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3 years ago

Question 7

Business

1 answer:

elena-14-01-66 [18.8K]3 years ago

6 0

Today's share price for CCN is $16.67

Today's share price for CCN can be determined using the Gordon constant dividend growth model

The Gordon growth model is used to determine the value of the share of a firm using the value of its dividend with the assumption that the firm grows at a constant rate.

The formula of the Gordon constant dividend growth model :

price = d1 / (r - g)

d1 = next dividend to be paid = $0.50

r = cost of equity = 12%

g = growth rate = 9%

0.50 / (12% - 9%)

0.50 / 3%

0.50 / 0.03

= $16.67

A similar question was answered here: brainly.com/question/15023105?referrer=searchResults

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In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 320 units at

Sidana [21]

Answer:

(a) $1,760

(b) $1,100

Explanation:

Given that,

Skysong, Inc. made three purchases of merchandise:

(1) 320 units at $5

(2) 420 units at $7

(3) 520 units at $8

Units on hand at the end of the period = 220

(a) Under FIFO method,

cost of ending inventory:

= Units on hand at the end of the period × $8 (From the last purchase)

= 220 × $8

= $1,760

(b) Under LIFO method (Comprise units from the first purchase),

cost of ending inventory:

= Units on hand at the end of the period × $8 (From the first purchase)

= 220 × $5

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8 0

3 years ago

On April 1, Holton Company borrows $100,000 from West Bank by signing a 6-month, 6%, interest-bearing note.

topjm [15]

Answer:

A. Dr Cash $100,000

Cr Notes Payable $100,000

B. Dr Interest expense $1,500

Cr Interest Payable $1,500

Explanation:

a Preparation of the entry on April 1 when the note was issued.

Dr Cash $100,000

Cr Notes Payable $100,000

(To record note issued)

B. Preparation of any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements

Dr Interest expense $1,500

Cr Interest Payable $1,500

($100,000 x .06 x 3/12)

8 0

3 years ago

Please help!!! I need help ASAP!

34kurt

Hi!

The answer to your question should be B. Pays the difference of the current value to the amount you owe.

5 0

3 years ago

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

ruslelena [56]

Answer:

75,000 equivalent units

Explanation:

Calculation to determine What were the equivalent units of production for conversion costs for the month of March

First step is to calculate completed and transferred units

Completed and transferred units =5,000 + 70,000 − 25,000

Completed and transferred units = 50,000

Now let determine the equivalent units for direct materials cost

Using this formula

Equivalent units for direct materials cost =100% of the completed units + 100% of the ending inventory

Let plug in the formula

Equivalent units for direct materials cost= (50,000 × 100%) + (25,000 × 100%)

Equivalent units for direct materials cost=50,000+25,000

Equivalent units for direct materials cost=75,000

Therefore the equivalent units of production for conversion costs for the month of March is 75,000

3 0

3 years ago

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shusha [124]

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If it were you stealing the cattle then I guess you could make a case for self interest.

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3 years ago