Answer:
Option (d) 9.59%
Explanation:
Data provided in the question:
Annual dividends paid by the Brown jug
$0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years
Now,
Present value = $0.61
Future value = $0.88
Time = 4 years [as there is no interest for the year 1]
Now,
Future value = Present value × (1 + r )ⁿ
here,
r is the geometric average dividend growth rate
$0.88 = $0.61 × (1 + r )⁴
or
(1 + r )⁵ = 1.4426
or
1 + r = 1.0959
or
r = 0.0959
or
r = 0.0959 × 100% = 9.59%
Hence,
Option (d) 9.59%
Answer:
Debit Cash $1,261
Dr card discount expense $39,
Credit Sales Revenue for $1,300
Explanation:
Stelloh's Berry Farm Journal entries
Debit Cash $1,261
($1,3,00-$39)
Dr card discount expense $39,
(3%×$1,300)
Credit Sales Revenue for $1,300
i dont understand help with what ???????????????????
A finance company that buys other companies' accounts receivable is known as a factor.
Accounts receivable can be defined as the sums owed by customers to a business, and accounts receivable turnover is a financial ratio that is determined by dividing net sales by accounts receivable. This sort of company acquires receivables for less than their face value.
- A factor is a brief, non-recourse loan obtained through the sale of accounts receivable to a third party.
- Consideration is given to all collection risks, including credit losses.
- Although it is used in other industries, the garment industry is where factoring is most prevalent.
- The two primary types of factoring are maturity factoring and discount factoring. Maturity factoring pays the client the purchase price of the factored accounts at maturity, whereas discount factoring pays a discounted price for receivables before they mature.
Learn about more factors here
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