ago

Read 2 more answers

"Your customer, age 68, who has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to

vredina [299]

Answer:

My best advice for the spouse would be to designate herself as the new account owner, and since she is 62, she can start taking regular distributions from it. Any distributions that she takes will be taxed as ordinary income (the same rule would have applied to the late husband).

Explanation:

If she had her own IRA account (which is doubtful since she doesn't work), she could also roll over her late spouse's balance into her own account.

The wife's third option would be to treat herself as a beneficiary, not the owner or spouse, but that would only complicate things and result in higher costs.

5 0

3 years ago

Selling. general, and administrative expenses were $80,000, net sales were $390,000, interest expense was $16.000: research and

elixir [45]

Answer:

The correct answer is C. US$ 30,000

Explanation:

1. What was the operating income for the period?

Operating income = Net sales - Cost of goods - Operational expenses

Operational expenses on this question are:

Selling. general, and administrative expenses
Interest expenses
Research and development expenses
Income tax expense

According to the information provided, we have then:

Operating income = 390,000 - 220,000 - 80,000 - 16,000 - 34,000 - 10,000

Operating income = 390,000 - 360,000

Operating income = 30,000

The correct answer is C. US$ 30,000

8 0

4 years ago

A stock market analyst is able to identify mispriced stocks by comparing the average price for the last 10 days to the average p

telo118 [61]

Answer:

Consider the following thoughts

Explanation:

No. the market is a semi-strong form of efficient.

The semi-strong form of efficiency states that the market is efficient.

Yes, the historical information is also called as a public information.

Weak form of efficiency is a another class of the semi-strong form of efficiency.
If a market is strong form efficient, then it is also semi-strong and weak form efficient since all available information includes past prices and publicly available information.

The semi-strong form also incorporates the weak form of hypothesis.

They include event tests.

6 0

3 years ago

On January 1, 2020, Franchisee Inc. enters into a contract with Italian Fine Dining Inc. for the right (beginning immediately) t

o-na [289]

Answer: $22,000

Explanation:

The total revenue to be recognized by Italian Fine Dinning Inc. is the standalone selling price for the franchise services which is $88,000.

As this contract is for a four year period, Italian Fine Dinning Inc will have to recognize the above revenue over a period of 4 years.

Revenue in December 2020 will therefore:

= 88,000 / 4

= $22,000

4 0

3 years ago