Explanation:
The journal entry is as follows
Cash Dr $10,644
To Sales revenue $10,619
To Cash short and over $25
(Being the cash sales and the cash receipts is recorded)
We simply debited the cash account and credited the sales revenue and remaining balance is transferred to cash short and over account so that the proper posting could be done
Answer:
14.90%
Explanation:
We know,
Current stock price,
= ![\frac{D_{1}}{r_{s} - g}](https://tex.z-dn.net/?f=%5Cfrac%7BD_%7B1%7D%7D%7Br_%7Bs%7D%20-%20g%7D)
Given,
Current stock price,
= $12.00
growth rate, g = 9.50% = 0.095
Expected annual dividend,
= $0.65
We have to determine the expected rate of return (
).
Putting the values into the above formula, we can get,
Current stock price,
= ![\frac{D_{1}}{r_{s} - g}](https://tex.z-dn.net/?f=%5Cfrac%7BD_%7B1%7D%7D%7Br_%7Bs%7D%20-%20g%7D)
or, $12.00 = $0.65 ÷ (
- 0.095)
or, $12.00 × (
- 0.095) = $0.65
or,
- 0.095 = $0.65 ÷ $12.00
or,
- 0.095 = 0.0542
or,
= 0.054 + 0.095
Therefore,
= 0.149
The expected rate of return = 0.149 or 14.90%
Answer:
The contract is breached.
Explanation:
A contract is a binding agreement between two parties, where the parties involved are bound to observe the terms mutually decide, no matter what changes occur.
When Flora made a contract with the grocery to sell her products at a certain price, she was bound to do so, irrespective of changes in price level. Since, she does not observes the terms of the contract, the contract is breached.
Answer:
Real GDP
Explanation:
A measure of GDP in which quantities produced are valued at the prices of a fixed base year is called "Real GDP"!
Real GDP measures the values of the output adjusted for price changes. It reflects the value of all goods and services which are produced in a particular year.
It is also known as "constant-price" GDP. Mathematically, Real GDP = nominal GDP/ deflator.
The following statement does not hold true about 24 hour coverage- <u>It reduces litigation concerning cause of injury or disease.</u>
Explanation:
The 24-hour coverage consist of both Health coverage and worker's compensation coverage .
The important feature of the 24 Hour coverage policy are:-
- It covers all the health care needs of an employee -<u>Both occupational and non-occupational health care needs are covered under this policy.</u>
- All the health care needs are covered by a single health care provider
- As the coverage is termed as 24 hour coverage -<u>it exist round the clock</u>
So the answer is (D) It reduces litigation concerning cause of injury or disease.(Not covered under 24 hour coverage)