أود أن تكون فإن الإحصائيات الثابتة والمتنقلة
Answer:
the price will grow to $ 507,571.77 If it continues with the same grow rate
Explanation:
first we solve for the rate:
2006 - 1895 = 111 years
![Nominal (1+r)^{n} = FV\\150 (1+r)^{111} = 70,000\\\\r = \sqrt[111]{70,000 / 150 } -1](https://tex.z-dn.net/?f=Nominal%20%281%2Br%29%5E%7Bn%7D%20%3D%20FV%5C%5C150%20%281%2Br%29%5E%7B111%7D%20%3D%2070%2C000%5C%5C%5C%5Cr%20%3D%20%5Csqrt%5B111%5D%7B70%2C000%20%2F%20150%20%7D%20-1)
r = 0.06
Now we apply this rate for the year 2040:
2040 - 2006 = 34 years
Principal 70,000.00
time 34.00
rate 0.06000
Amount 507,571.77
Answer:
Date General Journal Debit Credit
Sept 15 Stock dividend $2,342,400
(1,200,000*8%*24.4)
Common Stock dividend distributable $480,000
(1,200,000*8%*5)
Paid in capital in excess of par- $1,862,400
Common Stock
Oct 1 No Journal entry
Oct 10 Common Stock dividend $480,000
distributable
Common Stock $480,000
Explanation:
The journal entries are shown below:
1. Building A/c Dr $176
Equipment A/c Dr $270
To Cash A/c $408
To Note payable A/c $38
(Being the building and the equipment is purchased for cash and note payable)
2. Cash A/c Dr $345
To Common stock $240 (120 shares × $2)
To Additional paid in capital A/c - Common stock A/c $105
(Being the common stock is issued for cash)
3. Retained earnings A/c Dr $145
To Dividend payable A/c $145
(Being the dividend is declared)
4. Short - term investment A/c Dr $7,616
To Cash A/c $7,616
(Being the short term investment is purchased for cash)
5. No journal entry is required
6. Cash A/c Dr $4,413
To Short - term investment A/c $4,413
(Being the short-term investment is purchased)
