Answer:
14.06%
Explanation:
The computation of the cost of common equity using the DCF method is shown below:
Cost of Common Equity = [Ending year dividend ÷ Price per share] + growth rate
= [$2.31 ÷ $25.50] + 0.05
= 14.06%
We simply applied the above formula by considering the ending year dividend, price and the growth rate so that the correct percentage could come
Answer and Explanation:
The presentation of the retained earnings statement for the year is presented below:
<u> Pina Colada Corp</u>
<u> Retained Earnings Statement
</u>
<u> For the year Ended December 31, 2017
</u>
Retained Earnings, as on January 1 $16,700
Add: Net Income $10,400
Less: Dividend paid -$4,700
Retained Earnings, as on December 31 $22,400
<u>Adjusting entry for Rent Revenue:</u>
It is given that a customer rents a vehicle for three months from Commodores rental on November 1, paying $4,050 ($1,350/month). The adjustment is needed to be made for 2 months period (Nov. 1 to Dec. 31)= 1350*2 = $2,700
The adjusting entry for Rent Revenue as on Dec. 31 shall be as follows:
Unearned Rent Revenue Debit $2,700
Rent Revenue Credit $2,700
(Being adjustment made for Rent Revenue)
Answer: Andrews net pay will go down(reduce).
Explanation: Income withholding is a deduction of a payment for child support from a parent’s income. This order can be from a court or administratively ordered by a child support agency.
Answer:
A : the FTC
Explanation:
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