Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 17, 2023

The company, issued 50,000 10% Preference Shares of $. 100 each redeemable after 10 years at a premium of 5%. The cost of issue is

The company, issued 50,000 10% Preference Shares of $. 100 each redeemable after 10 years at a premium of 5%. The cost of issue is $. 2 per share. Calculate the cost of preference shares.

Step by Step Solution

★★★★★

3.45 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the cost of preference shares we need to consider the cost of issue ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Reporting

Authors: Alan Melville

7th Edition

1292293128, 9781292293127

More Books

Students also viewed these Finance questions

Question

★★★★★

Select the oxidizing or reducing agent(s) that you would use to carry out the transformation below. OH HC i. 03, CH3OH ii. (CH3)2S PCC Na, NH3 ORCO3H NaBH4 LOCH3 i. LiAlH4; ii. H3O+ H, Pd H,...

Answered: 1 week ago

Question

★★★★★

The following trial balance extracts relate to Moston as at 30 June 2020: The following notes are relevant: 1. Revenue includes a 3 million sale (made on 1 January 2020) of maturing goods. The...

Answered: 1 week ago

Question

★★★★★

The following trial balance extracts relate to Moston as at 30 June 2023: The following notes are relevant: 1. Revenue includes a 3 million sale (which was made on 1 January 2023) of maturing goods....

Answered: 1 week ago

Question

★★★★★

The Secretary of Defense shall establish which program to maintain liaison with industry advisory groups to coordinate the development of the supply catalog?

Answered: 1 week ago

Question

★★★★★

Periodic evaluations of personnel and departments aimed at pruning deadwood cause far too much harm to the organization. Such axing evaluations should themselves be pruned. Argue this position as...

Answered: 1 week ago

Question

★★★★★

How does path analysis relate to SEM?

Answered: 1 week ago

Question

★★★★★

4. Describe how you would conduct an assessment for criminogenic factors in offenders with intellectual disability.

Answered: 1 week ago

Question

★★★★★

Depreciation for Partial PeriodsSL, Act, SYD, and DDB on January 1, 2008, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5...

Answered: 1 week ago

Question

★★★★★

A Telecommunications company recently installed a new speech recognition system for its repair calls. In their old system, operators had to press keys on the numeric keypad to answer questions, which...

Answered: 1 week ago

Question

★★★★★

Figure 6.5, panel A, illustrates technical inefficiency for firms with a one-input production function. It was explained that ineffi ciency could be measured by output distance or, alternatively,...

Answered: 1 week ago

Question

★★★★★

Ethical Decision Making Assume that Charlie then tells Iris, I have a friend who runs a placement service and can find you exactly the right person for this position. Once you have the job posted,...

Answered: 1 week ago

Question

★★★★★

Question: Transfer function of a complex control system is given below. T(s): = 30s + 3s + s s6+3s5+4s + 6s + 5s +3s+2 a) Observe system's stability according to coefficient tests and mention your...

Answered: 1 week ago

Question

★★★★★

11. [10] The stochastic exponential of a constant, that is, the process & defined by Et = exp xp (aB - 1/2), t for some constant a, is a martingale. a. Prove the above statement directly, that is, by...

Answered: 1 week ago

Question

★★★★★

You sell t shirts at $10 each, and you have to pay the worker at each workstation $500/day.You went and hired a student who did some market research and told you that you could increase your price to...

Answered: 1 week ago

Question

★★★★★

1. The linkage shown below is made of two identical members with lengths of 0.8 m and masses of 3 kg. The left member is connected to the ground by a pin joint, and the right member is connected to...

Answered: 1 week ago

Question

★★★★★

What role would market research play in helping businesses improve their B 2 C communications ( and result in a higher frequency of positive C 2 B interactions ) ?

Answered: 1 week ago

Question

★★★★★

Arcadia Company incurred the following costs and machine hours during the first three months of the current year. Assume that the driver for all costs is machine hours. Type of cost January February...

Answered: 1 week ago

Question

★★★★★

Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her...

Answered: 1 week ago

Question

★★★★★

The International Accounting Standards Board (IASB) develops international standards by means of a "due process". The main stages of this process are listed in the Preface to International Financial...

Answered: 1 week ago

Question

★★★★★

The statement of financial position of Aadvaark Trading Ltd at 30 November 2020 (with comparatives for 2019) is as follows: The following information is also available: (i) Freehold property which...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

a-c. Consider the accompanying computer results, which describe regression analyses involving two independent variables X1 and X2 and a dependent variable Y (using a different data set from the one...

Answered: 1 week ago

Question

★★★★★

Use the computer output from Problem 10 in Chapter 8 and from Problem 16 in Chapter 5 to answer the following questions. (Assume that no interaction occurs between house size [X1] and number of rooms...

Answered: 1 week ago

Question

★★★★★

Consider the following computer results, which describe regression analyses involving two independent variables X1 and X2 and a dependent variable Y. Assume that your goal is to assess the...

Answered: 1 week ago

Previous Question Next Question