Classify the following company's strategy as price or nonprice competition.

Business

1 answer:

Tanzania [10]4 years ago

4 0

A car shop says they have the lowest prices on the block.

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For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. During

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Answer:

Warren’s actual return on plan assets is $219,908

Explanation:

Year-end plan assets = plan assets at the beginning of the year x (1+ rate of investment) + benefits paid - contributions to the pension fund

⇔ $2,000,000 = $1,780,000 *(1+ rate) + $200,000 - $120,000

⇔ 1,920,000 = 1,780,000* (1 +rate)

-> rate = 1,920,000 / 1,780,000 - 1 = 7.86%

The interest on this investment = plan assets at the beginning of the year x rate of investment

= $1,780,000 * 7.86% = $139,908

Actual return on plan assets = interest on investment + benefits paid - contributions to the pension fund

= $139,908 + $200,000 - $120,000 = $219,908

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Flex Co. just paid total dividends of $1,100,000 and reported additions to retained earnings of $3,300,000. The company has 725,

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Answer:

$105.60

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Given: Total dividend paid= $1100000.

Retained earning= $3300000.

Number of outstanding shares= 725000.

PE ratio= 17.4 times.