Answer:
The entries are made as follows;
Explanation:
Service Revenue Dr.$4,350
Income Summary Cr.$4,350
(To close revenue account)
Income Summary
Supplies expense Dr.$910
Insurance Expense Dr.$540
Salaries and Wages Expense Dr.$1,770
Income Summary Cr.$3,220
(To close expenses)
Income Summary (4,350-3,220) Dr.$1,130
Retained Earnings Cr.$1,130
I believe the answer is: He wanted to make sure he could always get fuel for his steel plant.
At that time, the Frick Coke company was the largest coal producer in the country and they control about 80% of the coal market share. At that time, coal is the most important fuel resources for steel industries, they are used to melt and shapes the steel products.
Answer: $2.61
Explanation:
We can use the Gordon Growth Model here of which the formula is,
P = D1 / r – g.
Where
P is the stock price
D1 = the annual expected dividend of the next year.
r = rate of return.
g = the expected dividend growth rate (assumed to be constant)
Making D1 the subject of the formula to find the next dividend will help us solve for the recent Dividend.
D1 = P (r-g)
= 45.20 (0.099 - 0.039)
= $2.712
$2.712 is the next dividend.
To calculate the most recent Dividend we can use the growth rate in the following manner,
D1 = D0(1 + g)
D0 = D1/(1+g)
D0 = 2.712 / 1.039
D0 = $2.61
The dividend the company just paid is $2.61
The microeconomic factors that are important to consider in business is competition, the supply and demand, elasticity of the goods and similar variables. Depending on the business, each has factor has a unique impact which can either help or ruin the business.Thank you for your question. Please don't hesitate to ask in Brainly your queries.
