Answer:
24.73%
Explanation:
(1 + i)ⁿ = future value / present value
annual interest rate = i
n = 52 years
future value = $11,750
present value = $0.12
(1 + i)⁵² = $11,750 / $0.12 = 97,917
1 + i = ⁵²√97,917
1 + i = 1.2473
i = 1.2473 - 1 = 0.2473 = 24.73%
Answer:
Cash flows from financing activities = -$12600
Explanation:
Before we determine this company's cash flows from financing activities we should understand what components or cash flows are and/or can be associated with financing activities of a business. Cash flows from financing activities include all those cash flows that are received/paid in financing/funding the entity's operations. All those cash flows that are related to raising funds/finance for the business which normally include cash from issuance of equity/debt/, settlement of mature instruments etc.
So in the question the cash flows that relate to financing activities are as follows;
<em>issued common stock =$64000</em>
<em>paid cash dividend = $14600</em>
<em>settlement of note payable = $50000</em>
<em>payment to acquire treasury stock = $12000</em>
<em />
Cash flows from financing activities = $64000 -$14600 -$50000 -$12000
Cash flows from financing activities = -$12600
In this situation, the company is facing negative cash flows as company has received lower cash from financing and has paid/settled greater amounts.
<em>Note: purchasing of equipment is a cash outflow from investing activities and net income generated is a cash inflow from operating activities.</em>
Answer:
b. Manufacturing Overhead Control.
Explanation:
As we know that, indirect labor cost is a manufacturing overhead which deals with all types of indirect cost like - indirect material, indirect labor, Factory machinery depreciation, rent, and salaries expense to the manufacturing personnel, etc
These are the costs that are not directly connected to the product's production.
So, in the given case, the indirect labor cost is normally recorded to the debit side of the manufacturing overhead control account
Answer:
$3.50
Explanation:
Use dividend discount model to solve this question;
where P0 = Current price
D0 = most recent dividend
g = dividend growth rate
Divide both sides by 1.015 to solve for D0;
3.55 / 1.015 = D0
D0 = 3.498
Therefore, the last dividend was $3.50