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lina2011 [118]
3 years ago
10

Sheffield Company discovered the following errors made in January 2022.

Business
1 answer:
Tasya [4]3 years ago
4 0

Answer:

A)

1. Dr Cash 400

    Cr Equipment 400

Dre Wages expense 400

    Cr Cash 400

2. Dr Service revenue 550

    Cr Cash 550

Dr Cash 5,500

    Cr Service revenue 5,500

3. Dr Accounts payable 260

    Cr Equipment 260

Dr Equipment 620

    Cr Accounts payable 620

B)

1. Dr Wages expense 400

    Cr Equipment 400

2. Dr Cash 4,950

    Cr Service revenue 4,950

3. Dr Equipment 360

    Cr Accounts payable 360

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The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 15% for 3 years, after
Kipish [7]

Answer:

Current stock price = $33.50

Explanation:

<em>The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset. According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return. </em>

<em>Hence we will apply the model as follows:</em>

<em>For a single dividend :</em>

<em>PV = Future dividend × (1+r)^(-n)</em>

Year                                          PV

1              1.25× 1.15^1× 1.11^(-1) =1.295

2             1.25× 1.15^2× 1.11^(-2)= 1.342

3              1.25× 1.15^3× 1.11^(-3)=  1.390

<em>Present of dividend in year 4 and beyond:</em>

This wild determined in two steps as follows:

<em>Step 1 :Present Value in year 3 terms</em>

<em>PV = A × D× (1+r)/(r-g)</em>

(1.25× 1.15^3× 1.06)/(0.11-0.06)=40.30

<em>Step 2 :Present value in year 0</em>

PV in year 0 = 40.30× 1.11^(-3)= 29.469

Current stock price = 1.295 + 1.342  + 1.390+29.469 =  33.496

Current stock price = $33.50

4 0
3 years ago
On January 1, 2019, Providence, Inc., issues $1,000,000 of 10 percent, 5-year bonds at par value. Complete the necessary journal
Anna35 [415]

Answer:

                                   Dr.                Cr.

January 1, 2019

Cash                     $1,000,000

Note Payable                             $1,000,000

Explanation:

Bond issued for $1,000,000 and cash received against it. So, cash id debited and a liability is created in this event. Interest accrued will be charged as interest expense at the end of period.

6 0
3 years ago
Networking is a key benefit to a college education.which of the following is not an example of a networking benefit
Rufina [12.5K]

Answer:

D. Networking ensures higher-paying jobs.

Explanation:

Networking is the act of interacting and sharing information between a group of people with common interests in various settings, such as the work environment, schools, and other social gatherings. When students attend the same school, they share common interests and goals. Networking among them would pave way for possible help in the future with regards to finding a job. But it would be wrong to assume that networking would be a guarantee for higher-paying jobs.

Networking would also help graduates from college to interact with people who have progressed farther in their career than they have. So, they can learn from their wealth of experience.

4 0
3 years ago
Bill Dukes has $100,000 invested in a 2-stock portfolio. $50,000 is invested in Stock X and the remainder is invested in Stock Y
ohaa [14]

Answer:

the portfolio´s beta is 1.65

Explanation:

when the individual calculation of beta has been given, is possible to aggregate them as a weigthed average, so it is possible to apply te next formula

Beta Portfolio=w_{1} *\beta _{1}+ w_{2} *\beta _{2} + .... + w_{n} *\beta _{n}

where w is the weigthed value for each asset, in this particular case we have:

Beta Portfolio = \frac{50.000}{100.000}*1.50 +\frac{50.000}{100.000}*1.70

so with this result we get 1.65

8 0
3 years ago
If the managers of HHH Enterprises were to commit to an investment project under consideration, they would obtain 40% of the mon
Mamont248 [21]

Answer:

D. 9.44%

Explanation:

The computation of the weighted average cost of capital is shown below:

Weighted average cost of capital is

= Cost of debt × (1 - tax rate) × weight of debt + cost of equity × weight of equity

= 8% × (1 - 0.30) × 40% + 12% × 60%

= 2.24% + 7.2%

= 9.44%

Hence, the weighted average cost of capital is 9.44%

Therefore the right option is D.

6 0
3 years ago
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