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castortr0y [4]
3 years ago
14

Credit and debit

Business
2 answers:
MrRissso [65]3 years ago
6 0

Answer:

Motorcycle A/c Dr. 65,000

To Cash A/c 65,000

Motorcycle is asset

asset will be Dr. when increase

Cash is asset and

asset will be Cr. when decrease

buying motorcycle from cash,

Motorcycle coming cash going

Motorcycle → Debit

Cash → Credit

VLD [36.1K]3 years ago
5 0

Answer:

Motorcycle - Dr.(Debit)

Cash - Credit (Cr.)

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Perine, Inc., has balance sheet equity of $5.4 million. At the same time, the income statement shows net income of $783,000. The
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The target stock price in one year is $149.93

Explanation:

Fly Away, Inc., has

Balance sheet equity of (E) = $ 5,400,000

Also, the income statement shows net income of (NI) = $783,000.

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We need the expected EPS at the end of next year and not this year.

EPS this year, E₀ = NI / N

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Retention Ratio, "R" = 1 - Dividend payout ratio = 1 - D/NI

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                                 = 1 - 56.00%

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Return on equity, ROE = NI / E

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                                     = 14.50%

Growth rate in earnings, g = R x ROE

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= $ 8.33

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