Answer:
Option C.
1. No
2. No
Explanation:
The rights are unissued common stock yet hence no double entry would be passed. The double entry will only be passed when the rights are exercised.
The double entry when the rights are exercised would be:
Dr Bank A/c XX
Cr Common stock XX
Cr Additional paid-in capital XX
Answer:
$102 million and 6.25%
Explanation:
The computation is shown below:
a. For net income
As we know that
Net income = (Earning before interest and taxes - interest) × (1 - tax rate)
where,
EBIT is calculated after finding out the sales, operating cost which is given below:
Sales = $700 million × 1.20 = $840 million
And, the operating costs = 75% × $840 million = $630 million
So, the EBIT is
= $840 million - $630 million
= $210 million
Now the net income is
= ($210 million - $40 million) × (1 - 40%)
= $102 million
2. Now expected growth rate in net income is
= (Latest year Net income ÷ previous year net income) - 1
= ($102 million ÷ $96 million) -1
= 6.25%
Since dividend payout ratio is same so the growth rate in dividend should be equal to the growth rate in net income i.e 6.25%
C Is The Answer I Just Took This My E2020.
Answer:
the ultimate goal of marketing communication is tho increase sales of your company's products and services
Answer:
B) Is not a contract because there is no consideration for B's promise.
Explanation:
In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.
Common law rules on contract modifications require some new consideration in order to modify an existing contract. In this case, only B added some new consideration (more money) to the written contract, A didn't add anything new.
