Answer: 48.9%
Explanation:
Model - - - - - - Selling price - - - - cont/margin
Youth - - - - - - $340 - - - - - - - - - - - $115
Adult - - - - - - - $870 - - - - - - - - - - - $460
Recreational - - $1060 - - - - - - - - - $510
Contribution margin per composite unit
Youth = $115 × 5 = $575
Adult = $460 × 9 = $4140
Recreational = $510 × 6 = $3060
TOTAL = $7775
Selling price per composite unit:
Youth = $340 × 5 = $1700
Adult = $870 × 9 = $7830
Recreational = $1060 × 6 = $6360
TOTAL = $15890
Contribution margin ratio per composite unit ;
($7,775 ÷ $15,890) × 100
0.4893 × 100 = 48.9%
Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.
Answer:
The maximum that should be paid for the stock today is $8.47
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
- r is the required rate of return
P0 = 0.7 * (1+0.016) / (0.10 - 0.016)
P0 = $8.466666667 rounded off to $8.47
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