Answer:
current value = $66.29
Explanation:
given data
expected to pay dividend = $2.95
constant rate = 4% per year
required rate of return = 8.45%
solution
Stock's current value per share will be express as
current value = dividend ÷ (Required rate of return - Growth rate of dividend) .....................1
put here value and we get
current value = $2.95 ÷ ( 8.45% - 4% )
current value = $66.29
Answer:
Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.
Explanation:
hope helps
Answer:
Mar 17.
6150 Bad Debt Expense $1.000 - Debit
1010 CASH Operating Account $275 - Debit
1290 A/REC Allowance for Uncollectible Accounts $1.000 - Credit
1220 A/REC Trade Notes Receivable $275 - Credit
Jul 29.
1290 A/REC Allowance for Uncollectible Accounts $1.000 - Debit
1010 CASH Operating Account $1.000 - Debit
6150 Bad Debt Expense $1.000 - Credit
1220 A/REC Trade Notes Receivable $1.000 - Credit
Explanation:
Answer:
Explanation:
Formula to be used is Contribution margin = Sales * Contribution margin ratio
Contribution Margin = $82,000 * 67% = $82,000*0.67 = 54,940
Net operating income = Contribution margin - Fixed expenses
Net operating income = $54,940 - $25,000 = $29,940
So the answer is option C
