Answer:
(1) establish the fund on January 1,
- Dr Petty cash fund 200
- Cr Cash 200
(2) reimburse it on January 8
- Dr Postage expenses 39
- Dr Transportation expenses 12
- Dr Delivery expenses 14
- Dr Miscellaneous expenses 28
- Cr Cash 93
(3) both reimburse the fund and increase it to $350 on January 8, assuming no entry in part 2.
- Dr Petty cash fund 150
- Dr Postage expenses 39
- Dr Transportation expenses 12
- Dr Delivery expenses 14
- Dr Miscellaneous expenses 28
- Cr Cash 243
The only difference between part 2 and 3 is that the Petty cash fund is increased by $150, and cash decreases by $243 instead of $93.
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%
It wasn't fully announce that Sears is going out of business but rather, they are just going to close 150 of its branches this year 2017. This is according to Business insider. <span>Most of the stores will start liquidation sales on Jan. 5 and will go </span>out of business<span> in March and April. Hope this helps.</span>
Answer:
C ) As demand increases,price increases
Answer:
Human rights comprise of civil and political rights, such as the right to life, liberty and freedom of expression; and social, cultural and economic rights
