E. Making your money grow.
Budgeting can make it seem like you have more money sometimes because you probably aren’t spending it on as many things that you don’t need, but it doesn’t actually grow your finances.
Budgeting is setting out certain amounts of money for different parts of your life. For example, you get to spend $200 on food each month, and $50 on things you want, etc.
Answer:
The general journal entry to be made is:
Dr Cash($200+$125) $325
Cr Revenue from services provided $200
Cr Revenue from rental services $125
Explanation:
The sales revenue is made up of dance and rental services which implies that the account for each is credited with $200 and $125 respectively as increase in income naturally is credited to revenue.
On other hand the receipt of cash of $200 as well as $125 which sums up to $325 implies that cash has increased by the same amount, since cash is an asset an increase in asset has a debit entry, that justifies the reason for debiting cash account with $325
I think it would be important for the one jurist to vote not guilty ie to have the courage to do so because for someone to be penalized for something they didn't do is ia very serious thing especially if the sentence is a lengthy one so the other members of the jury should be made to explain just why they think the way they do and not go unchallenged.
Answer:
$1,586.87
Explanation:
Rate (I/Y) = 8.00%
Period (N) = 6
Amount (PV) = 1000
PMT = 80
Annual compounding type
Using the MSExcel function to solve for FV.
Future value = FV(Rate, Nper, Pmt, -Pv, 0)
Future value = FV(8%, 6, 80, 1000, 0)
Future value = $1586.87432294
Future value = $1,586.87
So, the value of the certificate when it matures will be $1,586.87.
Answer:
$56.20
Explanation:
We know,
Under constant growth model, value of stock, =
Here,
= Expected dividend/Next year dividend = × (1 + g)
= Current year dividend = $2.25
g = dividend growth rate = 4.9% = 0.049
r = required rate of return = 9.1% = 0.091
Therefore,
= Expected dividend/Next year dividend = $2.25 × (1 + 0.049) = $2.25 × 1.049 = 2.36025
Putting the values into the above formula, we can get,
=
or, = 2.36025 ÷ 0.042
Therefore, I am willing to pay today to purchase one share of the company's stock, = $56.20