Answer:
= $19.57
Explanation:
Price of the stock (P0) = Div1 / (r-g)
Div1 = next year's dividend = $2.25
r = required return = 12.25% or 0.1225 as a decimal
g = growth rate = 0.75% or 0.0075 as a decimal
Next, plug in the numbers to the formula;
Price (P0) = 2.25/ (0.1225 -0.0075)
Price (P0) = 2.25 / 0.115
= $19.57
Answer:
b) it is impracticable to determine some period-specific effects.
c) it is impracticable to determine the cumulative effect of prior years.
Explanation:
According to the actual normativity these are the two options more consistent with the exercise.
Answer:
Journal entry would be as:
Service Charge Fee A/c.................Dr XXXX
To Cash A/c.........................................Cr XXXX
Explanation:
The bank will debit the service charge fee as it is assessed by it to the account of the company. So, cash is going out of the company and any asset is decreasing will be credited. Therefore, the cash account is credited. And it is paid or assessed against the service charge fee. Therefore, the service charge fee account is debited.
Answer:
4,748.1
Explanation:
the commission will be obtain by multiplying the commison fee rate by thje alue of the real state:
sales x commision fee
387,600 x 7% = 27,132
Now this is split 50%
27,132 / 2 = 13,566
We now thatthe selling broker gives 35% of his commision
sales fee:
65% salesperson
35% selling person
So the selling licensee will earn:
13,566/0.35 = 4,748.1
