Answer:
$11.98
Explanation:
A share of common stock just made a dividend payment of $1.00
The expected long-run growth rate of for this stock is 5.4%
= 5.4/100
= 0.054
The investors required rate of return is 14.2%
= 14.2/100
= 0.142
The first step is to calculate the dividend year 1(D1)
D1= Do(1+g)
= 1(1+0.054)
= 1×1.054
= $1.054
Therefore, the stock price can be calculated as follows
Po= D1/(rs-g)
= 1.054/(0.142-0.054)
= 1.054/0.088
= $11.98
Hence the Stock price is $11.98
Answer:
D. Piecework
Explanation:
Piecework compensation is a situation where a worker is paid per unit of output he produce.
Piecework refers to a payment schedule in which an employee is paid a fixed rate for each unit of production produced. It is a payment common to temporary or ad-hoc staffs. The amount earned by a worker depends on the quantity of goods produced.
Piecework pay encourages employees to work more so they can earn more. It also helps a firm to increase output because workers will produce more units to increase their pay.
The disadvantage of piecework pay is that the quality of the product might decrease since workers focus more on quantity produced.
Piecework pay can be calculated by multiplying piece rate per unit by number of units produced.
That is,
Piecework Pay = piece rate per unit x number of units produced
Answer:
minimum call objective
Explanation:
For Victor, the sale of the less expensive ready-made profile sander is his minimum call objective. This term refers to the first basic business purpose that the sales-person has to accomplish in order for their sales pitch to be considered a success. Therefore since Victor is willing to accept selling the less expensive sander when making the call then that is his minimum call objective.
Answer:
Theoretically, the bank should be immune to bank runs and financial crises. A narrow bank just receivers deposits and manages them. It does not borrow money, so the deposits should be safe and available when required by the customers. The problem with this type of banks is that the only way they can make a profit is by charging depositors a fee instead of paying interest rates.
Explanation:
