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Lilit [14]
3 years ago
13

On March 1, 2020, Mike Dials purchased a suit at Crane's Fine Apparel Store. The suit cost $950 and Mike used his Crane credit c

ard. Crane charges 2% per month interest if payment on credit charges is not made within 30 days. On April 30, 2020, Mike had not yet made his payment. What entry should Crane make on April 30th?
Business
1 answer:
vfiekz [6]3 years ago
3 0

Answer:

The entry amount made by Crane=$988

Explanation:

Step 1

Determine the interest charged due to the delay using the expression below;

Interest=principal×rate×time

where;

principal=$950

rate=2%=2/100=0.02

time=2 months

replacing;

Interest=(950×0.02×2)=$38

The interest charged by April 30, 2020=$38

Step 2

Calculate total amount of payment

The total amount=Principal amount+interest

where;

principal=$950

interest=$38

replacing;

Total amount of payment=(950+38)=$988

The entry amount made by Crane=$988

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Burke Tires just paid a dividend of D0 = $2.25. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year
andrew11 [14]

Answer:

c. $76.48

Explanation:

The value of the stock is the present value of future cash flows

First, calculate each year's dividend

First year dividend = D1 = D0 x ( 1 + first year growth rate ) = $2.25 x ( 1 + 30% ) = $2.925

Second year dividend = D2 = D1 x ( 1 + Second year growth rate ) = $2.925 x ( 1 + 10% ) = $3.2175

Second year dividend = D3 = D2 x ( 1 + Second year growth rate ) = $3.2175 x ( 1 + 5% ) = $3.378375

Now calculate the present value of each year's dividend

Present value of D1 = D1 / ( 1 + required return )^1 = $2.925 / ( 1 + 9.00% )^1 = $2.6834

Present value of D2 = D2 / ( 1 + required return )^2 = $3.2175 / ( 1 + 9.00% )^2 = $2.7081

Present value of D3 = [ D3 / ( Required return - Growth rate ) ] / ( 1 + required return )^2 = [ $3.378375 / ( 9.00% - 5.00% ) ] / ( 1 + 9.00% )^2 = $71.0878

Now take the sum of the present value of all the dividends to calculate the value of stock

Value of Stock = Sum of Present value of all dividend = Present value of D1 + Present value of D2 + Present value of D3 = $2.6834 + $2.7081 + $71.0878

Value of Stock = $76.4793

Value of Stock = $76.48

4 0
3 years ago
What type of graphic illustrates changes in data over time?
Leviafan [203]
It is the Bar chart. Bar charts are helpful for looking at related things, delineating changes in information after some time, and demonstrating portions as a major aspect of an entirety. A reference chart indicates correlations among discrete classes. One hub of the outline demonstrates the particular classifications being analyzed, and alternate pivot speaks to a deliberate esteem. Some visual charts exhibit bars bunched in gatherings of more than one, demonstrating the estimations of more than one quantified variable.
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Drussden Inc., a multinational corporation, has decided to hire military veterans. This, the company feels, would not only set a
Serhud [2]

Answer:

c. to require sufficient time for training their HR personnel on how to appropriately interview these potential employees.

Explanation:

Most organizations lack a veteran recruiting program. There are several misconceptions about veterans working in private companies especially regarding their mental state. It is true that a percentage, about 10-20%, experience some type of PTSD, but it generally is not something permanent. Also, former military personnel are normal people that served their country. They have some skill sand some preparation that even though might be unrelated to a specific, might be very useful. For example, many companies hire veterans because they are adaptable, flexible, react well under pressure and tend to find solutions to problems. They didn't learn this in any school, instead they learned this on the battle field. Many veterans also have a lot of experience with solving problems and presenting clear information.

This doesn't mean that they will earn a higher salary, or that they will turn the office into a military headquarter. Many companies higher them for their flexibility and how well they adapt and react to change. The problem is that not enough companies actually have veteran recruiting programs that will help both the companies and the veterans.

6 0
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Comet Company is owned equally by Pat and his sister Pam, each of whom hold 165 shares in the company. Pam wants to reduce her o
VARVARA [1.3K]

Answer: The answer is given below

Explanation:

The following can be gotten from the question

The redemption value of the share = $1660

Less: tax basis = $700

Capital gain: $1660 - $700 = $960

Number of shares that'll b redeemed = 83 shares

Therefore, the capital gain and the tax basis in each of the remaining shares of 700 will be:

= $960 × 83

= $79680

6 0
3 years ago
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