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4 years ago

Recording Journal Entries

Business

1 answer:

DochEvi [55]4 years ago

6 0

Answer:

Cash $68,000 (debit)

Common Stock $68,000 (credit)

Store fixtures $12,000 (debit)

Payable $12,000 (credit)

Cash $20,000 (debit)

Note Payable $20,000 (debit)

Equipment $17,000 (debit)

Cash $1,900 (credit)

Note Payable $15,100 (credit)

Note Receivable $1,400 (debit)

Cash $1,400 (credit)

Payable $12,000 (debit)

Cash $12,000 (credit)

Explanation:

Recognize Cash and Recognize Equity - Common Stock

Recognize Store fixtures and recognize a liability - Payable

Recognize Cash - Asset and a Liability - Note Payable

Recognize Equipment - Asset , Recognize Liability - Note Payable and de-recognize the Asset - Cash

De-recognize Cash and Recognize the Asset - Note Receivable

De-recognize the Liability - Payable and de-recognize the Asset Cash

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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth

ohaa [14]

Answer:

The current price per share is $84.16

Explanation:

The dividend discount model (DDM) estimates the value of a share/stock based on the present value of the expected future dividends from the stock. We will use the two stage growth model of DDM here as the growth in dividends of the stock is divided into two stages.

The formula for current price under two stage growth model is,

P0 = D0 * (1+g1) / (1+r) + D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n +

[( D0 * (1+g1)^n * (1+g2)) / (r - g2)] / (1+r)^n

Where,

g1 is initial growth rate

g2 is the constant growth rate

r is the required rate of return

So, the price of the stock today will be,

P0 = 2.05 * (1+0.24) / (1+0.11) + 2.05 * (1+0.24)^2 / (1+0.11)^2 +

2.05 * (1+0.24)^3 / (1+0.11)^3 + [( 2.05 * (1+0.24)^3 * (1+0.07)) / (0.11 - 0.07)] / (1+0.11)^3

P0 = $84.1556 rounded off to $84.16

4 0

3 years ago

What reasons would retailers have for marking prices lower

UkoKoshka [18]

To attract customers to their store and not their more expensive competitors?

4 0

4 years ago

James negligently misrepresented that a baseball card was a highly collectible and rare card. He did not mean to deceive the buy

Neko [114]

Answer:

Compensation for damages

Explanation:

James negligently misrepresented that a baseball card was a highly collectible and rare card. He did not mean to deceive the buyer of the card, but the court found that he was negligent. Therefore, the buyer will receive: Compensation for damages.

Negligence is a failure to exercise appropriate and or ethical ruled care expected to be exercised amongst specified circumstances.

Someone who suffers loss caused by another's negligence <u>may be able to sue for damages to compensate for their harm.</u>

8 0

3 years ago

If the product price is $283 the per-unit economic profit at the profit-maximizing output is:________

dusya [7]

The per-unit economic profit at the profit-maximizing output is $112 if the product price is $283.

<h3>How do we calculate profit-maximizing price?</h3>

The rule for calculating a profit-maximizing perfectly competitive firm is to produce the level of output where Price equals the Marginal Revenues= Marginal cost.

Hence, the economic profit is calculated by Total Revenue - (Explicit Costs + Implicit Costs) because it entails the difference between the revenue received from the sale of an output and the costs of all inputs.

Therefore, the per-unit economic profit at the profit-maximizing output is $112 if the product price is $283.