Answer: See explanation
Explanation:
The flotation cost adjustment that must be added to its cost of retained earnings will be calculated thus:
= Expected dividend / [Current price × (1 - Floatation cost)] + Expected growth rate
= 2.00/[20.00 × (1 - 4.5%)] + 4.2%
= 2.00 /[20.00 × (1 - 0.045)] + 0.042
= 2.00 / (20.00 × 0.955) + 0.042
= (2.00/19.10) + 0.042
= 0.104712 + 0.042
= 0.146712
New cost of equity = 14.67%
You didn't give the cost of equity calculated without the flotation adjustment. Let's assume that this is maybe 11%, the floatation on adjustment factor = 14.67% - 11% = 3.67%
Answer:
TL;DR SOme company wanna make stuff
Explanation:
you are welcome
Answer:
Revenue recognized in Dec= $3200
Explanation:
Lets first understand the criteria for revenue recognition. According to the accruals concept of accounting, an entity is supposed to record revenues and expenses as soon as they are earned and incurred. An entity shouldn't wait until the revenue is received and expenses are actually paid. The accruals concept of accounting is also based on the matching principle which requires entities to match and record expenses with the revenue of the period in which they occur. Considering the two concepts mentioned above, we may classify these transactions for revenue recognition as follows;
a. Receipt of $1200 cash:
In this case Lobos Inc. has received the cash in advance and the services against this payment will be rendered next month, therefore, this transaction doesn't imply an earned revenue rather it's a liability for Lobos Inc until the services are actually rendered. No revenue is recognized in December.
b. Perform $900 of services:
Lobos Inc. will provide services to this customer and will receive payment in next month, however the services have been provided which implies Lobos Inc has earned the revenue, though not received it yet but still following the accruals concept, Revenue is recognized in December.
c. Perform $2300 of services:
Similarly, Lobos Inc. will render services and will receive the payment against these services in the month of Dec, therefore, Lobos Inc can recognize revenue in December.
Answer:
The marginal revenue of the 21st driveway is: -$500. The right answer is C.
Explanation:
In order to calculate the the marginal revenue of the 21st driveway, we have to calculate first the total revenue from 20 driveways.
Total revenue from 20 driveways = 20×$10,000= $200,000
Next, we calculate the Revenue from 21 driveways = 21×$9,500 = $199,500
Therefore, The Marginal revenue from 21th driveways = =$199,500-$200,000 =-$500
The Age Discrimination in Employment Act requires that age must be the determining reason for any employment action against older workers.
<h3>What is the age discrimination?</h3>
This refers to the treatment of an applicant or employee less favourably because of his or her age.
The Employment Act requires that age must be the determining reason for any employment action against older workers.
Therefore, the Option B is correct.
Read more about Age discrimination
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