Answer:
look at valorant the game outfits
Answer:
1/Oct : Cash (Dr.) $8,660
Accounts Receivable (Cr.) $8,660
10/Oct : Equipment & Supplies (Dr.) $9,660
Notes Payable (Cr.) $9,660
20/Oct : Accounts Receivable (Dr.) $2,640
Service Revenue (Cr.) $2,640
Explanation:
Debits $16,960
Cash 6,600
Accounts Receivable 1,840
Supplies 1,840
Equipment 4,660
Dividend 2,020
Credits : $16960
Accounts Payable 4,660
Notes Payable 9,660
Service Revenue 2,640
1/4 - 2/3y = 3/4 - 1/3
-1/4 -1/4
(3)-2/3y = (3/4 - 1/3 - 1/4)3
-2y = 1/2
/-2 /-2
y = -1/4
Answer:
The maximum that one should be willing to pay for this stock today is $21.38
Explanation:
The constant dividend paying company is the one whose dividend growth remains zero or unchanged. The zero growth model of the DDM is used to calculate the price or value of stock today of such a stock. This kind of stock is just like a perpetuity as it pays a fixed amount after fixed intervals of time forever.
The formula for price of such a stock or zero growth model is:
Price = Dividend / r
Price = 3.1 / 0.145
Price = $21.379 rounded off to $21.38
Answer:
1. Expense recognition or Matching principle
2. Historical cost principle
3. Economic Entity principle
Explanation:
1. The expense recognition or matching principle states that each expense should be recorded whenever the revenue is recognized or whenever the expenses are recognized. As AstroTurf company recognizes the cost of goods sold when the manufacturing process is completed, the company is violating the expense recognition principle.
2. The historical cost principle states that the cost of any non-current assets (tangible or intangible) should be valued at their purchase price or cost price. However, McCloud Drug company showed the Patent as market value in the balance sheet. Hence, the company is violating the historical cost principle concept.
3. According to the economic entity principle, one of the vital underlying assumptions, the economic activity of the business should be separated from its owner or manager or chairman or all other economic entities. As Philips company paid the mortgage of its president and showed it as a miscellaneous expense of the company's income statement, they violated the economic entity principle by not separating it.
