Answer:
The correct answer is $57.
Explanation:
According to the scenario, the computation of the given data are as follows:
Dividend = $11.40
Growth rate = -0.05
Required rate of return = 0.14
So, we can calculate the price by using following formula:
Price = Dividend × ( 1 + Growth rate) ÷ ( return rate - growth rate)
By putting the value, we get
= $11.4 × ( 1 - 0.05) ÷ ( 0.14 + 0.05)
= $57
Answer:
1.Each week, Katja leaves 100 company checks in an unmarked envelope on a shelf behind the cash register.
physical controls
2.The store manager personally approves all payments before signing and issuing checks.
segregation of duties
3.The company checks are unnumbered.
documentation procedures
4.After payment, bills are “filed” in a paid invoice folder.
documentation procedures
5.The company accountant prepares the bank reconciliation and reports any discrepancies to the owner.
independent internal verification
Explanation:
1.Each week, Katja leaves 100 company checks in an unmarked envelope on a shelf behind the cash register.
physical controls
2.The store manager personally approves all payments before signing and issuing checks.
segregation of duties
3.The company checks are unnumbered.
documentation procedures
4.After payment, bills are “filed” in a paid invoice folder.
documentation procedures
5.The company accountant prepares the bank reconciliation and reports any discrepancies to the owner.
independent internal verification
Answer: False.
Explanation:
The survey information gathered from the customers is a form of getting feedback from the consumers of Tech Geek products/services, which is a form of input that enables the company improve on their products/services.
Answer:
A variable rate loan is a loan that has a benchmark or index rate, plus or less some points, and varies according to the index rate.
For example, one of the most common index rate is the LIBOR, acronym for Londor Interbank Offered Rate. A bank can offered a loan consisting of a rate of LIBOR plus 1.5 points.
Suppose the first month of the loan, LIBOR is 2.00%, therefore, the total variable rate of the loan is 3.15%. Then, in the second month, LIBOR goes down to 1.00%, therefore, now the variable rate of the loan is 2.15%. This is an example of a variable rate loan.
Answer:
2015 Net income is 5.2%
2016 Net income is 8.6%
2017 Net income is 14.0%
Explanation:
Net income %=sales%-cost of goods sold %-expenses%
2015:
Sales is 100%
cost of goods sold is 66.1%
expenses is 28.7%
In 2015 net income %=100%-66.1%-28.7%=5.2%
2016:
Sales is 100%
cost of goods sold is 63.6%
expenses is 27.8%
In 2016 net income as % of sales=100%-63.6%-27.8%=8.6%
2017:
Sales is 100%
cost of goods sold is 62.1%
expenses is 24.8%
In 2017 net income as % of sales=100%-61.2%-24.8%=14.0%
