Answer:
down payment
Explanation:
A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.
Answer:
The dividend in the upcoming year should be $2.40
Explanation:
Given:
EPS(Earnings Per Share) = $8
Expected ROE(return on equity) = 18%
Appropriate required return = 14%
Plowback ratio = 70%
Required:
Find the dividend
To find the dividend, we need to first calculate the dividend payout ratio.
To find the dividend payout ratio, use the formula below:
Dividend payout ratio = 1 - plowback ratio
= 1 - 0.70
= 0.30 ≈ 30%
The dividend payout ratio is 30%
Therefore, the dividend for the upcoming year would be calculated using the formula below:
Upcoming dividend = upcoming EPS × dividend payout ratio
= $8 × 30%
= $2.4
The dividend in the upcoming year should be $2.4
Rising demand, increased production, increased hiring, and then rising demand again
The correct answer is C) When capital projects are at least partially financed by general obligation bond proceeds.
The circumstance when a Capital Projects Fund is required to be used in governmental accounting is "When capital projects are at least partially financed by general obligation bond proceeds."
In governmental accounting, capital project fund serves to trace the financial resources that are used to have a capital asset that is considered major. This capital project has long-time goals and has large costs. The fund does not run forever. When the asset is done, the fund is terminated. You use this king of capital projects fund when there are plans to build public infrastructure that benefits the community such as roads, bridges, dams, or transportation projects.
