Answer:
authorized 100,000
issued 70,000
outstanding 70,000 - 4,000 treasury stock = 66,000
Explanation:
The amount authorized doesn't change unless the company start the legal procedure to do it.
The shares, once issued, can't be destroyed.
Te outstanding shares are the mount in the market, that will be the issued shaes less the treasury stock, which are shares in the company's possesion.
When a person receives an increase in wealth, Consumption increases and saving decreases
Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.
Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.
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He did maximize the utility <span>according to the utility maximization rule</span>.
Answer:
The correct answer is letter "D": does not require estimates of bad debt losses.
Explanation:
There are mainly two approaches while recognizing bad debts (unpaid debts): <em>the allowance method </em>and <em>the direct write-off method</em>. Using the allowance method the unpaid account receivable goes through a series of stages until it is recognized as a bad debt. There are no set criteria to do so. When the firm eventually recognizes and calculates the amount of a bad expense, it is recorded in an allowance account. The negative balance diminishes the company's revenue.
The direct write-off method does not generate any allowance account. The account receivable is simply written-off after the company determines the debt as uncollectible. Thus, there is no need to estimate bad debt losses using this approach.
Solution:
= $3.10,
= 20%,
+= 5%, R = 11%
= $3.10 • (1 + .20) = $3.10 • 1.20 = $3.720
= $3.10 •
= $3.10 • 1.44 = $4.464
= $3.10 •
= $3.10 • 1.728 = $5.357
= $5.357 • (1 + 05) = $5.624
=
/ (R – g)= $5.624 / 0.06= $93.744
=
=(1 + R) 
= $3.720 + $4.464 + $5.357 + $93.744
= (1 + .11) (1 + .11)2(1 + .11)3= $3.720 + $4.464 + $99.101
=(1.11) (1.11)2(1.11)3= $3.720 + $4.464 + $99.101
=1.11 1.232 1.368= $3.351 + $3.623 + $72.462 = $79.44