Answer:
$25.15
Explanation:
The price the stock would be sold at the end of the three-year holding period can be computed using excel FV formula stated below:
=fv(rate,nper,pmt,-pv)
rate is the semiannual cost of capital i.e 14%/2=7%
nper is the number of dividend payments over three-year period which is 6
pmt is the amount of semiannual dividend payment
pv is the current stock price
=fv(7%,6,1.1,-22)=$25.15
The best and most correct answer among the choices provided by your question is the fourth choice or letter D.
<span>An example of a basic requirement for a fulfilling career is grabbing opportunities to learn and grow.</span>
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Answer:
The required adjusting entry would be to debit the Salaries expense account $650 and credit the accrued salaries account $650.
Explanation:
When an expense is incurred but yet to be settled in accrual accounting, the expense has to be recognized in the period in which it is incurred by debiting the expense account and crediting the accrued expense ( a liability) account with the amount incurred.
Mass production - to produce custom products in large quantities
Answer:
produce unique products
Explanation:
when a business produce unique products can't be threatened by substitution products
