Answer:
$2,445
Explanation:.
Calculation for the approximate market value of the firm
First step is to calculate the FCFE
FCFE = 205 - 22(1 - .35) + 25
FCFE=205-22(.65) + 25
FCFE=205-14.3+ 25
FCFE = 215.70
Second Step is to calculate the Market Value
Market Value = (215.70×1.02)/(.11 - .02)
Market Value=220.014/0.09
Market Value= $2,445
Therefore the approximate market value of the firm will be $2,445
Answer:
The correct option is C
Explanation:
Provided rise in price increases the revenue from muffin.
That is by $35,000 to $38,000
Rates per muffin = $2 to $3 revised.
Demand at price of $2 = $35,000/$2 = 17,500 units
Demand at price of $3 = $38,000/$3 = 12,667 units approximately
Thus, with increase in price the demand gets to fall in number, though the revenue has increased.
Since the price is increasing by $1 per unit, thus the range is unit elastic.
The correct statement is C
Answer:
Corrected Trial Balance
Particulars Debit Credit
Cash $10,900
Account receivable $14900 (6700+8200)
Office supplies $2400 (1000+1400)
Prepaid insurance $4100 (300+3800)
Equipment $83000
Account payable $4800 (3400+1400)
Notes payable $45000
Trumball common stock $57000
Trumball dividend $3200 (5000+200-2000)
Service revenue $16450 (12350+4100)
Salaries expense $3700 (4400-700)
Rent expense $750
Advertising expense <u>$300 </u> <u> </u>
Total <u>$123,250</u> <u>$123,250</u>
Answer:
Explanation:
1.What's your budget, how many people are you inviting,
2.what's your dream venue?
3.Do you have any vendors in mind?
4.How involved do you expect a wedding planner to be?
5.What weddings have you been to that you didn't like?