The purchase of land by Hanover, Inc. through the issuance of long term bonds should be reported on the statement of cash flows as
significant non cash investing and financing activity that merits disclosure.
Answer:
The present value of the dividends to be paid out over the next six years if the required rate of return is 15 percent is $6.57
Explanation:
Solution:
Given that
The present value =∑ ⁿ t=1 cf/ (1 +r)t
where cf= cash flow
r =the required rate of return
t = the number of years
Now
The present value will be:
cf₁/(1+r)^1 + cf₂/(1 +)^2 + cf₃/(1+r)3 + cf₄/(1 +r)^4) + cf₅/(1 +r)^5 + cf₆/(1+r)^6
Hence,
cf₁, cf₂ cf₃ = 0 as the firm does not expect to pay dividend in the next three years
Note: Kindly find an attached document of the part of the solution to this given question
Answer:
This example shows that one of the reasons to study marketing is that it is a part of everyday life.
Explanation:
Marketing can be defined as the process through which products reach from concept to the customers. It involves the process of studying, observing and understanding the market. Market research is done to understand the needs of consumers.
There are a number of reasons it is beneficial to study marketing. For instance,
- We often come across marketing in daily life.
- Marketing graduates get a good salary.
- There is always a demand for marketing experts.
- It is a diverse career choice and provides jobs in a number of fields.
Answer:
b.$11,088
Explanation:
The computation of the interest expense is shown below
= Cash interest + discount amortized
= ($88,000 × 12%) + ($88,000 - $85,360) ÷ 5 years
= $10,560 + $528
= $11,088
Hence, the interest expense is $11,088
Therefore the correct option is b.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
