The cfo of peaceful book binding company has decided that the company needs to raise additional capital. it can sell preferred stock paying an annual $6 dividend per share for $100 per share; however, it will incur a flotation cost of 2.7% per shareafter it pays the underwriter, red oyster seafood company will receive from each share of preferred stock that it issues. based on this information, red oyster seafood company's cost of preferred stock is when raising funds by issuing new preferred stock, the company will incur an underwriting, or flotation, cost that the cost of preferred stock.

Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:

Big trail running company has started to produce running apparel in addition to the trail running shoes that they have manufactured for years. they feel that a departmental overhead rate would best reflect their overall manufacturing overhead usage. based on research the following information was gathered for the upcoming year: machining department finishing department estimated manufacturing overhead by department $ 600 comma 000 $ 400 comma 000 trail running shoes 440 comma 000 machine hours 11 comma 000 direct labor hours running apparel 60 comma 000 machine hours 39 comma 000 direct labor hours manufacturing overhead is driven by machine hours for the machining department and direct labor hours for the finishing department. at the end of the year, the following information was gathered related to the production of the trail running shoes and running apparel: machining department finishing department trail running shoes 442 comma 000 hours 10 comma 500 hours running apparel 57 comma 000 hours 40 comma 000 hours how much manufacturing overhead will be allocated to the trail running shoes

What is the difference between secure bonds and naked bonds?