Answer:
D0 = $1.22
Explanation:
Data provided in the question:
Required rate of return, r = 11.50% = 0.115
Selling price of the stock = $29.00
Expected growth rate = 7.00% = 0.07
Now,
Stock price = 
here,
D1 is the current dividend
thus,
$29.00 = 
or
D1 = $1.305
also,
D0 = 
or
D0 = 
or
D0 = 1.219 ≈ $1.22
Answer:
Casey can buy 50 pound of fish and 30 pounds of shrimp.
Explanation:
you divide 150 by 3 and you get 50. For shrimp you divide 150 by 5 and you get 30.
Answer:
2,400 Yens
Explanation:
exchange rate for buying Japanese Yen is 12 Yens per Dollar
1 dollar : 12 Yens
how many Yens do you need to buy 200 Dollars for?
Let
x = number of Yens needed
200 dollars : x Yens
Equate the ratios to find x
1 dollar : 12 Yens = 200 dollars : x Yens
1/12 = 200/x
Cross product
1 * x = 12 * 200
x = 2,400
x = number of Yens needed = 2,400 Yens
C. Nonprofits co corporation
Answer:
The answer is given below;
Explanation:
The $ 5 collected will be treated as miscellaneous revenue.The cash over and short account will be credited for $5.
As the cash receipts are $ 105 and sales revenue is $100.The difference amount will be treated as miscellaneous revenue.
The journal entry will be;
Cash Dr.$105
Sales Revenue Cr.$100
Miscellaneous revenue Cr.$5
