Answer:
The price of the stock today=$560
Explanation:
We can use the expression for calculating the required rate of return to calculate the price of the stock today:
RRR=(EDP/SP)+DGR
where;
RRR=required rate of return
EDP=expected dividend payment
SP=share price
DGR=dividend growth rate
In our case:
RRR=13%=13/100=0.13
EDP=$2.80 per share
SP=unknown
DGR=20% and 8%, the average DGR=(20+5)/2=12.5%=0.125
replacing in the original expression;
0.13=(2.8/SP)+0.125
2.8/SP=0.13-0.125
2.8/SP=0.005
SP=2.8/0.005
SP=$560
The price of the stock today=$560
Answer:
petty cash fund 242 debit
cash 242 credit
--to establish a petty fund--
freigth-out 53.40 debit
entertainment expense 15.00 debit
postage expense 12.70 debit
miscellaneous expense 112.50 debit
cash shortage loss 2.40 debit
cash 196 credit
--to replenish the fund on August 15th--
petty cash fund 200 debit
cash 200 credit
--to increase petty fund by 200 dollars--
freigth-out 25.40 debit
entertainment expense 153.60 debit
postage expense 124.00 debit
cash shortage loss 1.00 debit
cash 304 credit
--to replenish the fund on August 31th--
Explanation:
when replenish we don't use the petty fund account we adjust directly against cash leaveing the petty fund balance untouched. We only adjusted for increases or decreases in the total amount available at the petty cash fund.
Answer:
The correct answer is $27,675.
Explanation:
According to the scenario, the given data are as follows:
Variable manufacturing OH = $1.75
Fixed manufacturing OH = $19,800
Units = 4,500 units
So, we can calculate the total amount of manufacturing overhead cost by using following formula:
Total manufacturing OH = Total variable OH + Total fixed OH
Where, Total variable OH = $1.75 × 4,500 = $7,875
By putting the value, we get
Total Manufacturing OH = $7,875 + $19,800
= $27,675
Answer:
C
Explanation:
Wrongful interference with a business relationship.
Kojo is liable for wrongful interference with a business relationship and Based on common law tort and contract principles, the courts can order that damages be paid to compensate national medco products for economic harm caused by Kojo who interfered with their business relationships due to the fact that Kojo is trying to solicit Malin's customers to breach contract with Malin.
Answer:
Gross profit margin = 45%
Net income = $13,500
Net profit margin = 5%
Explanation:
Net sales = $270,000.
Gross profit = $121,500
Operating expenses = $108,000
Gross profit margin = (Gross profit ÷ net sales) × 100
Gross profit margin = $(121,500 ÷ 270,000) × 100
Gross profit margin = 0.45 × 100 = 45%
Net income for March :
Gross profit - Total expenses
$121,500 - $108,000 = $13,500
Net profit margin :
(Net profit ÷ net sales) × 100
(13500 ÷ 270,000) × 100
Net profit margin = 5%
