Answer:
The rate of growth of their dividend is 6.30%.
Explanation:
This problem requires us to calculate the growth rate at which the dividend will grow. The market value of share and market rate of return is also given in the problem. So we can easily calculate it using market valuation formula.
MV = D(1+G%)/ke
39.86 = 1.2 (1+G%)/(9.5%-G%)
G = 6.30%
Answer:
A retroactive date endorsement
Explanation:
In Insurance, a retroactive date endorsement is used for most claims-made policy forms.
For a claims-made policies, the date which a professional liability coverage begins, covering for any incident that causes damage or harm to a third party on or after the date it occurred, provided the claims relating to it were filed with an active liability insurance coverage, is known as the retroactive date endorsement.
Hence, Bernice should add a retroactive date endorsement to the policy to protect the insurer against liability for such previous losses.
I think its true. I don't think its false so true
Answer:
June 15th, 2017
accounts receivables 2,000 debit
sales revenues 2,000 credit
July 15th, 2017
cash 2,000 debit
accouns receivables 2,000 credit
Explanation:
The contract is perform when Cosmo delvier the goods to Greig than aren't rejected. Greig accepted the good thus, the contract is valid from that date.
Answer:
Revenues are Credited, Expenses are Debited and the difference of Revenue and Expenses is credited in the Retained Earnings.
Explanation:
The revenue and retained earnings account are credit in nature and expenses are debit in nature.
This can be Explained from the following equation:
Closing Equity = Opening Equity + (Revenue - Expenses)
Closing Equity - Opening Equity = (Revenue - Expenses)
Earnings Retained by the Company = (Revenue - Expenses)
So the difference of the revenues and expenses goes to retained earnings. If the answer of the difference is positive then the retained earnings are credited otherwise it is credited. So as I said that revenues are credit in nature so if their is profit (credit is in access of debit or in other words revenues are in excess of expenses) then the retained earnings will be credited and if their is a loss then the retained earnings account will be debited.
