Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of
1 answer:
You might be interested in
The amount of dividends and dividend price per share comes out to be $2,000,000 and $20 when the number of shares is assumed to be 100,000.
<h3>What are dividends?</h3>Dividends are the amounts allocated to share investors by the company up to their shareholdings. It is the amount that is first provided to preferred stock investors.
Given values:
Expected profits: $4,00,000
Increase in Retained earnings: $2,000,000
The number of shares is assumed to be 100,000.
Computation of dividend per share;
Therefore, the amount of the dividend is $2,000,000 at a share price of $20 to be paid this year.
Learn more about the dividends in the related link:
#SPJ1
Answer:
The amount at the end of 30 years is $174,952.
Explanation:
In this problem we first need to determine the future value after making A = $100 investment for n = 10 years at r = 11% per year compounded monthly.
Then we need to compute the compound interest on this future value for 20 years at 11% interest compounded annually.
The future value formula is:
The amount is compounded monthly.
The rate of interest per month is:
The number of periods is: <em>n</em> = 10 × 12 = 120 months.
Determine the future value as follows:
Thus, the amount at the end of 10 years is $21700.
Now this amount is kept the account for t = 20 years and earns an interest at the rate of 11% compounded annually.
Amount at the end of 30 years =
Thus, the amount at the end of 30 years is $174,952.