Answer:
The answer is option e. $44.46
Explanation:
The stock's expected price after 5 years can be expressed as;
FV=CV(1+RRR)^n
where;
FV=future value of stock/expected price after 5 years
CV=current price of stock
DGR=dividend growth rate
n=number of years
In our case;
FV=unknown
CV=$35.25 per share
DGW=4.75%=4.75/100=0.0475
n=5 years
replacing;
FV=35.25(1+0.0475)^5
FV=35.25(1.0475)^5
FV=44.46
Answer:
B) Cash A/c Dr $18,000
To Long-Term Notes Payable $18,000
Explanation:
Since we have to pass the journal entry for the beginning year, so we have to record the issued amount also,
The journal entry is shown below:
Cash A/c Dr $18,000
To Long-Term Notes Payable $18,000
(Being long term notes payable)
The principal installment amount should not be considered in the recording of the journal entry. Hence, it is ignored.
Answer: $105700
Explanation:
The amount that'll be paid as the cost of the land will be calculated as:
Land purchase = $100,000
Add: Property tax = $2500
Add: Fees = $1000
Add: Grading = $2200
Total = $105700
Therefore, the amount that'll be paid as the cost of the land will be $105700
Answer:
As earnings naturally represent the managements ability and success, earnings is the item that is most prone to be misrepresented.
we know that projections are forecasts that are never 100% correct and these projections are extremely sensitive to macro environmental factors.
Financial statement fraud refers to intentional, fraudulent misrepresentations and miscalculations in the financial statement accounts, balances and cash flows. such fraudulent alterations are usually done at the accounts level and in those accounts and transactions.
Disclosure fraud refers to fraudulent activities and misrepresentations that are done by not including balances, hiding real figures and not disclosing essential and material items that are necessary to be disclosed.
Explanation:
Answer: 2. 2. We have identified a problem with our expense sheet, but we will solve it.
3. 2. The user should contact the help center.
4. 1. In the future, we should be more careful about scheduling.
Explanation:
2. By choosing Option 2, the writing is more concise and but still has all the necessary details unlike the other options that are unnecessarily long.
3. Option 2 does not make assumptions like option 1 did which is wrong. Option 3 would be better but the text did not include the bit about the problem this making Option 2 best.
4. Option 1 is the best option because it is clear and concise and eliminates the long lead-in.
