Benefit of electronic banking

Today's share price for CCN is $16.67

Today's share price for CCN can be determined using the Gordon constant dividend growth model

The Gordon growth model is used to determine the value of the share of a firm using the value of its dividend with the assumption that the firm grows at a constant rate.

The formula of the Gordon constant dividend growth model :

price = d1 / (r - g)

d1 = next dividend to be paid = $0.50

r = cost of equity = 12%

g = growth rate = 9%

0.50 / (12% - 9%)

0.50 / 3%

0.50 / 0.03

= $16.67

A similar question was answered here: brainly.com/question/15023105?referrer=searchResults

6 0

2 years ago

Please prepare the multi-step income statement, the statement of stockholders' equity and the classified balance sheet.

goldenfox [79]

Answer:

Operating Income = $53,000

Net Income = $39,000

Ending balance of common stock = $300,000

Ending balance of retained earnings = $95,000

Ending total stockholders' equity = $395,000

Total current assets = $198,000

Net long-term assets = $265,000

Total long-term assets = $285,000

Total assets = $463,000

Total liabilities = 68,000

Explanation:

a. Multi-step Income Statement

Multi-step Income Statement put each revenues and expenditures items into different categories to show gross profit and net income. This can be prepared as follows:

Multi-step Income Statement

For the year ended

Details $

Sales Revenue 545,000

Sales Discount (45,000)

Net Sales Revenue 500,000

Cost of Goods Sold (400,000)

Gross profit 100,000

Operating expenses:

Rent Expense (12,000)

Depreciation Expense (10,000)

Salaries Expenses (25,000)

Operating Income 53,000

Non-operating expenses:

Interest Expense (6,000)

Income before tax 47,000

Income Tax Expense (8,000)

Net income 39,000

Dividend paid (4,000)

Retained earning for the year 35,000

b. Changes in Retained Earnings

Details $ 

Beginning retained earnings 60,000

Retained earning for the year 35,000

Ending retained earnings 95,000

c. Movement in Common Stock

Details $ 

Beginning balance of common stock 250,000

Additional shares issued 50,000

Ending balance of common stock  300,000 

c. Statement of stockholders' equity

Details $ 

Beginning balance of common stock 250,000

Additional shares issued 50,000

Ending balance of common stock 300,000

Ending retained earnings 95,000

Ending total stockholders' equity 395,000

d. Classified Balance Sheet

Classified balance sheet shows each of the componets of assets, liabilities and equity. This can be prepared as follows:

Classified Balance Sheet

As at the year ended

Details $ $ 

Long-Term Assets

Buildings 65,000

Equipment 220,000

Total Long-Term Assets 285,000

Accumulated Depreciation 20,000

Net Long-Term Assets 265,000

Current Assets

Cash 12,000

Accounts Receivable 150,000

Supplies 36,000

Total Current Assets 198,000

Total Assets 463,000

Financed by:

Ending total stockholders' equity 395,000

Current Liability

Accounts Payable 28,000

Long-Term Liability

Notes Payable (Due in 2years) 40,000

Total Liabilities 68,000

Total Equity $ Liabilities  463,000 

Conclusion

As both the Total Assets and Total Equity and Liabilities are each equal to $463,000, it implies the financial statement is accurately prepared since both must always be equal.

7 0

3 years ago

The Hit-and-Miss Manufacturing Company produces items that have a probability p of being defective. These items are produced in

erastovalidia [21]

The A hope I’m right

8 0

3 years ago

The following condition which demands maximum efficiency and can be achieved only if everything operates perfectly is called:

erica [24]

The call for max performance which may be completed simplest if the entirety operates flawlessly is called: Ideal standards

Ideal standards are those benchmarks that are set assuming perfect working situations and without accounting for any opportunity of wastages or inefficiencies. sensible standards are those benchmarks that are set assuming normal operating situations after factoring in anticipated wastages/reasonable working efficiency.

Perfect general lavatory products are recognized for being accurate and first-rate. Ideal standards have been manufacturing bathrooms in the UK for over one hundred years and provide a manufacturer's warranty on all their products, which is between one and 25 years, depending on what you purchase from their variety.

Ideal popular is the world-renowned chief in lavatory design. They had been an incredible call in lavatories for over one hundred years. With perfect fashionable bathrooms, you are getting great fashion.

Learn more about Ideal standards here: brainly.com/question/19169731

#SPJ4

3 0

2 years ago

1. What do we mean by the term “global business”?

Firlakuza [10]

1. What do we mean by the term “global business”?

Global business refers to the business all through the world/different nations. It incorporates every one of the things/activities expected to offer, make, and ship out fares to different nations.

A global business is an organization that works offices, (for example, manufacturing plants and dispersion focuses) in numerous nations around the globe. This is unique in relation to a global business, which offers items worldwide however has offices just in its nation of origin.

2. Name two low-risk methods for getting involved in global business.

Licensing

Licensing alludes to the offering of the privilege to utilize some immaterial property (generation techniques or process, trademark, or brand name) for an expense or sovereignty. Licensing implies that patent or copyright proprietors permit different associations (people, governments, or organizations) to utilize their thought or advancement. It is a way that an organization can create things in different nations without being effectively included. The Gerber Company began offering its infant nourishment items in Japan utilizing Licensing.

2. Franchising

This is a strategy ordinarily utilized by an organization to venture into different nations. A franchise concedes or permits an organization the privilege to utilize an organization name or business process particularly. Associations contract with individuals in different nations to set up a business that looks and works like the parent organization. Contingent upon the nation where the establishment sets up shop, promoting components (taste, bundling, and notice) must be adjusted to be meet social sensitivities and lawful prerequisites.

3. Why is management contracting a safe way to get involved in global business?

Management contracting is an acquirement course in which the works are built by various diverse works contractual workers who are contracted to an administration temporary worker.

Management contracting a protected method to get engaged with worldwide business in light of the fact that not a lot of assets are being consumed and additionally it isn't include owing resources/having command over parts of the business.

4. What would be the result of war on the importing and exporting activities of the nations involved?

I would imagine that enemy countries are not allowed to exchange, or travel through or around their property to exchange.

The consequence of war on the bringing in and sending out exercises of the countries include would be disturbed exchange relations and also affect exchanging with different nations that are not engaged with war/conflict.

5. What are the benefits of doing business in other countries?

One of the top advantages of international trade is that you might have the capacity to expand your number of potential customers. Every nation you add to your rundown can open up another pathway to business development and expanded incomes.

Doing business in other countries can support your organization's notoriety. Triumphs in a single nation can impact accomplishment in other contiguous nations, which can bring your organization's profile up in your market specialty. It can likewise help increment your organization's credibility, both abroad and at home. This is one of the upsides of universal exchange that might be hard to measure and, in this manner, not entirely obvious.

8 0

3 years ago