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Mandarinka [93]

3 years ago

12

which of the following is the features of memorandum. (a) no salutation (b) dear ma/sir (c) it contains letter headed paper (d)

it contains e-mail

1 answer:

Stolb23 [73]3 years ago

7 0

Answer:

a. no salutations

Explanation:

the main feautures of a memorandum are;

no inside address (address of the addressee)
no complimentary close
no salutations and most often
the signature of the sender is omitted

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Cynthia always buys whichever brand of paper towels is on sale, even if it is not the highest quality towel. her paper towel buy

Ann [662]

Single feature model

In this case, the single feature that Cynthia cares about is price. The single feature model works well for simple decisions, but most purchases require more thought. For example, buying a house based solely on price would be a terrible idea because it might be in a bad neighborhood or terrible condition.

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3 years ago

Exercise 9-1 Classifying liabilities LO C1 The following items appear on the balance sheet of a company with a one year operatin

nignag [31]

Answer:

1. Notes payable (due in 13 to 24 months) - L

Long term because period of payment is over a year.

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Current because period of payment is under a year.

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Long term because it will mature after a period of a year.

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Current because it deals with payment for the year.

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Current as it matures in less than a year.

6. FUTA taxes payable - C

Taxes are for a single period making them current.

7. Accounts receivable - N

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7 0

3 years ago

Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.

sertanlavr [38]

Answer:

$9.687

Explanation:

Given:

Year 3 dividend = $1.00

Year4&5 growth rate = 17%

Constant rate = 7%

Required return rate = 16%

Year 4 dividend wil be:

D4 = 1.00 * 1+growth rate

= 1.00 * (1+0.17)

= $1.17

Year 5 dividend=

D5 = $1.17 * (1+0.17)

= $1.3689

Value of stock after year 5 will be given as:

$\frac{D5 * (1+growth rate)}{required return - growth rate}$

$= \frac{1.3689*(1+0.07)}{0.16-0.07}$

= $16.2747

For the current value of stock, we have:

Cv= Fd* Pv of discounting factor

Where Cv = current value of stock

Fd = future dividend

Pv = Present value of discounting factor

Therefore,

$C_v = \frac{1.00}{1.16^3} + \frac{1.17}{1.16^4} + \frac{1.3689}{1.16^5} + \frac{16.2746}{1.16^5}$

=$9.6871382455

≈ $9.687

The value of stock today =

$9.687

8 0

3 years ago

On June 30, Sharper Corporation’s stockholders' equity section of its balance sheet appears as follows before any stock dividend

muminat

Answer:

Find below the equity section of the balance sheet

Number of shares outstanding is now 105,000

Explanation:

The equity section of the balance is an excerpt of the entire balance sheet containing the worth of equity stockholders' investment in the business which comprises of the common stock,paid in capital in excess of par as well as the retained earnings.

Equity section of Sharper Corporation balance sheet :

Common stock-$10 par value,120,000 authorized,105,000 issued and outstanding ($700,000+$350,000) $1,050,000

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Retained earnings ($710,000-$350,000) $360,000

Total stockholders' equity $1,710,000

The stock dividend of 50% means that 35,000 more shares(50%*70,000 shares are given to shareholders for free,funded by retained earnings by debiting retained earnings with $350,000 (35,000*$10) and crediting same to common stock

total number of shares outstanding=70,000+35000=105000

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3 years ago

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mote1985 [20]

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2 years ago