ESS is helpful for TOP MANAGEMENT.
ESS stands for Executive Support System. Like its name implies, it is a support system for executives or top management.
Top management is comprised of Board of Directors, Presidents, Vice-President, Chief Executive Officers, General Managers, and Senior Managers.
ESS provides the top management pertinent data that will help them in their decision making process.
Answer:
For year 1, present value is $9,821.43
For year 2, present value is $19,132.65
For year 3, present value is $25,624.09
Explanation:
Please refer to the attached file
Answer:
$95,000
Explanation:
The computation of the amount of dividends will common stockholders receive is shown below:
But before that first we have to determine the preference shareholder for 3 years i,e 2015, 2016 and 2017
= 15,000 shares × 9% × $100 × 3 years
= $405,000
Now the amount of dividends will common stockholders receive is
= $500,000 - $405,000
= $95,000
The intrinsic value of the stock is $29.44.
<h3>What is the intrinsic value of the stock?</h3>
The first step is to determine the value of the dividend at the end of each year:
Dividend in Y1 = 2. x 1.03 = 2.06
Dividend in Y2 = 2.06x 1.06 = 2.18
Dividend in Y3 = 2.18 x 1.04 = 2.27
Dividend after year 3 = (2.27 x 1.05) / (0.12 - 0.05) = $34.06
Now, find the present value of these dividends :2.06 / 1.12 + 2.18 / 1.12² + 2.27 / 1.12³ + 34.06 / 1.12³ = $29.44
To learn more about how to determine intrinsic value, please check: brainly.com/question/15710204
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Answer:
Specific Identification
Cost of goods sold = $8,596
Closing Inventory = $1,406
Explanation:
COGS
01 Jan 57 *44 = $2,508
05 May 82*43=$3,526
03 Nov 61 * 42 = $2,562
Total =$8,596
Closing Inventory
05 May 20*43=$860
03 Nov 13*42=$546
Total = $1,406
