Yes they should because it takes time to learn new things at a new job
Answer:
the rate of commission is 8%
Explanation:
The computation of the rate of commission is shown below:
Rate of commission is
= Commission received by the broker ÷ Sale value of the home
where,
The Commission received by the broker is $13,200
And, the sale value of the home is $165,000
Now put these values to the above formula
So, the rate of commission is
= $132,00 ÷ $165,000
= 8%
Hence, the rate of commission is 8%
Answer:
d. $52,100
Explanation:
Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.
These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $46,300
Adjustment made:
Add: Decrease in accounts receivable $2,200 ($23,800 - $21,600)
Add: Increase in accounts payable $3,600 ($24,500 - $28,100)
Total of Adjustments $5,800
Net Cash flow from Operating activities $52,100
Answer:
The company's cost of preferred stock is 9.08%
Explanation:
To calculate the cost of preferred stock we would use the following formula:
cost of preferred stock = <u> dividend </u>
Price×(1-Flotation)
According to the details of the letter, the dividend is $8.50, the price is $97.50 per share and the flotation is 4.00%
So, cost of preferred stock =<u> $8.50 </u>
$97.50×(1-4%)
= <u> $8.50 </u>
$93.6
= 9.08%. Cost of preferred stock.
This is true for example if someone stops paying their mortgage the bank takes their house even though the people have been paying money <span />