Answer:
Value of one share will be $19.33
Explanation:
We have given dividend every year = $2.90
Required rate of return = 15 %
We have to find the value of one share
Value of one share will be equal to ratio of dividend per year to the required rate of return
So value of one share 
So value of one share will be $19.33
Answer:
$2,166.60
Explanation:
Divide the salary by 12 months that are in a year, then divide my 2 because bi-weekly is every 2 weeks.
Answer:
Explanation:
1. The journal entries are shown below:
On December 1
Cash A/c Dr $1,260
To Deferred Service Revenue $1,260
(Being cash is received)
On December 31, 2016
Deferred Service Revenue $420 ($1,260 ÷ 3 months)
To Service revenue $420
(Being service revenue is recorded)
2. Income statement
Earned income from car washing services $420
Balance sheet
Assets
Cash $1,260
Liabilities
Deferred Service Revenue $840 ($1,260 - $420)
Answer:
The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.
Explanation:
In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.
This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.
Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.
Answer:
An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left....
