This topic contains a solution. Click here to go to the answer

Author Question: You purchase 10,000 worth of supplies every 90 days and never take the trade discount of 2/10 net ... (Read 241 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
You purchase 10,000 worth of supplies every 90 days and never take the trade discount of 2/10 net 30. How
  much could you save each (360-day) year if you took the discount?
 
  What will be an ideal response?

Question 2

Which of the following statements is TRUE?
 
  A) Preferred stock usually has a stated or par value and, like bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date.
  B) The par value for preferred stock, unlike bonds, is never paid back.
  C) A preferred stock's cash dividend due each year is based on the stated dividend rate times the market value of the stock.
  D) Some preferred stocks are cumulative with respect to dividends, meaning that if a company skips a cash dividend, it must pay it at some point in the future.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

2  10,000 = 200
4-90 day periods per year
200  4 = 800

Answer to Question 2

Answer: D
Explanation: D) Preferred stock usually has a stated or par value BUT UNLIKE bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date. The only time this par value would be paid to the shareholder is if the company ceases operations or retires the preferred stock. The cash dividend due each year is based on the stated dividend rate times the PAR VALUE of the stock.




09madisonrousseau09

  • Member
  • Posts: 559
Reply 2 on: Jul 10, 2018
Wow, this really help


JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library