accelerated filer, A company reporting requirements for five years and has an aggregate worldwide market cap of $300 million is an accelerated filer.
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A publicly traded company that, as of the end of its fiscal year, satisfies each of the following requirements:
- As of the final business day of the company's most recent completed second fiscal quarter, the total worldwide market value of the voting and non-voting common equity held by its non-affiliates (or public float) was $75 million or more but less than $700 million.
- For at least 12 months, the company has been required to report in accordance with Sections 13(a) or 15(d) of the Exchange Act.
- The business has previously submitted at least one annual report in accordance with Exchange Act Sections 13(a) or 15(d).
- The company does not meet the revenue requirements (which include those listed below), so it is not eligible for smaller reporting company status.
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Answer:
10.20%
Explanation:
According to the Gordon constant growth model :
value = D1 / r - g
D1 = next dividend = $4.25
r = required return
g = growth rate = 3%
value = $59
$59 = $4.25 / r - 0.03
4.25 / 59 = r - 0.03
0.072034 = r - 0.03
r = 0.102034
r = 10.20%
The answer is $230,000. For a manufacturing firm, cost of goods available for sale is computed by adding the beginning finished goods inventory to $230,000
