Answer:
The income taxes figure of $203,000 is missing from the information provided:
The net income from the budgeted income statement is $466,520
Explanation:
The multiple step income statement differentiates operating revenue from non-operating revenue,operating expenses from one off non-operating expenses as operating gains and losses from non-operating ones
North Company budgeted income statement
Total sales revenue $2,190,100
Variable costs of sale($24*50,220) ($1,205,280)
Gross profit $984,820
Selling and administrative expenses ($305,300)
Profit before interest & taxes $678,940
Interest expense ($10,000)
Income taxes ($203,000)
Net income $466,520
Answer:
$23.25
Explanation:
the maximum that you would be willing to pay for a stock of Universal today can be determined using the multistage dividend discount model
The first step is to find the present value of the dividends over the next four years :
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = $8
Cash flow in year 2 = $4
Cash flow in year 3 = $2
Cash flow in year 4 = $2
I = 15%
Present value = $12.44
Next we would find the present value of the perpetual growth of dividend
($2 x 1.04 ) / 0.15 - 0.04 = 18.91
the present value of this amount = $18.91 / = $10.81
Maximum value = $12.44 + $10.81 = $23.25
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
Therefore after 16.26 unit of time, both accounts have same balance.
The both account have $8,834.43.
Explanation:
Formula for continuous compounding :
P(t)= value after t time
= Initial principal
r= rate of interest annually
t=length of time.
Given that, someone invested $5,000 at an interest 3.5% and another one invested $5,250 at an interest 3.2% .
Let after t year the both accounts have same balance.
For the first case,
P= $5,000, r=3.5%=0.035
For the second case,
P= $5,250, r=3.5%=0.032
According to the problem,
Taking ln both sides
Therefore after 16.26 unit of time, both accounts have same balance.
The account balance on that time is
=$8,834.43
The both account have $8,834.43.
The accountants who conducted the audit in the Rinetin Corporation who fail to discover the
falsification of the company's financial statements for the past
year because of their negligence will be held civilly liable under Section
11(a) of the Securities Act of 1933.
Lyft raises ride-sharing fares when more people need rides and vice versa. This is referred to as Surge pricing. Hence option D is correct.
<h3>What does pricing stand for?</h3>
Pricing is the process of determining the value that a manufacturer will receive in exchange for their goods and services. The producer uses a pricing strategy to make the cost of its products suitable for both the manufacturer and the consumer.
When a business increases the price of a good or service when demand is high and lowers prices when demand is low, this practice is known as "surge pricing."
Hence option d is correct.
Learn more about Surge pricing:
brainly.com/question/14237787
#SPJ1
