Answer: $7,716.76
Explanation:
Ian's friend will have to pay a specific annual payment per year so this is an annuity.
The $25,000 is the present value of the payments.
25,000 = Annuity * Present Value interest factor of Annuity, 9%, 4 years
25,000 = Annuity * 3.2397
Annuity = 25,000/3.2397
= $7,716.76
Answer:
A society could achieve a higher level of productivity if:________
b. it takes advantage of each individual's comparative advantage.
Explanation:
In the same way that nations can achieve higher levels of productivity if each nation takes advantage of its comparative advantage in production, individuals in the society can help it to achieve a higher level of productivity if each individual takes advantage of her or his comparative advantage. This economic concept calls for specialization in the fields where one has comparative skills that are better than others'. This implies that one can deploy resources and skills to achieve more in a specialized field than being a jack-of-all-trades.
Answer:
(a) $16,000
(b) $12,000
Explanation:
Given that,
Shares of common stock issued = 4,000
Shares of preferred stock issued = 500
Preferred stock is cumulative, $100 par, with an 8% dividend rate.
Total dividend declared = $28,000
(a) Dividend for the year 2015:
= shares issued × Par value × Dividend rate
= 500 × $100 × 8%
= $4,000
Arrear for the three years:
= Dividend for the year 2015 × No. of years
= $4000 × 3
= $12,000
Therefore, the dividend paid to preferred stockholder's:
= Dividend for the year 2015 + Arrear for the three years
= $4,000 + $12,000
= $16,000
(b) Dividend paid to common stockholder's:
= Total dividend paid - Dividend paid to preferred stockholder's
= $28,000 - $16,000
= $12,000
Answer:
Dividend yield ratio.
(a) Market price per share
(e) Common dividends per share
Explanation:
The formuls it's
Cash Dividends per Share (Common)
================================= = DIVIDEND YIELD
Market Value per Share (Common)
As the outstanding shares are the same, it is only necessary to divide the value of the dividend per share by the market price of the outstanding shares.
Answer:
Haagen-Dazs vanilla bean ice cream
Explanation:
Demand is said to be most elastic if a slight change in price leads to a drastic change in quantity demanded. Normal goods are least elastic as increase in price does not lead to tremendous decrease in price.
However, luxury goods are most elastic as these goods are preferred when their prices are lower. They are not essential. As such, demand falls drastically in case of rise in price. So, Haagen-Dazs ice cream would have most price elasticity as this is a luxury good and rest of the items are normal goods.
