Answer:
g = 16%
dividends yield:
Year 1 4.60%
Year 3: 4.78%
<u>expected rate of return: </u>
year 1 20.6%
year 3 20.78%
<u></u>
Explanation:
<u>grow rate:</u>
D1 /D0 = g
1.16/1.00 - 1 = 0.16
1.3456/1.16 - 1 = 0.16
the grow rate is 16%
<u>dividend yield:</u>
dividends/stock price = dividend yield
1/21.7 = 0,0460 = 4.60%
1.3456/28.15 = 0,04780 = 4.78%
<u>expected rate of return: </u>
dividend yield + grow rate
4.60% + 16% = 20.6%
4.78% + 16% = 20.78%
Answer:
See explanation Section
Explanation:
Culver Corporation
Balance Sheet (Current Asset only)
As at December 31, 2017
Particulars $ $
Cash $8,220
Accounts Receivable $97,530
Less: Allowance for
<u>Doubtful Accounts (4,520) </u> $93,010
Prepaid Insurance $6,040
Inventory $34,900
<u>Equity Investments $13,510</u>
Current Assets $155,680
Note: As equity investment will be sold in the next year, it is shown as current assets. Land and patents are property, plant, and equipment.
Answer:
Accounts receivable $361,000 debit
Allowance for uncollectible accounts $560 debit
Net Sales $806,000 credit
0.4% of credit sales are uncollectible = 0.4% x $806,000 = $3,224
adjusting entry:
December 31, 202x
Dr Bad debt expense 3,224
Cr Allowance for doubtful accounts 3,224
Allowance for doubtful accounts is a contra asset account that reduces accounts receivable.
Answer:
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The answer to the question above is "5 days" which is the time frame for reporting an accident to the Michigan Department of Natural Resources if property damage exceeds $2,000. This rule is according to the Boat Accident Reporting Requirements in Michigan. A "5 days" time frame for reporting also is done<span> for an accident that includes a missing person.</span>