Answer:
Kate will have $2,178 more than Janice
Explanation:
The constant saving of $75 and $80 each month is an annuity payment. The Balance at the end of 20 years of a constant payment is the future value of annuity.
n = number of months = 20 x 12 = 240 months
r = Average rate = 5.5% per year = 5.5% / 12 = 0.46%
Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r
Janice
Saving per month = $75
FV = $75 x ( [ 1 + 5.5%/12 ]^240 - 1 ) / 5.5%/12 = $32,672
Kate
Saving per month = $80
FV = $80 x ( [ 1 + 5.5%/12 ]^240 - 1 ) / 5.5%/12 = 34,850.2
Difference = $34850.2 - 32,672 = $2,178
Answer:
Preference dividend = $2 x 100,000 shares x 2 years
Preference dividend = $400,000
The dividend paid to common stockholders = $600,000 - $400,000
= $200,000
Explanation:
Dividends paid on preference shares are cumulative in nature because preference shares are fixed income securities. The dividends not paid last year would be paid this year. This is the rationale behind the multiplication of preference dividend by 2 years.
The dividend paid to common stockholders is the difference between the total dividend and dividend paid to preferred stockholders.
Answer:
the amount of time the customer is in the service delivery system.
Explanation:
In the case when there is a degree of contacting the customer determined that the value of the time that the customer would be in the system that represent the delivery of the service at the time when the service is generally produced or
So as per the given situtaion, the above statement represent the answer
The answer is: activity-based management.
Answer and Explanation:
The journal entries are shown below:
Account Receivable $409,500
To Sales Revenue $367,000
To Unearned Service Revenue $42,500
(Being account receivable is recorded)
Cost of Goods Sold $310,000
To Merchandised Inventory $310,000
(Being cost of goods sold is recorded)
These two journal entries are to be recorded
