Answer:
expected return = 12.03%
Explanation:
using the dividends growth model we can calculate the required return
2.22 x 1.03 = 2.2866
We must remember that the gordel model is used with next year dividends
2.2866(return - 0.023) = 19
2.2866/19 +0.023 = return
return = 12.03%
Answer:
Dr Salaries expense $7,552
Cr Accrued salaries $7,552
Being entries to record salaries payable as at year end
Explanation:
When an expense is incurred but yet to be paid by an organization, the entries required are
Dr Expense (p/l)
Cr Accrued expense (B/s)
when payment is made
Dr Accrued expense (B/s)
Cr Cash account
Given that Zoey Bella Company has a payroll of $9,440 for a five-day workweek and the year ends on a Thursday. As such, the company as at 31 December has incurred salaries for 4 days. This has to be accrued for but first to calculate the amount
= 4/5 * $9,440
= $7,552
Hence adjusting entry required on December 31, assuming the year ends on a Thursday
Dr Salaries expense $7,552
Cr Accrued salaries $7,552
Being entries to record salaries payable as at year end
Answer:
a collection of screen names, like on your phone where you keep all your friends' phone number
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