Beginning RM Inventory 96000
Add RM purchased. ?
Less ending RM Inventory 120000
Equals DRM used 490000
490000=96000+X-120000
Solve for x
X=514000
RM purchased.(X)=514000
Hope it helps!
The answer to your question is b
Answer:
r = 13.68%
Explanation:
We can use Gordon growth model to calculate the stock price.
P = Do x (1+g) / r - g
P: stock price (Given: $95)
Do: Last dividend paid ($5)
g: Dividend growth rate (8%)
r: required return (Missing value)
By inputting the number into the above equation, we have the following:
95 = 5 x 1.08 / (r - 0.08)
--> r = 13.68%
