All of the following use an advertising revenue model except:
A. Facebook.
B. Yahoo.
C. Google.
D. Walmart.
Answer: D
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Write a user-defined function to calculate the last dividend payment (D0) using the two-stage growth model as defined by (9-5) on page 260. The formula is:
The function should be named TwoStageDiv, and will need to accept five arguments: the initial growth rate (g1), the period of time that dividends will grow at this initial rate (n), the dividend growth rate for the remainder of time (g2), the required rate of return (kCS), and the price of the share of stock today (VCS). Use the formula to find the solution given the following data: the price of the share of stock today is $20; the initial growth rate is 15% during the first five years. The growth rate will then decline to 8% indefinitely. The required rate of return is 12%.
A(n) _______ call is a call in which the caller hangs up before an analyst answers.
Fill in the blank(s) with the appropriate word(s).
A company had revenues of $61,500 and expenses of $47,000 for the accounting period. Dividends of $6750 were paid in cash during the same period. Which of the following entries could not be a closing entry?
A. Debit Income Summary $14,500; credit Retained earnings $14,500. B. Debit Revenues $61,500; credit Income Summary $61,500. C. Debit Retained earnings $6750, credit Dividends $6750. D. Debit Income Summary $47,000, credit Expenses $47,000. E. Debit Income Summary $61,500; credit Revenues $61,500.
Sierra Event Planning Services, Inc. records deferred expenses and deferred revenues using alternative treatments. It makes adjusting entries as needed to bring its books to the full accrual basis once a year at the end of the year On December 15, it collected $1,000 from a customer in advance for a series of events that will start late December and end in March. At the end of the year, it had performed approximately 10% of the services for its customer. The adjusting entry on December 31 will include a debit to Service Revenue for $900.
Indicate whether the statement is true or false