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MA_775_DIABLO [31]
3 years ago
8

Find the present value of $19,000 in 11 months at 5.1% interest

Business
1 answer:
dem82 [27]3 years ago
5 0

Answer:

$19,886.396

Explanation:

Given :

Interest rate = 5.1% = 5.1

Principal = $19000

Period = 11 months = (11/12)year

The present value of 19000 in 11 months at 5.1% interest Can be obtained using the relation:

PV = P(1 + r)^n

PV = 19000(1 + 0.051)^(11/12)

PV = 19000(1.051)^(11/12)

PV = 19000 * 1.0466524

PV = 19886.396

Hence, the present value is $19,886.396

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The Jones Company plans to issue preferred stock with a perpetual annual dividend of $5 per share and a par value of $30. If the
Sever21 [200]

Answer:

c) $25

Explanation:

<em>The value of a preferred stock is the present value of the constant dividend payable for the foreseeable future discounted at the required rate of return</em>

Price = Constant dividend/ required return

The constant dividend = Dividend rate × par value

Dividend as be given as $5 per share

requited return - 20%

So the price of the stock would be

Price = 5/0.2

= $25

7 0
3 years ago
A company revenue reports the following information as of December 31: Sales revenue $800,000 Cost of goods sold 600,000 Operati
Wittaler [7]

Answer:

$320,000

Explanation:

As we know that the

Comprehensive Income = Operating profits + Unrelated profits

The unrelated profits here is profit generated arising due to the sale of debt securities which is not the core operation of the company and hence is unrelated profits.

So by putting values we have:

Comprehensive Income =  ($800,000 - $600,000 + $90,000)  + $30,000

Comprehensive Income =  $320,000

4 0
3 years ago
Read 2 more answers
Rubbermaid allows employees to spend a percentage of their working time on special projects. Imagine that, as a manager for Rubb
MrMuchimi

Answer:

b. Hire an external consultant to pick new team members for you.

Explanation:

The most appropriate option, analyzing the scenario above, would be to hire an external consultant to choose new team members for you, due to the fact that there is difficulty in choosing the qualification of the team and the volunteers who applied for the positions, so an external consultant could take this decision based on adequate parameters and less supported by biased behaviors that could favor some more volunteer by affinity or another issue that was not purely professional. In this way, a fairer, less conflicting and appropriate contracting would occur for everyone in the organization.

8 0
3 years ago
Hahn Corp. has three employees. Each earns $600 per week for a five-day workweek ending on Friday. This month the last day of th
svetoff [14.1K]

Answer:

D. Debiting Wage Expense for $1,080 and crediting Wages Payable for $1,080.

Explanation:

Salary Calculation for three employees for one day = $ 600 + $ 600 + $ 600/5= 1800/5= $ 360

Salary for 3 days for 3 workers= $ 360 * 3= $ 1080

Adjusting Entry would be recognizing the expense and liability for the payment of wages.

So

Wages expense will be debited  with $ 1080

And wages payable would be credited with $ 1080

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3 years ago
Which of the following skills is necessary for a market researcher?
stira [4]

Answer:

i think the answer is Creativity

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3 years ago
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