Answer:
the value of the stock is $95.53
Explanation:
The computation of the value of the stock is as follows;
Price at end of year 5 is
= [Dividend at year 6 ÷ ( Discount rate - Growth rate ) ]
= [Dividend year 0 * 1.03^6 ÷ ( Discount rate - Growth rate ) ]
= [($4 × 1.03^6 ) ÷ ( 0.08 - 0.03 ) ]
= [4 × 1.1941 ÷ 0.05 ]
= $95.53
Hence, the value of the stock is $95.53
Answer:
D) deduction from the balance per bank statement
Explanation:
A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.
Answer:
the answer to this question Is E