Answer:
$31.9211
Explanation:
We discount the future two year dividends at the required rate of return
and solve for the present value of the infinite series of dividends growing at 3.6% with the dividend grow model:
PV 33.6
Then we discount this by the two years ahead of time these cashflow start and add them to get the PV of the stock which is their intrinsic market value
Answer:That is, assets rise more slowly than GDP, and this drives the capital ratio up as GDP increases. Small banks also have a stronger relationship between capital ...
Explanation:
hope that helps
Answer:
B. False
Explanation:
The concept of limited liability means that an investor's liability for the debt of the company in time of liquidation is limited to the amount paid for the shares he subscribed for in the corporation or where they are not fully paid, to the unpaid portion of his shareholdings, This means the highest a shareholder can lose in a limited liability corporation in time of liquidation is the monetary value of the share he has in the firm.
In line with the above, it means that Ron is not personally liable to five percent of the financial obligations of the corporation but only the monetary value of the share he has bought and if they are not fully paid yet, he will only the unpaid portion.
Answer and Explanation:
The journal entries are shown below:
On Apr 2
Petty cash $290
To Cash $290
(Being the establishment of the petty cash fund is recorded)
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
On Apr 10
Mail & Postage $62
Contributions and Donations $33
Meals & entertainment $114
Cash Short and Over $4 ($290 - $62 - $33 - $114 - $77)
To Cash $213
(Being the replenishment of the fund is recorded)
For recording this, we debited the mail & postage, contributions & donations, meals & entertainment as it increased the expenses and credited the cash as it reduced the assets and the balancing figure is debited to cash short and over
On Apr 11
Petty Cash $140 ($430 - $290)
To Cash $75
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets