Answer:
$4.4 million
Explanation:
The ending retained earnings of Lambert incorporation increases by $1.8 million
The net income earned during the year is $5.4 million
Therefore the amount of dividend declared and paid by Lambert incorporation can be calculated as follows
= $5.4 million - $1.8 million
= $4.4 million
Answer:
Record and consolidate all financial transactions.
Explanation:
A ledger is a book that contains a record of all the transactions made- be it credit or withdrawals/ expenses. It is a book that maintains a record of any form of transaction that was ever done by a person or company.
It can also be a computer folder where the same record is made. The main point of maintaining a ledger is to keep track of, record, and also "make" solid evidence or proof of the transactions ever done. Thus, the <u>function of a ledger is to record and consolidate all financial transactions ever done</u>.
Answer:
Net Present Value = $1,762.95
Explanation:
Equal payments made at the end of each year implies that the cash inflows from year 1 to 7 form an annuity where:
![PVof An Ordinary Annuity= \frac{PMT[1-(1+i)^{-n} ] }{i}](https://tex.z-dn.net/?f=PVof%20An%20Ordinary%20Annuity%3D%20%5Cfrac%7BPMT%5B1-%281%2Bi%29%5E%7B-n%7D%20%5D%20%7D%7Bi%7D)
where PMT is the the equal payment cash inflow received at the end of each period and
![\frac{[1-(1+i)^{-n} ] }{i}](https://tex.z-dn.net/?f=%5Cfrac%7B%5B1-%281%2Bi%29%5E%7B-n%7D%20%5D%20%7D%7Bi%7D)
= The present value of an annuity factor for n years at i%
The present value of an annuity factor for 7 years at 10% equals
![\frac{[1-(1+0.1)^{-7} ] }{0.1}=4.8684](https://tex.z-dn.net/?f=%5Cfrac%7B%5B1-%281%2B0.1%29%5E%7B-7%7D%20%5D%20%7D%7B0.1%7D%3D4.8684)
therefore: Net Present value of this investment given a 10% return o investments equals
Answer:
"Zero point zero zero zero three five four"
Explanation:
When you say the numbers after the decimal, you read each digit separately.
This is opposed to the number before the decimal, where you read the numbers together. (For example, 45.56 is forty-five point five six).
