B. collateral is the right answer
The estimate of the price of Royal Ranch House stock at the end of the fifth year will be $23.45.
- Current price of the common stock = $18.11
- Growth rate = 5.30%
- Time = 5 years.
Therefore, the estimate the price of Royal Ranch House stock by the fifth year will be:
= Current price × (1 + 5.30%)⁵
= $18.11 × (1 + 0.053)⁵
= $23.45
Therefore, the correct option is $23.45.
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Answer:
The answer is i. the benefit from a one extra unit increase in the activity
Explanation:
Marginal approach gives a view from single unit perspective than from an entire production view point. This is mainly useful to consider whether the marginal benefit from producing more extra units exceed the marginal cost of those units.
The preparation of the multi step income statement is shown below
Pacific Scientific Corporation
Multi - step income statement
On December, 2021
Sales revenues $2,106
Less: Cost of goods sold -$1,240
Gross profit $866
Operating expenses
Less: Selling expenses -$126
Less: General and administrative expense -$105
Total operating expenses -$231
Operations income $635
Non operating and other items
Interest expenses -$40
Gain on sale of investment $45
Total non operating $5
Earning before taxes $640
Less- Income tax expense at 30% -$160
Net income $480
