Answer:
C.
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
The journal entry on declaration of dividend would lead to a debit to retained earnings and credit to dividends payable.
No journal entry is passed on the date of recording dividend.
Later, on the date of payment of dividend would lead to a debit to dividends payable and credit to cash account.
The journal entries have been shown below:
Answer:
$38,663.61
Explanation:
Given:
Principle amount = $5,000
Duration, n = 50 years
Now,
With interest rate 7.5%
Future value = Principle × ( 1 + r )ⁿ
thus,
Future value = $5,000 × ( 1 + 0.075 )⁵⁰
or
Future value = $185,948.73
With interest rate 7%
Future value = Principle × ( 1 + r )ⁿ
thus,
Future value = $5,000 × ( 1 + 0.07 )⁵⁰
or
Future value = $147285.12
Hence,
The additional amount to be gifted = $147285.12 - $185,948.73
= $38,663.61
Answer:
c. cost approach
Explanation:
The cost approach is a real estate valuation method in which the price estimated regarding the buyer that have to pay for the property and the same is equivalnet to the cost for creating a buidling.
Here the property value should be equivalent to the land cost also add the construction cost and minus the depreciation expense
So as per the given situation, it is the cost approach that determined the market value of the property
Answer:
A well-developed strategy is easier to implement than one that has not received sufficient thought. Create strategies that can be effectively implemented by specifying clear objectives and projecting measurable milestones. Align these strategic steps with your company's overall mission.
Explanation:
Answer: True
Explanation: In simple words, real risk free rate refers to the rate than a borrower can actually get in the market for a specified amount and for a specified period.
Real risk free rate is seen as a measure of how the economy of a country is performing and is calculated by subtracting the inflation rate from the treasury bonds of the govt. which match the durability of the borrower.
It depicts the actual increase in purchasing power as it deducts the impact of inflation over time. Thus, the given statement is true.
