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problem: Fleishman Corporation issued 5,000 shares of its no-par common stock for 28 dollar per share & 510 shares of its 50 dollar par value preferred stock for 52.50 dollar per share. Make journal entries to record the sale of the stock.
Basic Finance, Finance
A real estate agent wished to estimate the relationship between the resale value in dollars of a house (PRICE), their age in years (AGE), the number of bedrooms (BED) and the number of previous owners (OWN). The followin ...
During the financial crisis LIBOR was manipulated. LIBOR is a frequent index in adjustable rate mortgages. what made it relatively easy to manipulate LIBOR?
Suppose you are interested in taking a safari to Kenta, Africa, next summer but are worried about the price of the trip, which has ranged from $2,500 to $3,500 over the past five years. The current price is $3,000. Suppo ...
Finance and Budgeting Questions Q1. The following chart shows revenue and cost figures for a product development effort over a five year period of time. In what year does payback occur? Year Cost Revenue 1 $30k $0 2 $20k ...
In what form can a depository institution hold its required and excess reserves? What are the possible uses of currency outside the Fed?
For questions A and B, express your answer in a number between 0 and 1 with four digits of precision (i.e. 25.01% is 0.2501). For question C, express your answer in two decimal places (e.g. 1.31) A manufacturing firm has ...
Risk and Return of Commercial Paper : You have the choice of investing in top-rated commercial paper or commercial paper that has a lower risk rating. How do you think the risk and return performances of the two investme ...
Ross Times, the student newspaper of Ross College, printed a "What do you think?" column feature discussing the parking situation on campus. To gather student opinion on parking, an editor for the paper stood at the entr ...
Explain how the AFN equation can be used to forecast the amount of funds that will be needed over a several year period.
Q1. You're given with a 5-year auto loan from your credit union. Suppose the total loan you have is $25,000 and the current market interest rate is 5.2% for the short-term loans with the same creditability as yours. Answ ...
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