Answer:
The current share price is $54.29
Explanation:
Hi, to find the price of this share, we need to bring to present value all the future cash flow that this share will provide. Since the dividend is a constant dividend, we can find the price using the following equation.
where:
r= required rate of return of the stock
Div = constant dividend (in our case, $7.55
n = years in which the share will provide dividends
Everything should look like this
So, the price of the stock today would be $54.29
Best of luck.
Answer: (A) Limited partnership
Explanation:
According to the given question, the limited partnership is one of the type of investment that basically managing the business and also the various types of private liabilities.
A limited type of partnership contain atleast one partner and one GP that helps in contributing financially. All the three person are forming the limited partnership that helps in extended the overall investment money as they mentioned about the limited liabilities and also their specific preferences.
Therefore, Option (A) is correct answer.
Answer:
The net service revenue amounts to $686,000
Explanation:
The formula to compute the net service revenue is as:
Net Service Revenue = (Price - Trade discount) - Discount of 2%
where
Price is $800,000
Trade discount is $100,000
And the discount of 2%
Therefore,
NSR = ($800,000 - $100,000) -Discount of 2%
= $700,000 - 2% 0f $700,000
= $700,000 - $14,000
= $686,000
NOTE: The customer paid within 10 days so the customer is allowed for 2% discount on the amount.
Answer:
C) Drawer
Explanation:
A drawer is an individual or institution that issues and signs a bill of exchange instructing a bank or drawee to pay the specified amount to the payee. The drawer is the person who writes and signs a cheque to a third party or payee. In a situation where the cheque is to pay oneself, the drawer is the same as the payee.
Rover and Associates is the drawer. The law firm issues the cheques instructing Portris Bank to pay the office manager the amount stated in the cheque. The office manager is an employee of Rover and Associates. The cheque may be written to Rover and Associates. If that is the case, Rover and Associates is first the drawer and the then the payee. Portis bank is the drawee.
<span>In an economy that relies on barter, there is no item in the economy that is widely accepted in exchange for goods and services. Money is not used in a bartering system. Goods are exchanged for goods, and services are exchanged for services.</span>
