Answer:
Monthly deposit= $164.24
Explanation:
Giving the following information:
Future value= $1,000,000
Interest rate= 0.118/12= 0.00983
Number of periods= 35*12= 420 months
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.00983) / [(1.00983^420) - 1]
A= $164.24
Answer:
The required rate of return is 7.20%
Explanation:
The price of a share that pays a particular dividend amount in perpetuity is given by the below formula:
price of share=dividend/required rate of return
price of share is $91.00 per share
dividend payable in perpetuity is $6.55
required rate of return is unknown
$91=$6.55/required rate of return
required rate of return =$6.55/$91
=7.20%
to confirm the required of return,I divided the by the required rate of return as shown below:
6.55/0.0.72=$90.97 .approximately $91
That is a way to validate the computed required rate of return
Answer:
in all my school years i never seen this and i am in 12th grade
Answer:
D.2, 3, 1.
Explanation:
The order of preparing the financial statement is described below:
1. Income statement
2. Statement of stockholder equity
3. Balance sheet
4. Cash flow statement
The income statement records all revenues generated and expenses incurred during a particular period.
The Statement of stockholder equity consists of common stock and the retained earning through which the ending balance could be computed.
The balance sheet reports the assets and liabilities of the company
And, the cash flow statement analyzes the cash inflow and cash outflow position of the company
