Training is working hard and development is getting better
Answer:
Income
Explanation:
A budget shows a plan of how one will spend their income. It is, therefore, a plan of expenditure. A budget shows total expected income on one side and projected expenditure on the other side. The budget is balanced when income and expenses are equal.
Answer:
d. $2(1.10)/[0.15-0.10]
Explanation:
The formula to compute the today value of the stock by using the Gordon model is shown below:
= Next year dividend ÷ (Required rate of return - growth rate)
where,
Next year dividend is
= $2 + $2 × 10%
= $2 + 0.2
= $2.2
And, the required rate of return is 15%
Plus the growth rate of return is 10%
So, the today value of the stock is
= $2.2 ÷ (15% - 10%
= $44
Answer:
Date Account Titles and Explanation Debit Credit
1-Nov Cash Dividends $42,000
(8,400 shares x $5)
Dividends Payable $42,000
(To record dividends payable)
1-Dec No entry on this date
31-Dec Dividends Payable $42,000
Cash $42,000
(To record payment of cash dividend)
