Answer:
$25,000
Explanation:
Data provided in the question
First payment will occur in a year = $1,000
Growing rate = 8%
Interest rate = 12%
So, the today value of the bequest is
= (First payment will occur in a year) ÷ (Interest rate - growing rate)
= ($1,000) ÷ (12% - 8%)
= ($1,000) ÷ (4%)
= $25,000
Hence, the today value of the bequest is $25,000
Answer:
True
Explanation:
The Sarbanes Oxley Act (SOX) is a federal law in the United States that applies to listed or public companies i.e. companies whose shares are traded freely on the stock exchange. The law, which was established in 2002 following several corporate scandals, put in place comprehensive financial and auditing regulations for listed companies.
As a buyer's agent, you must disclose
this information to the seller's agent since they had you write
and present an offer for cash, with a 30-day close, knowing that it is highly
possible that their funds will not be available at that time.
Answer: The motorcycle because you can sell it for more cash than the cash prize option. Value = $25000 (the price you can sell it for.)
Explanation:
Based on the scenario in the question, we've been given three options which are a new motorcycle, with an MSRP of $30000, or $20000 in cash.
The manufacturer's suggested retail price (MSRP) is simply the price that the producer of a product recommends ifor the product to be sold in retail stores.
Based on the scenario, the best option will be to choose the motorcycle. This is because it can sold for an amount that is not than the cash prize option of $20,000 since the motorcycle is valued at $25000.
Answer:
Dr Retained Earnings $5,200
Cr Common Dividends Payable $5,200.
Explanation:
Preparation of Hutter Corporation journal entry to record the dividend declaration
Since we are told that the Corporation declared a $0.50 per share cash dividend on its common shares in which they had 10,400 as the shares of common stock outstanding. This means the journal entry to record the dividend declaration will be :
Dr Retained Earnings $5,200
Cr Common Dividends Payable $5,200.
(0.50 per share cash dividend ×10,400 shares of common stock outstanding)