As per the dividend distribution model, the cost of equity = D1/P0 + g
where D1 = next year's dividend = 1.10
P0 = Current stock price = 21.80
g =growth rate = 4.5% =0.045
Cost of equity = 1.10/21.80 + 0.045 = 0.095458 = 9.5458% = 9.55%(Rounded)
Answer:
Sun Devil Hair Design Journal entries
Feb. 2
Dr Advertising expense 70p0
Cr Cash 700
Feb. 7
Dr Supplies 1,300
Cr Accounts payable 1,300
Feb. 14
Dr Cash 2,900
Cr Service revenue 2,900
Feb. 15
Dr Salaries expense 900
Cr Cash 900
Feb. 25
Dr Accounts receivable 1,000
Cr Service revenue 1,000
Feb. 28
Dr Utilities expense 300
Cr Cash 300
Explanation:
No further explanation was been given in this question.
After Hurricane Sandy, FEMA (the Federal Emergency Management Agency) advertised on a New Jersey radio station how people affected by the hurricane could file for assistance. In the political marketplace, the decision-makers in FEMA are best characterized as bureaucrats. This is further explained below.
<h3>What are
bureaucrats?</h3>
Generally, Officials who operate in a huge administrative system are called bureaucrats.
In conclusion, Federal Emergency Management Agency (FEMA) advertised on a New Jersey radio station how residents impacted by Hurricane Sandy may apply for aid after the storm. FEMA's decision-makers are best described as bureaucrats in the political marketplace.
Read more about bureaucrats
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Answer:
$3840
Depression (Major Recession)
Explanation:
In the problem above, if there is a shift in demand as a result of a change in income which moves the economy to point F. There will be a production of a Real GDP of approximately $3840 billion. Due to the change in the equilibrium position, the economic system will be a major recession which is also known as depression. This occurs because there is loss of customer confidence.
