just paid an annual dividend of $3.00 per share last year. Management just announced that future dividends will increase by 2 pe
1 answer:
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Answer: Please refer to Explanation
Explanation:
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1.Paid $7,000 of accrued taxes at the time the plant site was acquired. LAND because it was an expense that was needed to acquire the land so it is capitalized
2. Paid $200 insurance to cover a possible accident loss on new factory machinery while the machinery was in transit. EQUIPMENT
3. Paid $850 sales taxes on a new delivery truck. EQUIPMENT.
4. Paid $21,000 for parking lots and driveways on the new plant site. choose an account title. LAND IMPROVEMENTS.
5. Paid $250 to have the company name and slogan painted on the new delivery truck. choose an account title. EQUIPMENT
6. Paid $8,000 for installation of new factory machinery. choose an account title. EQUIPMENT
7. Paid $900 for a 2-year accident insurance policy on the new delivery truck. choose an account title. PREPAID INSURANCE
8. Paid $75 motor vehicle license fee on the new truck. LICENSE EXPENSE.
Answer:
P=24.92 per quarter
Explanation:
this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the future value of future payments affected by an interest rate.by definition the future value of an annuity is given by:
where is the future value of the annuity,
is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:
we will asume that deposits are made as interest is compounded it is quarterly thats why we multiply 60 and 4 and also we divide 12% into 4, so:
solving P
P=24.92