If the typical balance on Lucy's credit card is $750 and the interest rate (APR) on her credit card is 16%, how much in interest would you expect Lucy to be charged in a typical month
(16%/12)750=10.00
Answer:
A, absolutely liable for any collapse.
Explanation:
In the cause of excavation of mineral resources on the land Umberto has mineral and excavation rights for, the surface of the land collapses. This makes Umberto liable for the collapse of the surface of the land and Abigail can have a case against him for destruction of property.
Cheers.
Answer and Explanation:
The journal entry for the recording of sales and sales tax payable is shown below:
Accounts Receivable $3,472
To Sales $3,200
To Sales tax payable $192 ($3,200 × 6%)
To Local tax payable $80 ($3,200 × 2.5%)
(Being the sales and sales tax payable is recorded)
For recording this we debited the account receivable as it increased the asset and credited the sales, sales tax and local tax as it increased the revenue and liabilities
Answer:
Price of stock = $55.08
Explanation:
The price of a stock is the present value of the future dividends discounted at the required rate of return.
P = D/(r-g)
<em>P-price of stock today, D- Dividend in year's time, r- required rate of return,</em>
<em>g- growth rate in dividend</em>
Using the following parameters:
P =?, r- 11%, g- 5.1%
P = 3.25/(0.11-0.051)
P = 55.08474576
Price of stock = $55.08
