Answer:
Current Asset = $50,000
Explanation:
Current asset is the asset that can be converted to cash within a year or a short period.
Wicked Wicker Company
Current Assets
Cash $ 26,000
Accounts receivable 17,000
Prepaid insurance <u> 7,000</u>
Total current assets $50,000
Cash is the most liquid asset, so it is a current asset. Accounts receivable can also be collected within a year. So, it is also an existing asset. Insurance is taken for one year in advance; hence, it is a current asset.
Answer:
In order to find the dividend 8 years from now we will use the formula D*(1+R)^N
Right now
D= 1.84
R=1.65%
N= 8
1.84*(1.0165)^8
=2.097
The dividend 8 years from now will be $2.097.
Explanation:
Answer:
Explanation:
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