Robert wants to get serious about saving for a new car. Which account would you recommend? Why?

Answer:

e) $23.89

Explanation:

To find the present value of Canine Crates shares today, based on a return rate of 13%, we must first compute the annual value derived from dividends over three years as follows

D1= The yearly dividend x 2 ( Canine Crates intends to double the dividend each year for three years

D1= $0.45 x 2 = $0.9D2= $0.90 x 2 = $1.80

D3= $1.80 x 2 = $3.60

Subsequently, we calculate the stock’s value by summing the present values of each year's dividends.

This is founded on the following formula

Dividend per year / (1+r)∧n

= Dividend per year

r = required rate

n= period

Stock value = $0.9 / (1.13) + $1.80 / (1.13)∧2 + $3.60/ (1.13)∧3

Final stock valuation = $23.89

The central limit theorem indicates that as the size of a sample increases, the distribution of sample means approaches a normal distribution, irrespective of the population’s original shape. Typically, this is valid when the population size, denoted as n, is 30 or more (which means greater than 29). The population’s skewness or normality is not a factor in this scenario. Therefore, with a sufficiently large group, the mean results from sampling will equal the population mean.

Answer: The correct option is B

Explanation:

The ethical guidelines established by a professional organization dictate the acceptable behavior for practitioners in their respective fields. Moreover, these guidelines outline penalties for any professional who violates the established codes of practice. Professionals must act impartially, maintain a high standard of honesty, and avoid misrepresenting information during their duties.

Certified Public Accountants (CPAs) are tasked with providing clients with expert financial counsel, preparing their tax submissions, and assisting them with tax filings to the relevant authorities (IRS). In this scenario, since Breslin has chosen not to reveal certain information, Martina is obligated to end their professional relationship and report Breslin to the IRS professional responsibility office. This way, if the IRS later determines that Breslin Baked Good has underpaid taxes, Martina is protected as she has notified the IRS about the issue, safeguarding herself from being implicated in the wrongdoing.

Answer:

The correct answer is option "C": copy the competitor's breakfast campaign but offer lower prices.

Explanation:

If it has been determined that the fast-food restaurant has seen a 50 percent decline in breakfast customers due to a competitor's "good-to-go" breakfast menu promotion, the fast-food chain should respond with a comparable sales strategy for the breakfast menu, lowering prices without resorting to predatory pricing. Additionally, the restaurant should explore ways to enhance the service provided by the competitor to attract consumers.

Answer:

Due to increased sales, the company’s debt will decline by 187.5 dollars

Explanation:

total income of 2,250

dividends amounting to 900

payout ratio: 900/2,250 = 0.4

income projected to grow by 5%

2,250 multiplied by 1.05 equals 2,362.5‬

retained earnings for breakeven:

2,362.5 times ( 1 - 0.4) equals 1,417.5

asset increase:

24,600 multiplied by 0.05 equals 1,230

Now we apply this to the accounting equation:

Assets = liabilities + equity

+1,230 = liabilities + 1,417.5

thus, liabilities = -187.5