Explanation:
The journal entry are as follows
On April 20
Sales returns A/c Dr $3,000
To Account receivable A/c $3,000
(Being the sales returned of goods is recorded)
While recording this given transaction, we debited the sales return account and credited the account receivable account so that the proper posting could be done
Answer:
If your required return on KacieCo stock is 15 %, the most you would be willing to pay for the stock today if you plan to sell the stock in two years is $26.43
Explanation:
Accoring to the given data we have the following:
D1= $3
D2=$3.50
P2=$28
Ks=15%
Therefore, in order to calculate the most P0 you would be willing to pay for the stock today if you plan to sell the stock in two years, you would have to use the following formula:
P0 = PV of D1 + Pv of D2 + PV of P2
P0 = D1/(1+ks)^1 + D2/(1+Ks)^2 + P2/(1+Ks)^2
P0 = 3/(1+15%) + 3.5/(1+15%)^2 + 28/(1+15%)^2 = $26.43
False, because there’s lots that r like that
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