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4 years ago

After posting the journal entries to the ledger, what is the balance of the Cash account?

1 answer:

5 0

Debits leave the account, credits go in.

It would depend but the starting balance is. When you use those numbers specifically your ending balance would be D. But there is missing information.

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Which of the following best describes the amount of money you'll have if you put $1,000 into a savings account earning 1% annual

Luden [163]

I'd choose C. slighltly more than $1100

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4 years ago

If merchandise inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield

Anvisha [2.4K]

Answer:

The answer is LIFO

Explanation:

LIFO is Last in First out. It means the Inventory that was purchased last goes out first.

In periods LIFO, cost of sales reflects the cost of goods purchased recently and the ending Inventory reflects the older goods.

In periods of falling prices, the costs of ending inventory are high, cost of sales are low and the gross profit are high.

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4 years ago

Phillips Enterprises Inc. is expected to pay a dividend of $2.60 next year. Dividends are expected to grow at a constant rate of

Sergeu [11.5K]

Answer:

Cost of internal equity =21%

Cost of external Equity =23.29%

Explanation:

Using the constant growth model:

$Po=\frac{D1}{ke-g}$

if ke is made subject of formula then the cost of internal equity ke is calculated as follows:

$ke=\frac{D1}{Po}+g$ = $\frac{2.60}{20}+0.08$ = 21%

If external equity is to be used, that means that the company will have to issue share to get a fresh infection of capital into the company, and is thus likely to face flotation costs. the company will receive a net of $20 minus flotation costs for every share sold.

$Po(1-f)=\frac{D1}{ke-g}$

If ke is made subject of formula then the cost of external equity ke is calculated as follows:

$ke=\frac{D1}{Po(1-f)}+g$ = $\frac{2.60}{20(1-0.15)}+0.08$ = 23.29%

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4 years ago

The P/E ratio for a certain stock was high. This means _____.

Paraphin [41]

4.when you divide the closing price by the dividend you get a number higher thsn 50

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3 years ago

Give examples of three cash crops that were grown in latin america and explain why they were cash crops.

fgiga [73]

<span>Coffee/ sugar cane / bananas can grow on a small farm, lower startup costs and risks. Countries clear cut natural forests and wildlife to make room for these crops. without export, they cannot sustain the country.</span>

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3 years ago