Answer:
The current share price if the required return on this stock is 16 percent is $50.
Explanation:
price = dividend next year /(required rate of return - growth rate)
= 6/(16% - 4%)
= 50
Therefore, The current share price if the required return on this stock is 16 percent is $50.
Answer:
=$398.16
Explanation:
Mark up represents the desired profits of a product. A percentage mark-up increases the price of a product by that specific percentage.
If the cost is $252 and the required mark-up is 58%, the selling price will 58% higher than $252.
= 58% of 252 + 252
= (58/100 x 252 ) + $252
=$146.16 +252
=$398.16
The answer to your question is Guns.
Answer: a. 8,830 products
Explanation:
Store A sells one third as many as Store C so if Store C sells 105,960 products, Store A would be selling:
= 105,960 / 3
= 35,320 products
Store A sells four times as many products are store B. If Store A sells 35,320 products, Store B would sell:
= 35,320 / 4
= 8,830 products
Answer:
A. increases the balance of an expense account
Explanation:
The following effect can be shown through an example -
If we increase the credit portion of an adjusting entry to increase the balance of a liability account, the effect of the debit portion will be an expense.
For example -
When wages expenses incurred but not paid, at that moment, a liability will increase due to that effect. The journal entry to record that transaction is -
Wages expense Debit
Wages payable Credit
Therefore, the adjusting entry increases the liability as well as the expenses.
