Answer:
Debit retained earnings for $15.30 million.
Explanation:
As per the data given in the question,
Declaration of common stock dividend indicates no cash payments, only extra shares issued with rate of stock dividend
In this Rick Co. had 30 million shares and Rick Co. declared 1% stock dividend
which means 30 million × 1% = 0.30 million shares issued
Retained earning = (0.30 million × $51)
= $15.30 million
To common stock A/c = (0.30 × $1) = $0.30 million
To capital paid in access A/c = (0.30 million × ($51-$1)) = $15.00 million
( Being stock dividend was issued at 1% )
Hence, Option (d) Debit retained earning for $15.30 million is correct.
Answer:
10.20%
Explanation:
According to the Gordon constant growth model :
value = D1 / r - g
D1 = next dividend = $4.25
r = required return
g = growth rate = 3%
value = $59
$59 = $4.25 / r - 0.03
4.25 / 59 = r - 0.03
0.072034 = r - 0.03
r = 0.102034
r = 10.20%
Answer:
An Example of a product demonstration is Scrub Daddy.
Explanation:
Scrub Daddy is the most successful product from the hit television show Shark Tank with more than $100 million in retail sales. It became popular due to the founder's simple and effective presentation that was all about clearly demonstrating it's benefits instead of being a 'sales person'
The scrub daddy makes it easier to wash dishes and sensitive crockery. If it is placed in cold water, it becomes hard, making it useful to scrub greasy surfaces. However, under hot water, it becomes soft which is excellent for expensive China etc.
He demonstrated this in front of the TV cameras clearly with props and tools and quickly won a large dedicated audience.
Answer:
468 gallons of organic milk
Explanation:
<u>Economic Order quantity formula</u>
Where:
D = annual demand = 100 gallons per week x 52 weeks per year = 5,200
S= setup cost = ordering cost = $ 25
H= Holding Cost = 25% of the unit cost = 4.75 x 25% = 1.19
EOQ = 467.9181215
<h3>Answer;</h3>
- Other banks
- U.S. government
- Foreign countries
<h3><u>Explanation;</u></h3>
- <em><u>The Federal bank is the central bank in the United States. It acts as a bank for other banks and provides financial services to depository institutions such as banks, credit unions, and savings and loans.</u></em>
- This central bank of the united states was created by the congress to provide the country with safer, more flexible and more stable monetary and financial system.
- The reserve offers banking services to other banks, U.S. governments, credit unions and also foreign countries.