The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".
<u>Option: D</u>
<u>Explanation:</u>
In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.
Answer: A valuation multiple is a ratio of some measure of a firm's scale to the value of the firm.
Explanation:
The Law of One Price does indeed allow for the determination of the value of the new firm using the value of the existing firm as they are identical. The value of a firm is also estimated based on the value of comparable ones.
It is also true that companies can be similar in many respects but still be different in size and scale.
Valuation multiples however, are not ratios of some measure of a firm's scale to the value of the firm but ratios of financial metrics in the company that can be used for analysis and comparison.
Answer:
Values
Explanation:
Values are defined as standards that people use to evaluate people, things, actions, and situations. Values include traits like honesty, beauty, generosity and so on.
So according to Lewis, Valentine, and Harrington when people are in a certain economic situation they will desire the same things and share the same values.
For example middle class citizens value savings to guarantee financial independence.
Answer:
17%
Explanation:
If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%
The effective annual interest rate is <u>the interest rate that is actually earned or paid on an investment, loan</u> or other financial product.
Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.
Answer:
Stock value today = $1.21
Explanation:
Current Dividend = D
= $1.13
After 5 years that is D
= $0.50
Since expected growth = 0
Therefore
P
= D / Ke = 0.5/18% = $2.77
Its present value will be 
= $1.21
Stock value today = $1.21
