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Natasha_Volkova [10]
3 years ago
12

A growing perpetuity is currently valued $6,225.81. The next annuity payment will be $386 and the discount rate is 9 percent. Wh

at is the annuity's rate of growth
Business
1 answer:
viva [34]3 years ago
3 0

Answer:

2.8%

Explanation:

The formula to calculate value of a perpetuity is as follow:

V = Annuity payment in year 1 / (r-g)

V: Value of the perpetuity

r: Discount rate

g: Growth rate (missing value)

By inputting numbers into the formula, we have:

6225.81 = 386 / (0.09 - g)

--> g = 2.8%

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Gonzales Company declared and distributed a 10% stock dividend when it had 800,000 shares of $1 par value common stock outstandi
Alenkinab [10]

Answer: C. Additional Paid-in Capital -Common $4.720,000.

Explanation:

Based on the information given in the question, the journal entry to record the stock dividend would go thus:

Debit: Retained earnings = 80000 × $60 = $4,800,000

Credit: Common stock = 80000 × $1 = $80000

Credit: Additional paid in capital- Common stock = 80,000 × $59 = $4,720,000

(To record share dividend)

Therefore, the journal entry to record the stock dividend would include a credit to Additional Paid-in Capital -Common $4.720,000

7 0
3 years ago
Epic, Inc. recently lost a portion of its records. The following information was available from the accounting records.
Novay_Z [31]

Answer:  $55,600

Explanation:

Total Manufacturing Cost

= Direct Material + Direct Labor + Factory Overhead

Cost of Goods manufactured = Direct materials used + Work-in-Process Inventory, Beginning + Factory Overhead Applied + Direct Labor - Work-in-Process Inventory, Ending

Direct Materials = Cost of Goods manufactured - Work-in-Process Inventory, Beginning - Factory Overhead Applied - Direct Labor + Work-in-Process Inventory, Ending

= 57,100 - 10,500 - 11,500 - (1.4 * 11,500) + 9,000

= $28,000

Total manufacturing cost = 28,000 + ( 1.4 * 11,500) + 11,500

= $55,600

8 0
3 years ago
If a person has a house worth $100,000, a mortgage of $90,000, savings of $5,000, a car valued at $10,000, a $7,000 car loan, an
Ludmilka [50]

Answer:

$15,000

Explanation:

A person's net worth is the difference between their total assets and total liabilities.

In this case,

<u>Assets are </u>

House $100,000

Savings $5,000

Car $10,000

<u>Total assets</u>= $115,000

<u>Liabilities</u>

mortgage of $90,000,

car loan $7,000

credit card debt $3,000

<u>Total liabilities</u>= $100,000

Net worth = Total assets - Total liabilities

=$115,000 -  $100,000

=$15,000

3 0
3 years ago
What process is designed to help new employees become familiar with their jobs and organizations?.
emmasim [6.3K]

The employee orientation process is intended to aid new hires in becoming acquainted with their positions and organizations.

An entity, such as a business, institution, or association, that is made up of one or more people and has a specific function is known as an organization or organization (Commonwealth English; see spelling variations). The word is derived from the Greek word organon, which also refers to an instrument, an organ, and many tools. Comparatively speaking, consider the idea of social groups, which can encompass non-organizations.

The terms "organizations" and "institutions" can be used interchangeably, but according to Jack Knight, organizations are either a more condensed version of institutions or a group of institutions; the two are different in that organizations comprise internal institutions (that govern interactions between the members of the organizations).

Learn more about process process here

brainly.com/question/14654945

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8 0
1 year ago
What are the specific context and constraints in the hotel industry that make the use of RM essential .. Your Answer
Mrac [35]

Answer:

Explanation:

The most successful hoteliers are savvy operators who continually look for ways to learn and improve the way they do things, gaining an edge over the competition. But only a small percentage of independent hoteliers use revenue management strategies and thus limit their revenue-generating potential.

7 0
3 years ago
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