Answer:
Explanation:
B.)Your annual salary for doing your job.
Answer: C
Explanation:
Since he turned it down, he must have less money to use with it. There would be no other reason for him to turn it down. Therefore, the project value is negative.
Answer:
A company purchases inventory on credit.
Explanation:
Current liabilities are those that have to be settled within the fiscal year. The statement above does not specify if the credit has to be paid within the fiscal year, but most likely it has to, because inventories do not usually represent a long-term debt.
So under this sceneario, purchasing inventory on credit would represent an increase in the current liabilities of the firm.
Answer:
$50,400
Explanation:
Cash Balance as per bank statement $62,900
[$69700+$25300-$20400+$87600-$99300]
Less: Outstanding checks at April 30, 2020 <u>$12,500</u>
Adjusted Cash balance per bank <u>$50,400</u>
So, the cash balance per books at April 30, 2020 is $50,400
I guess the correct answer is $15.77
Franktown Meats just announced that they are increasing the annual dividend to $1.75 and establishing a policy whereby the dividend will increase by 2% annually thereafter. One share of this stock be worth six years from now is $15.77 if the required rate of return is 14.5%