Dante worked 10 hours per week at a grocery store last school year, earning minimum wage. His parents claim him as a dependent o
1 answer:
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Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The net sales would be = Sales revenue - sales discount - sales return and allowances
= $39,000 - $1,950 - $1,755
= $35,295
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
Cost of equity for new stock will be 12.8 %
So option (a) is correct option
Explanation:
We have given the common stock sells for $32.50
Earning per share = $3.50
Dividend pay out ratio = 60 %
So dividend will be = 3.50×0.6 = $2.1
Growth rate = 6 % = 0.06
Flotation rate = 5% = 0.05
We have to find the cost of new stock
We know that cost of equity from new stock will given by