Answer:
both blanks can be filled by <u>5%</u>
Explanation:
The quantity theory of money states that there is a proportional relationship between the money supply and the general level of prices. An increase in the money supply will increase the general level of prices in the same proportion (called inflation).
The Fisher equation measures the relationship between nominal and real interest rates. Real interest rate = nominal interest rate - inflation rate.
So if inflation increases, the nominal inflation rate will increase to keep the real interest rate the same.
The answer is<u> "Whether the gift was reasonable in the circumstances."</u>
The AICPA Code of Professional Conduct is a collection of arranged articulations issued by the American Institute of Certified Public Accountants that blueprint a CPA's moral and expert responsibilities. The code builds up benchmarks for evaluator autonomy, respectability and objectivity, duties to customers and partners and acts discreditable to the bookkeeping calling. The AICPA is in charge of drafting, overhauling and reissuing the code every year, on June 1.
Answer:
$16.21
Explanation:
Worth of the stock is the present value of all the cash flows associated with the stock. Dividend is the only cash flow that a stock holder receives against its investment in the stocks. We need to calculate the present values of all the dividend payments.
Dividend Payment $1.10
Growth rate first 3 years 10%
Growth rate first 4 years 3.2%
Required rate of return 12%
Dividend Discount Factor PV Factor
First year Dividend $1.21 0.892857143 $1.08
Second year Dividend $1.33 0.797193878 $1.06
Third year Dividend $1.46 0.711780248 $1.04
Fourth year Dividend $1.61 0.635518078 $1.02
Stock value after fourth year = $18.89 0.635518078 <u>$12.00 </u>
Stock Value <u>$16.21 </u>
Answer:
Prepaid Insurance account will have a debit balance of 2700
Explanation:
Prepaid 3600 balance
October 31 300 3300
November 30 300 3000
December 31 300 2700 January 1
