Answer:
$41.39
Explanation:
Data provided in the question:
Annul Dividend paid, D0 = $2.84 per share
Growth rate, g = 1.85% = 0.0185
Rate of return required, r = 10.4% = 0.104
Now,
Current price of the stock at year 11 = D12 ÷ [ r - g]
= [ $2.84 × (1 + g)¹²] ÷ [ r - g]
= [ $2.84 × (1 + 0.0185)¹²] ÷ [ 0.104 - 0.0185]
= 3.539 ÷ 0.0855
= $41.39
Answer:
Credit inventory 1000 and debit COGS 1000
Explanation:
19*500=9500 <price it is recorded at currently
The rule requires lower cost - market vs. price. Since market cost is lower, you have to find out how much the ending inventory balance should be
17*500=8500
9500-8500=1000
The inventory booked should be lowered, thus requiring credit entry of 1000. Since it is a merchandise loss, it is counted towards cost of goods sold expense, thus debit
Money is called a store of value because it allows us to:
- Save
- Allocate capital
- Have confidence in money
When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.
When money is a store of value, we have confidence in its ability to be used to carry our wealth into the future.
In conclusion, money being a store of value means that we have confidence in it.
<em>Find out more about the </em><em>functions </em><em>of </em><em>money </em><em>at brainly.com/question/3182649. </em>
Answer:
C. Company A is not bound by the contract because of illegality