________leads to better quality and lower prices?

DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annual

asambeis [7]

Answer:

5.93%

Explanation:

Cumulative Dividend for both (5.56+5.88) $11.44

share price for both types of preferred stock (95.55+97.5) $193.05

Cost of preferred stocks $11.44/193.05=5.93%

6 0

3 years ago

Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In su

Triss [41]

Answer and Explanation:

Perfect competition is a competitive market where there is a very wide number of buyers and sellers who offer the same or similar goods with great product and service information. Furthermore, this sector has free entry and exit

So it is a perfectly competitive market, also it cannot influence the market price also there are price takers

Also the given statement is false as it represents the monopoly market not the perfect competition market

5 0

3 years ago

What is the Investment in Mopsy Co. balance as of December 31, 2020, if the equity method has been applied

jeka57 [31]

Answer:

$1,609,000

Explanation:

Calculation to determine the Investment in Mopsy Co. balance as of December 31, 2020, if the equity method has been applied

First step is to calculate the Unrecorded Patents Amortization

Unrecorded Patents Amortization

=$1,400,000-[($6,400,000 - $3,000,000)×30%] /10 years

Unrecorded Patents Amortization

=$1,400,000- ($3,400,000 × 30%)/10 years

Unrecorded Patents Amortization

=$1,400,000 - $1,020,000/10 years

Unrecorded Patents Amortization = $380,000 / 10 years

Unrecorded Patents Amortization= $38,000

Now let determine the Investment

Investment=$1,400,000 + $180,000 + $225,000 - $60,000 - $60,000 - $38,000 - $38,000

Investment= $1,609,000

Therefore the Investment in Mopsy Co. balance as of December 31, 2020, if the equity method has been applied is $1,609,000

8 0

3 years ago

Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory wa

Dimas [21]

Answer:

COGS= $598,020

Explanation:

Giving the following information:

Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory was $67,000, and his ending inventory is $77,200. During the year, Kevin withdrew $1,780 in inventory for his personal use.

We need to deduct the inventory used for personal use.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 67,000 + 610,000 - 77,200 - 1,780

COGS= $598,020

3 0

3 years ago

If the physical count of the inventory revealed $158,000 of merchandise on hand and the inventory records reported $163,000, wha

krek1111 [17]

The necessary adjusting entry to record inventory shortage would be:

“Cost of Merchandise Sold debit $5,000; Merchandise Inventory credit $5,000.”

Cost of Merchandise Sold is the cost of goods and services that correspond to sales made to customers. In this case, we need to decrease ending inventory by the quantity of these goods ($5,000) that either were shipped to customers or assigned as being customer-owned under a certain agreement. Meanwhile, the merchandise inventory is the cost of goods on hand and is available for sale ($5,000).

6 0

3 years ago