free trade is trade that governments do not interfere with. Governments can impose trade restrictions and tariffs on trade that might inhibit two parties from being able to trade freely.
The answer is "incidental beneficiary".
An incidental beneficiary refers to somebody who indirectly acquires an advantage as the aftereffect of the fundamental reason for the trust. An incidental beneficiary is a recipient who isn't a planned recipient. For instance, a grandchild may profit by his/her parent accepting a blessing which could be utilized by the whole family, or which he/she may acquire from the parent.
The May transactions for Charlie Company (seller) assuming that Charlie uses a perpetual inventory system are:
Charlie Company Journal entries
May 13
Debit Account receivable $360
(8×$45)
Credit Sales $360
(To record credit sales)
May 13
Debit Cost of goods sold $208
(8×$26)
Credit Merchandise inventory $208
(To record cost of goods sold)
May 16
Debit Sales return and allowances $45
Credit Account receivable $45
(To record goods returned)
May 16
Debit Merchandise inventory $26
Credit Cost of goods sold $26
(To record cost of goods sold returned)
May 23
Debit Cash $302
($315-$13)
Debit Sales discount $13
(4%×$315)
Credit Account receivable $315
($360-$45)
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Answer:
P5 = 10.41
Explanation:
To calculate the stock value with dividends for the fifth year the following formula would be used:
The first Dividend Paid.- G = Growth Rate.
- R = Required Return.
$1.15
Growth Rate = 12.3%
R = 0.75%
P5 = ?
- Substituting the values in the formula
