Answer:
The required rate of return is 12.2%
Explanation:
Dividend growth model is used to calculate the price of the stock based on the dividend, its growth and required rate of return.
Formula to calculate the price
Price = Dividend / ( Required rate of return - Growth rate )
P = D / ( r - g)
P = $11.54
D = $0.95
g = 4%
Now placing the given values in the formula
$11.54 = $0.95 / ( r - 4% )
r - 4% = $0.95 / $11.54
r - 4% = 8.2%
r = 8.2% + 4%
r = 12.2%
Answer:
The area has a major shipping port.
Explanation:
The statement above gives important economic information about the area. The fact that it has a major shipping port means that the economy of region likely revolves around the port, or that port is a significant part of the economy even if it is not the most important activity.
The shipping port likely makes the region an important trade center, because ports are essentially use to import and export goods, in other words, to trade goods.
Answer:
$143,700
Explanation:
Current assets in Sheridan Company's trial balance are;
Accounts receivable (net) = $37,000
Trading securities = $11,500
Cash = $33,000
Inventory = $58,500
Prepaid expenses = $3,700
Total current assets = $37,000 + $11,500 + $33,000 + $58,500 + $3,700
= $143,700
The right answer is not given as an option.
Answer:
a. C. The experiment consists of n identical, independent trials, where there are only two possible outcomes, S (for Success) and F (for Failure). The probability of S remains the same from trial to trial. The variable x is the number of S's in n trials.
b. A. For any young adult, the probability that they own a mobile phone with internet access is p.
c. A. In a random sample of 500 young adults Upper E left parenthesis x right parenthesis E(x) will always be the number of young people surveyed that will own mobile phones with internet access.
Explanation:
A binomial random variable is mostly used to show the number of successful results in a repeated number of binomial experiments. Thus, we can infer that the variable 'x' has the properties of a binomial random variable. The expected value of the variable 'x' is equivalent to the probability-weighted mean of all possible values of x.
Answer:
$39600
Explanation:
One year is made up of 12 months.
in oder for us to know how many months make up 3 years,we multiply 12 months by 3years and the answer is 36 months.
36months = 3years
we workout
$1,100×36 months =$39,600
This shows that, by three years David would have paid his ex-wife $39,600
