The blurring of the lines separating the subsets of the financial industry started in the <span>1990s. The blurring
of the lines that separate the subsets of the financial industry was initiated
in the 1990s under the regime of the president of the US, Bill Clinton. At the time,
the financial products were mainly loans, payment services, deposits, savings,
and fiduciary services. </span>
Answer and Explanation:
The Journal entry is shown below:-
Retained earning Dr, $3.932 B
To Dividends payable $3.932 B
(Being dividend declared is recorded)
Working Note
Retained earning = 7.71 B × $0.51
= $3.932 B
Therefore for recording the dividend declared we simply debited the retained earning and credited the dividend payable.
Answer:
VO = ( expected EPS in year 1 )/k ( D )
Explanation:
The multistage DDM reduces to, VO = ( expected EPS in year 1 )/k, The expected ROE on reinvested earnings been equal to K shows that the ROE is constant. since it is constant the value on returned earnings would be zero.
this simply means that EPS = DPS
Answer:
E. None, i.e., all of the above are true.
Explanation:
A. Services tend to have higher customer interaction than goods.
B. Most goods are common to many customers; services are often unique to the final customer. C. Services tend to have a more inconsistent product definition than goods.
D. Tangible goods are generally produced and consumed simultaneously; services are not.
E. None, i.e., all of the above are true.
All of the above are true
