Answer: (D) Information asymmetric
Explanation:
Information asymmetric is basically refers to the economical transaction where the one party or any group knows more data or information as compared to the other party.
It is also known as information failure and the information asymmetric involves all the economical data or the information. The imbalance of the power occur due to the cause of imperfect data or the information.
Therefore, Option (D) is correct.
<span>Auditing is the primary means by which supervisors know if employees are in sync with them. It is the process of financial inspection of the company accounts done officially. This can improve the governance and control of the institution and also help with risk management.</span>
Answer:
The answer is $50
Explanation:
100(45) * 0.5 + 4500= $6750
[6750-100x] / 100x = 0.35
6750 = 135x
<u>x = $50</u>
Answer:
9.47%
Explanation:
The computation of the cost of preferred stock is shown below:
Cost of preferred stock = Annual coupon ÷ Price of preferred stock per share
where,
Preferred stock sale price = 100 × 95% = $95
And, the annual coupon = 9% × 100 = $9
= $9 ÷ $95
= 9.47%
We assume the par value be 100
Simply we divide the annual coupon by the price of preferred stock per share so that the correct cost of
preferred stock can be computed
Answer:
Please refer to the below
Explanation:
Journal entry as seen below
Feb 28 Sales tax payable Dr $975
Cash Cr $975
Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.
