Sugar cookies will pay an annual dividend of $1.23 a share next year. the firm expects to increase this dividend by 8 percent per year the following four years and then decrease the dividend growth to 2 percent annually thereafter. which one of the following is the correct computation of the dividend for year 7?
a. ($1.23)× (1.08)4×(1.02)4
b. ($1.23) ×(1.08 ×4) ×(1.02 ×3)
c. ($1.23) ×(1.08)4×(1.02)3
d. ($1.23) ×(1.08)4×(1.02)2
e. ($1.23) ×(1.08 ×4) ×(1.02 ×2)

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

General widgets, inc., manufactures high-quality widgets. the widget industry is mature and few innovations occur. the widgets have to be built exactly according to particular specifications provided by customers. this requires the use of controlled processes and precise measurements. the company also needs to maintain high efficiency in its production process in order to meet the market demand. for this company, stability is more important than flexibility. which of the organizational cultures is best suited for general widgets? a.) clan culture b.) modern culture c.) hierarchy culture d.) market culture

Michigan co. is currently paying a dividend of $2.00 per share. the dividends are expected to grow at 20% per year for the next four years and then grow 6% per year thereafter. calculate the expected dividend in year 5.