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MA_775_DIABLO [31]
4 years ago
9

Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.55 every year in perpetuity. If the

required return is 3.74 percent, what is the current stock price?
Business
1 answer:
Ymorist [56]4 years ago
4 0

Answer:

$94.92 is the correct answer

Explanation:

Given, Annual dividend = $3.55

Required return = 3.74%

The calculation of current stock price is as follows:

The current stock price = Annual Dividend / required return

= $ 3.55 / 3.74%

= $ 94.919786

= $ 94.92

Hence the correct answer is $ 94.92

Note: The answer is rounded off to two decimal places.

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A company implements an enterprise resource planning application to help improve its financial and operational reporting while g
Mekhanik [1.2K]

Answer: Change management

Explanation:

By nature, people are resistant to change. This is pronounced in situations where an organization introduces new process, systems or technology. A new project which may have the potential of making a business more efficient or more profitable will not achieve this goal unless staff adopt it.

A specialist who is familiar to the resistance normally developed to such changes can help make the transition from the old to the new system successful by addressing concerns, answering questions, training and documenting the process.

7 0
4 years ago
For​ 2018, Winters Manufacturing uses machineminushours as the only overhead costminusallocation base. The direct cost rate is $
valina [46]

Answer:

Profit margin  =  $3 per unit

Explanation:

<em>The profit margin earned is the difference between selling price and the manufacturing cost</em>

Manufacturing cost per unit = variable cost + fixed overhead cost per unit

overhead absorption rate = estimated overhead/estimated machine hours

                                             =$220,000/20,000 machine hours

                                           = $11 per hour

Manufacturing cost per unit = 2 + (11 × 2) = $24 per  unit

Profit margin  = 27 - 24

                        = $3 per unit

5 0
4 years ago
The consumer wi-fi-service providers’ market is best described as a
Vera_Pavlovna [14]

Answer:

The correct answer is: differentiated oligopoly.

Explanation:

The consumer wi-fi service provider's market is a differentiated oligopoly. There are few firms in the market, these firms provide differentiated wi-fi plans.  

The firms are interdependent on each other and the market decision of each firm affects its rivals. There is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.

7 0
3 years ago
Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods
Ipatiy [6.2K]

Answer:

Direct material price variance =$10,160 unfavorable

Explanation:

<em>Direct material price variance occurs when the actual quantity of materials are purchased at an actual price per unit higher or lower than the standard price.</em>

Direct material price variance                                            $

50,800 pounds should have cost (50,800× $2)      =   101,600

but did cost                                      (50,800× $2.20) = <u> 111,760</u>

Direct material price variance                                        <u> 10,160  unfavorable</u>

Direct material price variance =$10,160 unfavorable

7 0
3 years ago
A company wants to set up a new office in a country where the corporate tax rate is: 15% of first $50,000 of taxable income; 25%
Pavlova-9 [17]

Answer:

Total tax payable is $46430

Explanation:

We have given total gross revenue = $500000

Total cost = $300000

Allowable tax deduction = $30000

Startup tax credit = $8000

Total taxable income = Total revenue - ( total cost +total deduction + startup credits)

= $500000 - ($300000+$30000+$8000) = $162000

Now total tax =(0.15\times 50000+0.25\times 25000+0.34\times 25000+0.39\times 62000)=$46430

Therefore total tax payable = $46430

5 0
3 years ago
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