Answer:
The amount of the last annual dividend paid is <u>$4.3</u>.
Explanation:
Given:
The common stock of Zeta Group sells for $42 per share, has a rate of return of 12.2 percent, and a dividend growth rate of 1.8 percent annually.
Now, to find the amount of last annual dividend paid.
Let the amount of last annual dividend paid be 
Price of per share (
) = 
Rate of return (
) = 
Rate of dividend growth (
) = 
Now, to get the amount of last dividend paid we put formula:
<em>Multiplying both sides by 0.104 we get:</em>
<em />
<em />
<em>Dividing both sides by 1.018 we get:</em>
Therefore, the amount of the last annual dividend paid is $4.3.
Answer:
Future value = 16007.81437
Explanation:
we have to compound all the rates for the time period together as the 7,750 as exposed to this rate and their interest generated in one period are taking into consideration for the subsequent period interest calculations.
We multiply them and get the future value factor:
we now can solve for future value:
Future value = 16007.81437
Answer:
The answer is: D) $34,300
Explanation:
The selling price was $35,000 with terms 2/10, n/30. This means that if the buyer pays their bill before the ten days period, they will get a 2% discount. If the buyer pays the bill after the ten days period but before thirty days, they will pay the full amount.
Since the buyer paid before the ten days period they will get a 2% discount. The total cash received by Banks Company was $35,000 x 98% = $34,300
Answer: The correct answer is "A. A only".
Explanation: First-in, first-out (FIFO) process costing first transfers out the costs in beginning inventory because the oldest units are the first to leave (First in - First out).
And it does not require an additional step in cost allocation to units transferred out and the final Work-in-Process inventory.
