Answer:
The answer is A
Explanation:
The downward sloping curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy.
Answer:
Cash collected from customers =$574,000.
Explanation:
The cash collected ca be worked out using the formula below:
<em>Opening balance of account. receivable + sales on account - Closing balance of account receivable</em>
<em>Note that addition credit sales increases the amount in the receivable account.</em>
So we can apply this formula as follows:
112,000 + 560,000 - 98,000
= $574,000.
Cash collected from customers =$574,000.
Answer:
I have no clue tbh lol they think they are the boss of us
Answer:
$2.90 approx
Explanation:
The computation of firm’s cash dividend be in seven years
First we need to find out the
Growth Rate = (Last Dividend ÷ Dividend 4 years ago)^(1 ÷ 4) - 1
= ($2.36 ÷ $1.73)^(1 ÷ 4) - 1
= $1.36^0.35 - 1
= 1.113624092 - 1
= 0.113624092
= 11.36%
Now we calculate for 5 years
Dividend in 5 years = $2.36 × 1.113624092
= $2.628
and Dividend in 7 Years = Dividend in 5 years × (1 + 5%)^2
= $2.628 × 1.05^2
= $2.628 × 1.1025
= $2.90 approx
