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avanturin [10]
2 years ago
8

Business studies December axam papers​

Business
1 answer:
Fudgin [204]2 years ago
5 0

Answer:

really in December

Explanation:

thx for info

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If he earns 5 percent on his money, how much must he deposit at the start of his studies to be able to withdraw $9,000 a year fo
Yakvenalex [24]

Answer:

He must deposit $24,509.23 at the start of his studies.

Explanation:

The amount to be deposited, PV is calculated as follows :

r = 5

Pmt = $9,000

P/yr = 1

n = 3

Fv = $ 0

Pv = ?

Using a Financial Calculator, the amount to be deposited, PV is $24,509.23.

6 0
3 years ago
Sweet Treats common stock is currently priced at $17.15 a share. The company just paid $1.22 per share as its annual dividend. T
nalin [4]

Answer:

9.68 percent

Explanation:

Calculation to determine the firm's cost of equity

Using this formula

Cost of equity=[(Annual dividend×Increase in dividends×/Current price of common stock]+Dividends

Let plug in the formula

Cost of equity=[($1.22 × 1.024)/$17.15] + 0.024

Cost of equity=($1.24928/$17.15)+0.024

Cost of equity=0.0728+0.024

Cost of equity=0.0968*100

Cost of equity=9.68 percent

Therefore the firm's cost of equity is 9.68 percent

8 0
2 years ago
he journal entry for adjustment of overallocated manufacturing overhead includes a​ ________. A. credit to Manufacturing Overhea
QveST [7]

Answer:

C. Credit to Cost Of Goods Sold

Explanation:

Over allocation refers to the scenario of assigning more than actual manufacturing overhead costs. This means profits would be understated in such a scenario and costs overstated.

The journal entry for adjustment of overallocated manufacturing overheads is:

Manufacturing Overheads A/C                           Dr.

      To Cost Of Goods Sold A/C

(Being rectification entry for over allocated manufacturing overheads recorded)

Cost of Goods Sold is an expense and expenses are debited. A credit to such an account reduces it's balance as in the case above.

4 0
3 years ago
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