An agreed-upon solution about a common set of engineering features and design choices is known as a?

The newspaper reported last week that Bennington Enterprises earned $34.07 million this year. The report also stated that the fi

Arada [10]

Answer:

Earning growth rate will be 12 %

Explanation:

We have given that Bennington Enterprises earned $34.07 million this year.

Return equity = 16 % = 0.16

Retained earning = 75 % = 0.75

We have to find the firm's growth rate

We know that growth rate is given by

Growth rate = Return on equity × retained earning

So firm's growth rate will be equal to = 0.16×0.75 = 0.12

Therefore the earning growth rate will be 12 %

6 0

3 years ago

Hulse Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 600 shares of Wade common stock (

kicyunya [14]

Answer:

(a)

Dr. Cr.

Feb 1

Investment $7,200

Cash $7,200

Jul 1

Cash $600

Dividend Income $600

Sep 1

Cash $4,300

Gain on sale $700

Investment $3,600

(b) Dividend will be shown as other income in the revenue section of Income statement. Gain on sale of common share will be reported on income statement after operating profit.

Explanation:

Per Share Purchase Price = 7200 / 600 = $12

300 Shares Purchase Price = $12 x 300 = 3,600

8 0

3 years ago

Ferguson corp. purchased inventory on account for $20,000. the entry to record this transaction would include?

Marianna [84]

The entry to record this transaction would include:

Dr. Inventory $20,000

Cr. Accounts payable $20,000

What does it mean to purchase inventory on account?

Purchasing the inventory on account for $20,000 means that Ferguson corp. did not make payment for the inventory immediately, it rather purchased the inventory on credit with a promise to pay later.

As a result, the liability of Ferguson corp. has increased, specifically, the company would credit accounts payable with $20,000 such that inventory, which is the receiving account is debited with the same amount

Find out more about journal entry on:brainly.com/question/11312217

#SPJ1

8 0

2 years ago

After purchasing a fancy cut diamond ring for his wife, jason feels dissatisfied with his purchase as he feels that the ring was

ivanzaharov [21]

Buyer's remorse.

Buyer's remorse is a feeling of regret after making a purchase, especially for something expensive or extravagant.

3 0

3 years ago

Present Value of Ordinary Annuity Period/Rate 5% 6% 7% 8% 9% 10 7.7217 7.3601 7.0236 6.7101 6.4177 11 8.3064 7.8869 7.4987 7.139

klasskru [66]

Answer:

The discount rate of 8% for 11 year period provides the present value of annual cash flows to be equal to the initial investment.

Explanation:

Using the table of present value of annuity provided, we can check the rate and time period which is return the present value of cash flows from the project to be equal to initial Investment.

We are told that the Project's life is expected to be 11 Years. Thus using the 11 year period from the table we can see the following rates,

<u>11 Year Period</u>

Rate = 5% , Annuity Factor = 8.3064

Rate = 6% , Annuity Factor = 7.8869

Rate = 7% , Annuity Factor = 7.4987

Rate = 8% , Annuity Factor = 7.1390

Rate = 9% , Annuity Factor = 6.8052

We know that the annual cash flows from the project is $1,000,000 and we know the Initial Outlay is $7,139,000.

Multiplying the annual cash flow from the above annuity factors for each rate we can see which rate provides the present value of annual cash flows to be equal to initial outlay.

Rate = 5% , Present value = 8.3064 * 1000000 = $8,306,400

Rate = 6% , Annuity Factor = 7.8869 * 1000000 = $7,886,900

Rate = 7% , Annuity Factor = 7.4987 * 1000000 = $7,498,700

Rate = 8% , Annuity Factor = 7.1390 * 1000000 = $7,139,000

Rate = 9% , Annuity Factor = 6.8052 * 1000000 = $6,805,200

From the above calculation we can see that the rate of 8% provides the present value of annual cash flows to be equal to the initial investment.

7 0

3 years ago