Social disorder, perfectionist, just remembering physiology. ..
Answer:
(b) $7,000
Explanation:
retained earnings December 31, 2009 = $10,000 - $5,000 - $2,000 = $3,000
retained earnings December 31, 2010 = $8,000
dividends distributed during 2010 = $2,000
net income = ending retained earnings + dividends - beginning retained earnings = $8,000 + $2,000 - $3,000 = $7,000
Answer:
$9,215
Explanation:
Given that,
Bank balance = $8,300
Outstanding checks = $650;
Deposits in transit = $1,300;
Bank service charges = $53
Bank error = $265
Book cash balance:
= Bank balance - Outstanding checks + Deposits in transit + Bank error
= $8,300 - $650 + $1,300 + $265
= $9,215
Therefore, the correct cash balance at the end of the month is $9,215.
Answer:
9.54%
Explanation:
we can use the dividend growth model (Gordon model) to calculate the cost of equity (Re):
current stock price (P₀) = next future dividend (Div₁) / [cost of equity (Re) - constant growth rate (g)]
Div₁ = $2.80 x 1.045 = $2.926
$58 = $2.926 / (Re - 0.045)
Re - 0.045 = $2.923 / $58 = 0.05045
Re - 0.045 = 0.05045
Re = 0.05045 + 0.045 = 0.0954 = 9.54%
