The estimate of the price of Royal Ranch House stock at the end of the fifth year will be $23.45.
- Current price of the common stock = $18.11
- Growth rate = 5.30%
- Time = 5 years.
Therefore, the estimate the price of Royal Ranch House stock by the fifth year will be:
= Current price × (1 + 5.30%)⁵
= $18.11 × (1 + 0.053)⁵
= $23.45
Therefore, the correct option is $23.45.
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Answer:
Explanation:
The journal entries are shown below:
a. On August 31:
Allowance for Doubtful accounts A/c Dr $200
To Accounts receivable A/c $200
(Being the balance is written off)
b. On December 15:
Allowance for Doubtful accounts A/c Dr $200
To Accounts receivable A/c $200
(Being the balance is written off)
Cash A/c Dr
To Accounts receivable A/c
(Being the written off collected in cash is recorded)
Answer:
False.
You don't want to work day and night, or do something you are not willing to, just to get a bunch of money
Explanation:
Answer:
$35,323
Explanation:
Present value = Future value * PVF of single sum(n=3, i=9%)
Present value = $240,000 * 0.77218
Present value = $185,323
Book value = Cost of building - Accumulated depreciation
Book value = $250,000 - $100,000
Book value = $150,000
Gain on sale of building = Present value of note - Book value
Gain on sale of building = $185,323 - $150,000
Gain on sale of building = $35,323
Answer and Explanation:
The three possible reasons are as follows:
Variables done under survey:
1. The surgical equipment cost may be change in the case when there is various vendor
2. The type or the method might be different in the case when there is a gap of generation between these two doctors
3, The management may given the various targets via revenue as one could work less in order to compensate
Here the mean variable difference would be tested by two means for each and every case or conduct the ANOVA for 3 variables that delievers the study that should be main and descriptive