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3 years ago

Wilma’s Vegetable Market had the following transactions during 2017:

Business

1 answer:

babymother [125]3 years ago

4 0

Answer:

Journal Entries are as follows.

Explanation:

1. Cash $25,000 (Debit)

Common Stock $ 25,000 (credit)

2. Wages $10,000 (debit)

Cash $10,000 (credit)

3. Land $ 50,000 (debit)

Common Stock $50,000 (credit)

4. Dividend Declared $ 1000 (debit)

Dividend Payable $ 1000 ( credit)

And

Dividend Payable $ 1000 ( debit)

Cash $ 1000 (credit)

5. Cash $ 3000 (debit)

Long Term Investment $ 3000 (credit)

6. Cash $ 20,000 (debit)

Sales $ 20,000 ( credit)

7. Inventory $2000 (debit)

Cash $ 2000 (credit)

8. Investment $ 6000 ( debit)

Cash $ 6000 (credit)

9. Bonds Payable $ 10,000 (debit)

Discount $ 1000 (credit) ( if there's any)

Common Stock $ 9,000 ( credit ) ( in case of discount)

10. Notes Payable $ 10,000 (debit)

Interest on Notes Payable $ 1,000 (debit) ( suppose there's interest of $ 1000 on $ 10,000 Notes Payable)

Cash $ 11,000 (credit)

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Miller Brothers Hardware paid an annual dividend of $0.95 per share last month. Today, the company announced that future dividen

Vlad1618 [11]

Answer:

The amount to be paid to purchase a share of the stock today is $9.37

Explanation:

In this question , we are asked to calculate the amount which is to be paid to purchase a share of a particular stock by a company.

We employ a mathematical approach to this:

Mathematically, the amount to pay to purchase a share of the stock today is = D * [(1+g)/(r-g)]

Where D is annual dividend = $0.95

g = percentage of future dividend increase = 2.6% = 0.026

r = rate of return = 13% = 0.13

We input these values in the formula above:

Amount = 0.95 * [(1+0.026)/(0.13-0.026)] = 0.95 * 9.8654 = $9.37

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3 years ago

Read 2 more answers

How do values play a role in planning a career?

DiKsa [7]

Answer: D. Your values may help you decide what kind of work you want to do.

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3 years ago

When making a large purchase, you should avoid everything except _______________________.

Maslowich

Except a price that fits comfortably in your budget

6 0

2 years ago

Explain the following statement in your own words: "Increasing productivity and also quality will result in increased capacity,

WARRIOR [948]

Answer:

Increased productivity and quality leads to consumer trust relationship that results in increase in demand and increase in the production capacity to meet the demands.

Explanation:

First when a company increases its productivity with commensurate increase in the quality of the goods produced or manufactured. The direct effect is that the consumer base of the goods increase. In other words, consumers exhibit a level of confidence in the quality of the goods, they are attracted to patronize the company and since there is increased productivity, the company is able to meet the needs of its increasing consumers.

Furthermore, once the consumers are attracted and the company is able to meet demands, more consumers are also eager to join in purchasing the product, hence, the company is then required to increase its production capacity to meet the demands of its ever increasing customers.

The ability of a company to produce consistently quality goods and also meet the demands of its customers lead to a trust relationship between the customers and the manufacturer and such a relationship provides a solid platform for a continuous increase in consumer base that will warrant an increase in production capacity to accommodate more demands.

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4 years ago

Rogoff Co.'s 15-year bonds have an annual coupon rate of 9.5%. Each bond has face value of $1,000 and makes semiannual interest

meriva

Answer:

maximum sum of $891.00

Explanation:

given data

Face Value = $1,000

Annual Coupon Rate = 9.50%

Time to Maturity = 15 years

yield to maturity = 11%

to find out

maximum price you should be willing to pay for the bond

solution

we know that Semiannual Coupon Rate will be = 4.75%

so semiannual Coupon will be = Semiannual Coupon Rate × Face Value

semiannual Coupon = 4.75% × $1,000

Semiannual Coupon = $47.50

and Semiannual Period will be for 15 year = 30

and Semiannual yield to maturity will be here YTM = 5.50%

Current Price will be here

Current Price = Semiannual Coupon × $\frac{1-(\frac{1}{1+r})^t}{r}$ + $\frac{faevalue}{(1+r)^t}$ ...................1

put here value

Current Price = $47.50 × $\frac{1-(\frac{1}{1.055})^{30}}{0.055}$ + $\frac{}{1.055^{30}}$

Current Price = $891.00

so pay a maximum sum of $891.00

6 0

3 years ago