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3 years ago

What account would travelocity credit when you make a reservation with them? what account would be debited? answer?

1 answer:

5 0

You could make a reservation using Travelocity. Juts go to their site and pick your trip of your choice. When you have completed that, you can select to make a reservation and pay for that. After this, Travelocity would debit their cash account and credit their sales account.

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Is there a potential problem if governments continually finance goods and services by borrowing money ? A.Yes, it is unconstitut

frosja888 [35]

The answer is B,"Yes, eventually their debts must be repaid with interest.

4 0

3 years ago

Read 2 more answers

At the price of $5 per pack of batteries, Duracell sells 10,000 packs of batteries and Energizer sells 15,000 packs of batteries

Verdich [7]

Answer:

28,000

Explanation:

To get this answer you have to assume perfect competition scenario, since in this case supply = demand. In this case:

At $7,5

Energizer sells 16,000 => Supply Energizer = 16,000

Duracell sells 12,000 => Supply Duracell = 12,000

Total Supply = 16,000+12,000

6 0

2 years ago

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at

tekilochka [14]

Answer:

$34.4

$37.20

c) $59.57

Explanation:

Given:

Dividend paid = $2.15

Growth rate = 4% = 0.04

Required return = 10.5% = 0.105

Now,

a) Present value = $\frac{\textup{Dividend paid}\times\textup{(1 +growth rate)}^n}{\textup{(Required return-Growth rate)}}$

for the current price n = 1

thus,

Current price = $\frac{\textup{Dividend paid}\times\textup{(1+growth rate)}^n}{\textup{(Required return-Growth rate)}}$

= $\frac{\textup{2.15}\times\textup{(1 +0.04)}^1}{\textup{(0.105-0.04)}}$

= $34.4

b) Price in 3 years

i.e n = 3

= $\frac{\textup{Dividend paid}\times\textup{(1 +growth rate)}^n}{\textup{(Required return-Growth rate)}}$

= $\frac{\textup{2.15}\times\textup{(1 +0.04)}^3}{\textup{(0.105-0.04)}}$

$37.20

c) Price in 15 years

i.e n = 15

= $\frac{\textup{Dividend paid}\times\textup{(1 +growth rate)}^n}{\textup{(Required return-Growth rate)}}$

= $\frac{\textup{2.15}\times\textup{(1 +0.04)}^{15}}{\textup{(0.105-0.04)}}$

= $59.57

4 0

3 years ago

On December 31, 2017, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 do

galben [10]

Answer:

Loan Amortization Table is attached with this answer, please find it

Explanation:

First of all we calculate the Loan Payment per period

Loan Payment per year = r ( PV ) / 1 - ( 1 + r )^-n

Loan Payment per year = 0.11 ( (102,049 - 40,000 ) / 1 - ( 1 + 0.11 )^-4

Loan Payment per year = $6,825.39 / 0.341269 = 20,000 per year

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3 years ago

Milton Corporation gives the preferred stockholders an annual dividend of $5 per share. Each share of stock sells for $100 and s

LuckyWell [14K]

Answer:

Milton Corporation

The company's cost of preferred stock is:

= 5.2%.

Explanation:

a) Data and Calculations:

Annual dividend per share = $5

Selling price of preferred stock = $100

Flotation cost per share = $3

The Company's cost of preferred stock, using the flotation cost is = Dividend per share/(Selling price - Flotation cost per share)

= $5/($100 - $3)

= $5/$97

= 0.052

= 5.2%

If the flotation cost was not incurred in the current period, the cost of preferred stock will be = $5/$100 = 0.05 = 5%

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3 years ago