Answer:
$0.72
Explanation:
The computation of the amount of the last dividend paid is shown below:
Market price of a stock = Last dividend × (1 + growth rate) ÷ Required rate of return - growth rate
$12.36 = Last dividend × ( 1 + 0.03) ÷ 0.09 - 0.03
$12.36 = Last dividend × (1.03) ÷ 0.06
$12.36 × 0.06 = 1.03 × last dividend
$0.7416 = 1.03 × last dividend
So,
last dividend is
= $0.7416 ÷ 1.03
= $0.72
Answer: frequently spending more money than is earned
Explanation:
Answer:
$4 and $4
Explanation:
The computation are shown below:
Per hour cost = Total set up cost ÷ Total direct labor hours
= $64,800 ÷ $81,000
= $0.8
Now the set up cost would be
= Per hour cost × Direct labor hours per unit
For Plus
= 5 × $0.8
= $4
For Max
= 5 × $0.8
= $4
All other given information is not important. Hence, ignored it
Answer:
Long term liabilities is $23,000,000
Explanation:
Electronic Superstore
Balance Sheet (Not Full) at December 31, 2021
Details Amount ($)
Current liabilities NA
Long-term liabilities <u> 23,000,000 </u>
Total liabilities <u> 23,000,000 </u>
Note that the $7 million will due in 2022 not in 2021. Therefore, this does not effect on the 2021 balance sheet entries.
Answer:
C) $250,000
Explanation:
Larkin's investment in Devon at the end of the year = carrying amount at the beginning of the year + Larkin's share of Devon's income - Larkin's share of Devon's dividends
= $200,000 + ($600,000 x 25%) - ($400,000 x 25%)
= $200,000 + $150,000 - $100,000 = $250,000
