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sasho [114]
3 years ago
12

Summit Systems has an equity cost of capital of 11.5%, will pay a dividend of $1.50 in one year, and its dividends had been expe

cted to grow by 7.0% per year. You read in the paper that Summit Systems has revised its growth prospects and now expects its dividends to grow at a r of 4.0% per year forever.
a. What is the drop in value of a share of Summit Systems stock based on this information?
b. If you tried to sell your Summit Systems stock after reading this news, what price would you be likely to get?
Business
1 answer:
Anni [7]3 years ago
5 0

Answer:

Explanation:

Ok

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Pick a side and argue for or against raising the minimum wage. Use your knowledge of price floors and find an article to back up
MrRissso [65]

Given statement:

If the minimum wage from 1961 had been adjusted for inflation, it would be $22 per hour today. The Massachusetts minimum wage will rise to $15 an hour over five years, and a new paid family and medical leave program will be introduced, under a bill Gov. Charlie Baker signed into law. Massachusetts is now the third state — after California and New York — with a pay floor on the way to $15 an hour. The Massachusetts Budget and Policy Center, which advocates for higher minimum wages, has estimated that a quarter of the Massachusetts workforce — about 840,000 workers — would see raises as a result of a $15 minimum wage by 2023. Opponents of higher minimum wages say they just increase labor costs, which force employers to then raise prices and/or cut other wages, benefits or jobs. Some proponents of higher pay floors also worry about the untested $15 minimum in locations outside high-cost labor markets. The new law will also raise the minimum wage for tipped workers, over five years, to $6.75. In addition, the measure — over the same five years — phases out time-and-a-half pay for Sunday and holiday hourly workers. Massachusetts and Rhode Island are the only states that mandate time-and-a-half for Sunday workers.

Explanation:

NEED OF INCREASE IN THE MINIMUM WAGE PER HOUR IS BASICALLY FOR :

  • Most skilled workers— which are widely considered middle-class jobs are struggling today to get by with less than $15 an hour and gaining from a minimum wage of $15.
  • A 35-year-old woman with certain high-school courses, who is fully active, would benefit from a minimum wage of $15.
  • The advantages of gradually reducing the minimum wage by $15 by 2024 are broad, raising wages for the tens of million workers and reversing increasing inequality in terms of pay for decades.

Raise in the minimum wage because,

  • Grading the national minimum wage to 15 dollars by 2024 would increase the pay of nearly 40 million workers, representing 26.6% of U.S. staff.
  • Affected workers who work every year earn 3000 dollars per year extra— enough to make an enormous difference in the lives of an early teacher, accountant, or fast-food workers who are unable to get to 20,000 dollars per year today.
  • The minimum wage in America would be risen to $15 by 2024 for 2/3 (67.3 percent) of the working poor of America.
  • A $15 minimum wage will start reversing the increasing pay gap between low-paid and middle class decades. Growing disparity between women at the middle and the bottom of the wage distribution since 1979 reflects, for example, the inability to increase the minimum wage sufficiently since 1979.4 .
  • In 2024, a minimum salary of 15 dollars would provide employees with $120 billion in higher pay and help their neighborhoods too. As lower-paid workers spend a large proportion of the extra revenues, this wage injection will help boost the economy and stimulate increased business activity and growth in employment.

The principal benefit is that the country's economy as a whole will gradually grow. In all opportunities and in all changes, the country must rise together.

4 0
3 years ago
Which type of evidence serves to substantiate the distinct set of elements whose commission or omission must be demonstrated to
monitta
<span><span>If these were the missing choices:
A)Crime scene documentation.
</span><span>B)Associative evidence.
</span><span>C)The rule of detail.
</span><span>D)<span>Corpus delicti evidence.
</span></span></span><span>
My answer is D. Corpus delicti evidence.

Corpus delicti evidence
is the type of evidence that serves to substantiate the </span><span>set of elements whose omission or commission must be demonstrated to have occurred in order to prove a criminal offense.

Corpus delicti is in Latin. It refers to the body of an offense. One can't be convicted of a crime is there is no physical evidence of a crime. 
</span>
6 0
3 years ago
Broker Bill has several agents in his employ. Agent Smith, an "S-Corporation" himself, has his commission checks written out to
algol [13]

Answer:

C. managing broker over Agent Smith

Explanation:

a managing broker is someone is  held liable over the actions of another broker office or agency that act on the managing broker's behalf. Thse office or agnecy are allowed to act without direct order from the managing broker, but managing broker will be the one that receive all the consequences.

All the profit that is made by managed entity (in this context agent smith) will have to goes to managing broker first and the managing broker will share the profit on a private term with Agent Smith.

In return, the managing broker will have to ensure that all of the agents that he/she has under disposal have to follow the compliance rule that is made by the government. He will manage the licence and annual tests of the agents in order to ensure consumer safety.

3 0
3 years ago
Athena Company provides employee health insurance that costs $15,400 per month. In addition, the company contributes an amount e
Vladimir [108]

Answer:

The entry to record accrued benefits would be a Debit to Employee Benefits Expense of $21,560

Explanation:

In order to calculate The entry to record the accrued benefits for the month we would have to calculate the following formula:

Accrued Benefits=  Health Insurance Cost+  (Gross Salary × Percentage Contributable)

Accrued Benefits=$15,400+($154,000×4%)

Accrued Benefits=$15,400+$6,160

Accrued Benefits=$21,560

The entry to record accrued benefits would be a Debit to Employee Benefits Expense of $21,560

6 0
3 years ago
A property contains 2.4 acres and is worth: A. $155,000 as single home site B. $85,000 per unit as a site for a duplex and C. $6
puteri [66]

Answer:

The best use is the duplex

Explanation:

The first possible use value, as a single home, is already given in the question: $155.000.

For the retail site, we have $60,000 per acre and 2.4 acres:

$60,000 x 2 + $60,000 x 0.4

=$144,000

A duplex has two units, and the value is $85,000 per unit:

$85,000 x 2 = $170,000

Therefore, the duplex gives the highest possible value of use to the 2.4 acres.

7 0
4 years ago
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