Answer:
$4366.67
Explanation:
Given: Asset book value on july 1, year 3= $57800
Salvage value= $5400
Useful life left= 6 years.
Now, computing the depreciation expense under straight line method.
Formula; Depreciation= 
Useful life in months= 
Next, Depreciation expense= 
∴ Monthly depreciation expense= $ 727.77
Depreciation expense for last six months of year 3= 
∴ Depreciation expense for last six month of year 3 is $4366.67.
Answer:
The value of the common stock today is $28.455 per share.
Explanation:
For a stock that is paying constant growth rate in dividends, we use the constant growth model of the DDM to calculate the value of stock today. The formula for price using the constant growth model is,
Price = D1 / r - g
Where,
- D1 is the dividend expected in the next period or D0 * (1+g)
- r is the cost of equity or required rate of return
- g is the growth rate in dividends
Price = 2.71 * ( 1 + 0.05 ) / (0.15 - 0.05)
Price = $28.455
They tend to perform better. Motivation and encouragemnt are always better tools in management than being negative.
Answer:
B) effectively prohibited banks from branching across state lines.
Explanation:
The McFadden Act of 1927 can be regarded as a piece of federal legislation which grant authority to
individual states to govern bank branches that is been located within the state. This also encompass branches of national banks that is been located within state lines.This acts gives room for national bank to operate branches as it is been permitted by state governments.
It should be noted The McFadden Act of 1927 effectively prohibited banks from branching across state lines.
