Answer and Explanation:
The classification of the funds as a short term or long term strategy as follows;
a. Line of credit = short term financing
b. Commercial paper = short term financing
c. Trade credit = short term financing
d. Bank load of 10 months = short term financing
e. Bond = long term financing
f. Stock = long term financing
g. Bank load of 20 months = long term financing
In this way, the classifications of the funds has to be done
Answer:
The value of the stock is $28.57
Explanation:
Data provided in the question:
Dividend paid at the end of the year, D1 = $2.00 per share
Increase in dividend = $1.50 per share
Growth rate, g = 5% = 0.05
Required rate of return = 12% = 0.12
Now,
Price with constant Dividend Growth model = D1 ÷ ( r - g )
= $2 ÷ ( 0.12 - 0.05 )
= $28.57
Hence,
The value of the stock is $28.57
Given:
April 1 - <span>Griffith publishing company received $1,548 from Santa Fe, inc. for 36-month subscriptions.
</span><span>
1,548 / 36 months = 43 per month.
Assuming that the amount is paid in cash.
Debit Credit
April 1:
Cash 1,548
Unearned Revenue 1,548
April 30:
Unearned Revenue 43
Revenue Fees 43
May 31:
Unearned Revenue 43
Revenue Fees 43
June 30:
Unearned Revenue 43
Revenue Fees 43
</span>July 31
Unearned Revenue 43
Revenue Fees 43
August 31:
Unearned Revenue 43
Revenue Fees 43
September 30:
Unearned Revenue 43
Revenue Fees 4<span>3
</span>
October 31:
Unearned Revenue 43
Revenue Fees 43
November 30:
Unearned Revenue 43
Revenue Fees 43
December 31:
Unearned Revenue 43
Revenue Fees 4<span>3
</span>
Book Value of Unearned Revenue is: 1,548 - (43*9) = 1,548 - 387 = 1,161
Since it is a monthly subscription, the unearned revenue must always have an adjusting entry at the end of the month because Griffith company has already earned some of the prepaid fees.
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