Answer:
See below
Explanation:
1. Supply expense. 700
Supplies inventory. 700
2. Insurance expense. 650
Prepaid insurance. 650
3. Depreciation expense. 200
Accumulated Depreciation. 200
4. Wages expense. 100
Wages payable. 100
Answer:
15.83%
Explanation:
Calculation to determine is the standard deviation of the returns on Kurt’s Adventures, Inc. stock
First step is to determine l E(r)
E(r) = (.30 *.30) + (.55 *.12) + (.15 *-.20)
E(r)= .09 + .066 -.03
E(r)= .126
Second step is to determine Var
Var = .30 *(.30 -.126)^2 + .55 *(.12 -.126)^2 + .15 *(-.20 -.126)
Var=0090828 +.0000198 + .0159414
Var= .025044
Now let determine the Std dev
Std dev = √.025044 = .15825
Std dev= 15.83 percent
Therefore the standard deviation of the returns on Kurt’s Adventures, Inc. stock.is 15.83 percent
Answer: C.) a breach
Explanation: The scenario described above, highlights a breach on the path of VMC, a breach in a legal context refers to the failure to comply or observe certain guiding principle. In contract terms, a breach is a violation of contract terms. Once talk talk has offered to buy from VMC, the order made available and to talk talk Inc. by VMC should meet the standard specification requested in Talk talk's order. Any violation of these specification without notifying talk talk will be considered a breach.
Answer:
Helps analyze differences between actual and budgeted results
Helps reveal undesirable outcomes
Helps in planning and control activities
Explanation:
A master budget comprised of future income statement or planned operating budget and the future balance sheet or financial budget that represent the goals and objectives of the organization and the ways to achieve them. It identified the actual & budgeted results difference, It disclosed the non-desirable results and also it helps in activities that deals in planning & controlling
Therefore the above statements should be correct
Answer:
$24.44
Explanation:
The computation of the price sell for in four years is shown below:
But before that first determine the following calculations
Growth Rate is
= ROE × Plowback ratio
= 24% × 0.15
= 3.6%
Now
Dividend per share is
= EPS × (1 - Plowback Ratio)
= $2 × (1 - 0.15)
= $1.57
And, finally
Price of share is = Expected Dividend Next Year ÷ (Required Return - Growth Rate)
It can be rearrange like
Price in 4 years = Dividend Year 5 ÷ (Required Return – Growth Rate)
= 1.57 × (1.036)^4 ÷ (11% - 3.6%)
= $24.44
