Answer:
$67.20
Explanation:
Given:
Dividends paid, D₀ = $3.20
Growth rate = 5%
Required return rate = 10%
Now,
The expected value of the company’s stock
= 
on substituting the respective values, we have
= 
or
= $67.20
Hence, The correct answer is option $67.20
The idea that people like to save more money at higher interest rates and do not like saving as much money at lower interest rates results in a upward sloping supply curve in the loanable funds market.
Interest is charge from a borrower or deposit-taking monetary institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. it is wonderful from a rate which the borrower may additionally pay the lender or some 1/3 birthday party.
Interest is the rate you pay to borrow cash or the price you rate to lend cash. interest is most usually reflected as an annual percentage of the amount of a loan. This percent is called the hobby fee on the mortgage.
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Answer:
Revenue Journal of Horizon Consulting Company
Date Invoice Account debited Dr Accounts receivable
<u> Cr Fees earned </u>
Oct. 2 321 Pryor Corp. 595
Oct. 3 322 Armor Inc. 310
Oct. 14 323 Pryor Corp. 205
Oct. 24 324 Rose Co. <u> 850 </u>
$1,960
Cash Journal of Horizon Consulting Company
<u>Date Invoice Account debited Dr Cash Cr Acc. receivable </u>
Oct. 29 321 Pryor Corp. 595 <u> 595 </u>
$595
Answer:
The correct answer is letter "C": Allocate the asset's cost to the periods benefiting from its use.
Explanation:
Depreciation indicates how much the worth of the asset has been used up<em>. It also tries to balance the expense of the asset to the revenue that the asset allows the company to gain meaning it helps to assign the cost of the asset compared to the profit it contributed to creating.</em> Used as a deduction of income tax, the depreciation measure gives companies an annual allowance for the use and deterioration of a capital asset.
