Answer and Explanation:
The adjustment should be as follows
Unearned Rent Revenue $47,400
To Rent Revenue $47,400
(Being recording of revenue earned is recorded)
Here unearned rent revenue is debited as it decreased the liabilities and the rent revenue is credited as it increased the revenue. Also liabilities and revenue contains the normal debit balance
The working is shown below:
= $71,100 × 8 months ÷ 12 months
= $47,400
The eight months are calculated from May 1 to December 31
Answer:
Explanation:
Features are something invented Benitez its like advice
Answer:
The dividend growth rate is 8%.
Explanation:
Considering the stock is the one that has a constant dividend growth, we use the DDM approach for constant growth model. The constant growth model formula for price of a stock today is,
P0 = D1 / r - g
Where,
- D1 is the dividend in the next period or D0 * (1 + g)
- r is the required rate of return
- g is the growth rate in dividends
Plugging in the available value,
30 = 1.25 ( 1+g) / (0.125 - g)
30 * (0.125 - g) = 1.25 + 1.25g
3.75 - 30g = 1.25 + 1.25g
3.75 - 1.25 = 30g + 1.25g
2.5 / 31.25 = g
g = 0.08 or 8%
Answer:
B. Brand B, 10 oz. bag for $3.90
Explanation:
The lowest per unit cost of different brands can be calculated using the following formula
Cost per oz=Cost per bag/number of oz in that bag
Brand A Cost per oz=3.60/8=$0.45
Brand B Cost per oz=3.90/10=$0.39
Brand C Cost per oz=6.50/16=$0.406
Brand D Cost per oz=0.59/1=$0.59
So the answer is B. Brand B, 10 oz. bag for $3.90
