A) The relationship between information systems and organizations is among the fastest-changing aspect of business today.
Answer:
The current share price is $82.85
Explanation:
D1 = (2.85*1.25)
= 3.56
D2 = (3.56*1.25)
= 4.45
D3 = (4.45*1.25)
= 5.566
Value after year 3 = (D3*Growth rate)/(Required rate - Growth rate)
= (5.566*1.045)/(0.105 - 0.045)
= $96.95
current price = Future dividend and value*Present value of discounting factor
= 3.56/1.105 + 4.45/1.105^2 +5.566/1.105^3 + $96.95/1.105^3
= $82.85
Therefore, The current share price is $82.85
A purchase of merchandise for cash would be posted individually to Purchases.
Option B
Explanation:
Every day, the accounts receivable are filled with individual submissions in the sales newspaper, to keep customer balances on track. Customer account calculations are placed into the comparison column of a sales journal to signify that entries have also been posted (or check marks when customer data are actually kept in alphabet order).
Although companies develop special diaries for routine activities of other kinds, almost all marketing firms use special diaries for orders, deposits, cash receipts, and cash payments.
