Answer:
Obviously, since you do not manage your neighbours, you won’t be using a <u>project team</u>. But since you want formal representation from your homeowner’s association, your local law enforcement agency, and the businesses on your street, you think that you might start with a <u>cross-functional team</u>. Whatever type of team you choose, you know that more diversity will bring you <u>more</u> ideas.
1. Project team belongs from various groups.
2. Cross- functional team has diversified experiences.
3. More people bring more ideas.
Answer:
The sales price of the appraised property is $26,400
Explanation:
The sales price of of the appraised property can be expressed as;
SA=(A/C)×SC
where;
SA=selling price of the appraised property
A=appraised rent per month
C=comparable rent per month
SC=selling price of the comparable property
In our case;
SA=unknown
A=$165 per month
C=$150 per month
SC=$24,000
replacing;
SA=(165/150)×24,000=$26,400
The sales price of the appraised property is $26,400
Answer:
1. Year 1 expected value = $32.24
2. Required rate of return = 7.35%
Explanation:
1. For computing the stock price which is expected 1 year from now is shown below:
= Current Price × (1+rate)^number of years
= $31 × (1+0.04)^1
= $31 × 1.04
= $32.24
Hence, the expected 1 year value of stock price is $32.24
2. The required rate of return is computed by using an formula which is shown below:
= (Current Year dividend ÷ Current stock price)+ growth rate
where,
current year dividend is = D1
And, D1 = DO × (1+g)
where,
DO = previous dividend share
g = growth rate
So, $1 × (1+0.04)
= $1 × 1.04
= $1.04
Now apply these values to the above formula
So, required rate of return is equals to
= ($1.04 ÷ $31) + 0.04
= 7.35%
Hence, the required rate of return is 7.35%
It is the detailed record of all the changes in a specific asset, liability, or stockholder's equity item as a result of transaction. Hope this helps!
Answer:
a. Debit Accounts receivable for $600
Explanation:
As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -
Accounts receivable (Debit) $600
Revenue (Catering) (Credit) $600
Accounts receivable is debit because the company owes the amount from the customers.
