The right answer for the question that is being asked and shown above is that: "TRUE." <span>Convertible preferred stock may be exchanged, at the corporation's option, for a specified number of shares of common stock. This is true as far as the convertible preferred stock is concerned.</span>
Answer:
$2,338
Explanation:
For computing the ending inventory, first we have to determine the average cost per unit, then ending inventory units which are shown below:
= (Beginning inventory units × price per unit + first purchase inventory units × price per unit + second purchase inventory units × price per unit + third purchase inventory units × price per unit) ÷ (Beginning inventory units + one purchase inventory units + second purchase inventory units + third purchase inventory units)
= (11 units × $51 + 15 units × $53 + 21 units × $55 + 17 units × $57) ÷ (11 units + 15 units + 21 units + 17 units)
= ($561 + $795 + $1,155 + $969 ) ÷ (64 units)
= ($3,480) ÷ (64 units)
= $54.375 per unit
Now the ending inventory units would be
= Available units for sale - sale units
= 64 units - 21 units
= 43 units
Now the ending inventory would be
= Ending inventory units × average cost per unit
= 43 units × $54.375 per unit
= $2,338
Information technology can be used to support - D. all the choices are correct. All of these choices can benefit from information technology, whether those are product development teams, customer support processes, or any other business activities. Information technology nowadays is a must-have, because basically everything today is done using computers or the Internet, which is why all employees should be technologically-literate.
Answer:
The balance in stockholders' equity at the end of year 2 is $31,000
Explanation:
For computing the balance in stockholder equity at the end of year 2, first, we have to compute the balance for year 1 which is shown below:
Year 1 equity balance = Issue of stock + Net income
= $20,000 + $5,000
= $25,000
Now, year 2 balance would equal to
= Year 1 balance + Net income - Dividend paid
= $25,000 + $10,000 - $4,000
= $31,000
Hence, the balance in stockholders' equity at the end of year 2 is $31,000
I agree with the person above - the correct answer as to which statements are true about credit scores is C. both A and B, which means that c<span>redit scores indeed do reflect how likely individuals are to repay their debts and o</span><span>nly the credit bureaus know exactly how credit scores are calculated.</span>
