Answer:
Interest revenue = $7800*8%/360*60
Interest revenue = $104
Date Journal Entry Debit Credit
Cash $7,904
Notes Receivable $7,800
Interest Revenue $104
Answer:
The correct answer is letter "B": A decrease in a deferred tax asset.
Explanation:
A Deferred Tax Asset is an asset on a balance sheet of a business that can be used to lower taxable income. It is the opposite of deferred tax liability that reflects something that will increase income taxes. Both are listed under current assets on the Balance Sheet.
The deferred tax asset will be generated when recorded income taxes owed are higher than the income taxes paid to the Government.
Thus, <em>a decrease in deferred tax is recorded when a company has collected revenue in advance for a good not delivered or a service not rendered yet.</em>
Answer:
Correct option is E.
Explanation:
There is not enough information to calculate the amount.
Net operating asset= Operating Assets - Operating Liabilities
=$5489 Million - $2066 Million
=$3423 Million
Hence Average net operating assets can't be calculated by given information.
Answer:
The Current share price is $94.79
Explanation:
Dividend Growth Model determines the share price of a company which offers perpetual dividend with stable growth. It is the expected dividend of a share divided by the net return rate of growth rate
.
According to given data
Last dividend = D0 = $3.40
Rate of return = 15%
Growth rates:
For 3 years = 29% per year
After 3 years = 7.3% in perpetuity
Dividend after 3 years = D3 = 3.40 x ( 1 + 0.29 )^3 = $7.30
We can calculate the price of share using following formula:
Price of share = D3 / Rate of return - Growth rate
Price of share = $7.30 / 15% - 7.3% = $7.30 / 7.70% = $94.79
Answer:
The answer is "$8.33billion".
Explanation:
Since 25 billboards are separated into three sections, one portion of which is corporate and one part is fortune 1000 and equal to 8.33 billion dollars incorporate.
1/3 of the $25billion = $8.33 billion.
