Answer:
$72,600
Explanation:
Ending balance of the account receivable can be calculated by adding credit sales in beginning balance and deducting any account receivable written-off.
As we have the ending balance of account receivable, we need to calculate credit sales by following formula:
Account receivable Ending Balance = Account receivable Beginning Balance + Credit Sales - Bad Debt - Ending Balance
$320,000 = $260,000 + Credit Sales - $12,600
$320,000 = $247,400 + Credit Sales
Credit Sales = $320,000 - $247,400 = $72,600
Answer:
option (c) $19.47
Explanation:
Data provided in the question:
Annual divided just paid, D0 = $2.20
Growth rate = 2.2% = 0.022
Required rate of return = 14% = 0.14
Now,
Current price of the share = [ D0 × ( 1 + g )² ] ÷ [ r - g ]
= [ $2.20 × ( 1 + 0.022 )² ] ÷ [ 0.14 - 0.022 ]
= $2.2978648 ÷ 0.118
= $19.47
Hence,
The answer is option (c) $19.47
Answer:
The right to private property: In the private enterprise system individuals have the right to buy, own, use, and sell the property as they see fit. This right of ownership includes land, buildings, equipment, and intangible property such as inventions.
Explanation:
Category is the default view in all modern versions of Windows. Selecting "Large icons" or "Small icons" is the equivalent of the classic list item view from Windows XP. ... The classic Windows XP list item view is now used by the Control Panel, regardless of whether you use Windows 7, Windows 8.1 or Windows 10
Trade finance is an activity lending issuing letter or credit factoring export credit and insurance