Answer:
The current share price is $60.97
Explanation:
The values given are
Symon's super corporation is expected to pay a dividend of $4.39
The company expects to increase its dividend by 4.2percent every year
The required return on the company's stock is 11.4 percent
Therefore, the current share price is
= 4.39/( 11.4/100 + 4.2/100 )
= 4.39/( 0.114 - 0.042)
= 4.39/(0.072)
= 60.97
Thus, the current share price is $60.97
Answer:
price,product, promotion,place
Answer: $23.57
Explanation:
We are going to use growth dividend discount model to solve the question where Do = Div/r - g
where Po = stock price
Div = Estimated dividend for following period
r = required rae of return
g = growth rate
Po = 3.10/0.15 - 0.0185
= $23.57
Answer:
E. Debit to Utilities Expense for $300.
Explanation:
The journal entry to record the given transaction is shown below
Utilities expense Dr $300
To cash $300
(Being cash paid is recorded)
For recording this we debited the utilities expense and credited the cash as it increased the expenses and decreased the assets in order to posting it correctly
Therefore it would be debited to utilities expense
