A depository institution is a financial institution in the United States.
Answer:
b. has no-par value stock.
Explanation:
Additional paid-in capital represents the amount of money that shareholders have paid for their shares of stock, in excess of the par value of the stock. This is most likely to occur with no-par value stock, which has no set value assigned to each share.
A company's operating cycle refers to the average time that is required to go from cash to: cash in producing revenues.
<h3>What is an
operating cycle?</h3>
An operating cycle can be defined as the average time that it takes a company or business organization to buy goods, sell these goods and generate revenue (cash) from the sales of the goods.
This ultimately implies that, an operating cycle is simply the average time that is required to go from cash to cash in producing revenues, especially from the sales of the goods.
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Answer:
30.77%
Explanation:
Assume investment = $1
Assume mount after 24 months = $5
Number of quarters in 24 months = 24/4 = 6
Future value = P*(1+r)^n; Where P is payment, r is interest rate per period, n is number of periods
5000 = 1*(1+i)^6
1*(1+i) = 5^(1/6)
1+i = 1.30766048601
i = 1.30766048601 - 1
i = 0.30766048601
i = 30.77%
So, the rate of return per quarter being offered is 30.77%
