Answer:
<em>=> Danielle pay $573.3 in property tax</em>
Explanation:
To calculate the property tax of the house, we take the property tax rate multiply by the assessed value of the property.
=> <em>Property tax = Assessed Value x Property Tax Rate</em>
The assessed value estimate the market value for the property, however even when there is large gap between these two, the assessed value is still used to calculate property tax because it is its purpose.
So that Danielle pay in property tax:
<em>Property tax = 16,380 x 3.5 = 57,330 cent = $573.3 </em>
<em>=> Danielle pay $573.3 in property tax</em>
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The 31 stands for 31 different flavors. The pitch was for a customer could come in every day and get a different flavor for every day of the month.
Hope this helps!
Answer:
Sid should buy the company
Explanation:
given data
dividend = $1.70 per share
constant rate = 5%
required return = 11%
growth rate increase = 6.5%
increasing the required return = 12%
solution
we get here intrinsic value of the company in both by use Gordon Growth Model that is here present value
PV = ( Do × (1 + g) ) ÷ (r - g) .......................1
here Do is current dividend and g is growth rate and r is required rate of return
so here put value in current case
PV = ( 1.7 × (1 + 0.05) ) ÷ (0.11 - 0.05)
solve it we get
PV = $29.75 .............................2
and
now put value for buying company case
so
PV = ( 1.7 × ( 1 + 0.065)) ÷ ( 0.12 - 0.065)
solve it we get
PV = $32.92 ..............................3
so Sid should go ahead buying the company
Answer:
The journal entry at the time when great adventures obtains the $30,000 loan is:
Account Title Debit Credit
Cash 30,000
Notes Payable 30,000
The interest accrued at the end of each month would be:
30,000 * 6% = 1,800/12 = $ 150
Interest entry would be made at the end of each month to record the interest expense.