Answer:
The correct answer is 14%
Explanation
Year 1: $600,000
Year 2: $684,000
Year 2 ($684,000) - Year 1 (600,000) = $84.000
Method "Rule of three" or Cross multiplication
$600,000------100%
$84,000-------- ?
$84,000 x 100= 8,400,000 then you divide the answer into $600,000
8,400,000/600,000= 14%
Answer:
The amount of rent expense that will be reported on the Year 1 income statement is $1,800
.
The cash outflow for rent that would be reported on the Year 1 statement of cash flows is $5,400.
Explanation:
Though the amount paid was paid on October 1, Year 1 it will only be expensed from October to December for year 1.
The duration of the payment is 12 months, hence
Monthly amortization = $7,200/12 = $600
Rent expense for year 1 = $600 × 3 = $1,800
The ending balance in the prepaid rent account will be
= $7,200 - $1,800
= $5,400
This will be the cash outflow for rent that would be reported on the Year 1 statement of cash flows.
The act of making the decision is the part of this step of market research that makes management more confident business decisions.
<h3>What is market research?</h3>
This refers to the activity of gathering market information about consumers' needs and preferences.
Some steps of a market research includes:
- present the findings
- make the decision
- develop the research plan
- collect the information
Read more about market research
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its like keeping the funds private and makeing sure no one knows alot about it
Answer: $38.03
Explanation:
Based on the information given in the question, dividend for first year will be:
= D1 = $2.19 × 1.15 = $2.5185
D2= $2.5185 × 1.1 = $2.77035
Then, we calculate the value after year 2 which will be:
=(D2 × Growth Rate) / (Required Return-Growth Rate)
=(2.77035 × 1.037) / (0.107-0.037)
=$41.04
Therefore, the stock price today will be:
= (2.5185/1.107) + (2.77035/1.107²) + (41.04)/1.107²
=$38.03
