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Wahoo just issued preferred stock at a semiannual dividend of $2 per share. If you have an annual discount rate as an investor of 8%, how much the price of the preferred stock should be

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Answer 1
Answer:

Answer:

The price of the preferred stock should be $ 50.

Explanation:

Price of the issued preferred stock: semianual dividend of $2 per share.

Annual discount rate: 8%

With these details we are able to perfom the following calculations:

Annual Preferred Dividend = Semi Annual Dividend x 2

= $2.00 x 2 = $4.00 per share

Then we know that the Price of Preferred Stock = Annual Dividend per share on Preferred Stock / Discount Rate

So this is= $4.00 per share / 0.08

= $50.00 per share. Price of the preferred stock

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The skill you’re focusing on this week is:

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could you explain some more please

Suppose a group of investors pooled $750,000 and founded Best National Bank in Rochester, NY. Best National Bank used $$75,000 of this to purchase shares in the New York Federal Reserve Bank. With the remaining $675,000, the bank manager purchased a building, furniture, and equipment for the bank.

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Answer:

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Regulatory focus theory suggests that consumers will react differently depending on which broad set of motives is more salient. Name and describe the two prominent sets of motives and describe how consumers will react when each set of motives is more noticeable. Use a specific product or service to explain your answer.

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Two prominent sets of motives under regulatory focus theory are termed Promotion and prevention.

What is regulatory focus theory?

According to the regulatory focus hypothesis, people can work toward objectives with either a promotion or a preventive emphasis. People who aim for advancement interpret pleasure as the accomplishment of their aims, ambitions, and aspirations, and interpret suffering as their absence.

Motives assume that emotional trade-offs between both the coexisting motivational systems on promotion and prevention will always happen. Promotion-oriented people are opportunistic and look for real experiences as motivation to develop action-oriented objectives, which are necessary to getting outcomes.

People who have a prevention orientation are extremely optimistic and see keeping things as they are and preventing bad things from happening as their defining and overriding motives.

To learn more about regulatory focus theory

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On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash $ 27,200 Dr. 111 Accounts Receivable 15,800 Dr. 121 Supplies 2,000 Dr. 131 Prepaid Rent 38,600 Dr. 141 Equipment 44,000 Dr. 142 Accumulated Depreciation—Equip. 1,000 Cr. 202 Accounts Payable 6,500 Cr. 301 Emilio Gonzalez, Capital (12/1/2019) 45,620 Cr. 302 Emilio Gonzalez, Drawing 6,200 Dr. 401 Fees Income 112,400 Cr. 511 Advertising Expense 3,800 Dr. 514 Depreciation Expense—Equip. 800 Dr. 517 Rent Expense 2,600 Dr. 519 Salaries Expense 18,800 Dr. 523 Utilities Expense 5,720 Dr. Required: Journalize the closing entries in the general journal. Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Analyze: What is the balance of the Salaries Expense account after closing entries are posted?

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Answer:

Fees Income 112,400 debit

   Income Summary 112,400 credit

Income Summary 31,720 debit

    Advertising Expense 3,800 credit

    Depreciation Expense—Equip 800 credit

    Rent Expense 2,600 credit

    Salaries Expense 18,800 credit

   Utilities Expense 5,720 credit

income summary   80,680‬  debit

    Emilio Gonzalez, Drawing   6,200 credit

    Emilio Gonzalez, Capital    74,480 credit

Explanation:

We close the temporary account which are, reveneus and expenses against income summary then we close this account balance against Emilio Capital Account along with Emilio's drawings.

During March, the production department of a process operations system completed and transferred to finished goods 17,000 units that were in process at the beginning of March and 150,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 59% complete with respect to conversion. At the end of March, 34,000 additional units were in process in the production department and were 100% complete with respect to materials and 24% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method.

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Answer:

a)201,000 units

b) 175,167 units

Explanation:

As per the data given in the question,

Details                               Materials                                 Conversion

                               Calculation      Units                 Calculation          Units

Units completed

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Ending WIP      34,000×100%           34,000          34,000×24%        8,160

Total units      (167,000+34,000)    201000         (167,000+8,167)   175,167

The manufacturing overhead budget at Rost Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,800 direct labor-hours will be required in September. The variable overhead rate is $7.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,120 per month, which includes depreciation of $3,640. All other fixed manufacturing overhead costs represent current cash flows. The September cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

Answers

Answer:

Total overhead cash disbursement= $59,080

Explanation:

Giving the following information:

Estimated direct labor hours= 2,800

The variable overhead rate is $7.00 per direct labor-hour.

Estimated fixed manufacturing overhead= $43,120 per month

Includes depreciation of $3,640

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Variable overhead= 7*2,800= 19,600

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