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Stels [109]
3 years ago
8

Darian has decided to attend an out-of-state public four-year university. His expected expenses are shown in the table. Category

Annual Expected Expense ($) tuition $18,900 room/board $7,650 books/fees $1,475 other expenses $2,350 Darian expects to get $7,500 in grants each year. What is the minimum amount he should expect to contribute for four years at the university? $22,875 $91,500 $114,000 $151,500
Business
2 answers:
Natalija [7]3 years ago
6 0

Answer:

The answer is $91,500

Explanation:

$22,875 x 4 = $91,500.

Marysya12 [62]3 years ago
5 0
The answer is $91,500.
Working:
Total expenses per year = 18900+7650+1475+2350 = $30,375
Expenses less of grant per year = $30,375- 7500= $22,875 (this represents his annual expenditure on college with the grant)
To find out his expenditure for all four years of college = $22,875 x 4 = $91,500.
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Vicky Robb is considering purchasing the common stock of Hawaii Industries, a rapidly growing boat manufacturer. She finds that
Sergio [31]

Answer:

P0 = $51.9956 rounded off to $52.00

Explanation:

The two stage growth model of DDM will be used to calculate the price of a stock whose dividends are expected to grow over time with two different growth rates. The DDM values a stock based on the present value of the expected future dividends from the stock.

The formula for price of the stock today under this model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  + [ (D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n ]

Where,

  • D0 is the dividend today or most recently paid dividend
  • g1 is the initial growth rate which is 20%
  • g2 is the constant growth rate which is 8%
  • r is the required rate of return

P0 = 2.5 * (1+0.2) / (1+0.15)  +  2.5 * (1+0.2)^2 / (1+0.15)^2  +  

2.5 * (1+0.2)^3 / (1+0.15)^3  +

[(2.5 * (1+0.2)^3 * (1+0.08) / (0.15 - 0.08) / (1+0.15)^3)

P0 = $51.9956 rounded off to $52.00

3 0
3 years ago
Place a number, 1 through 7, in front of each of the following balance sheet categories to designate the order in which they are
blagie [28]

<u>Explanation:</u>

Classified balance sheet presents information about assets,liabilities and shareholder's equity of an entity.Order in which they are presented is as follows"

  1. Current assets-it includes cash and cash equivalents like prepaid expenses,inventories,assets held for sale.
  2. Long term investments-it includes investment made in other companies
  3. Property,plant and equipment-it includes all the fixed assets.
  4. Intangible assets-it includes assets which cannot be touched like goodwill.
  5. Current liabilities-it includes trade and other payables, accrued expenses,liabilities held for sale
  6. Long term liabilities-It includes long term loans,Deferred tax liabilities.
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3 0
3 years ago
The leaders of a religious group decided to start a life insurance organization to insure members of the religious group. The in
Vladimir [108]

Answer:

C) fraternal insurer.

Explanation:

A fraternal insurer issues fraternal life insurance which is an insurance covered by a non-profit organization that offers this service to its members.

This insurance works in a similar fashion to normal insurance policies where the insured must pay monthly fees which are called contributions in this case.

Fraternal insurance policies must be provided by fraternal benefit societies which can be religious, ethnic or vocational. Generally most fraternal insurance provide life insurance policies only, and in order to be a client you must belong to their church or group.

7 0
3 years ago
Sully Company provided the following information for last month: Production in units 3,000 Direct materials cost $7,000 Direct l
sergiy2304 [10]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Production in units 3,000

Direct materials cost $7,000

Direct labor cost $10,000

Overhead cost $9,600

Sales commission per unit sold $4

Price per unit sold $29

Fixed selling and administrative expense $7,000

First, we need to calculate the cost of goods sold:

cost of goods sold= direct material + direct labor + overhead

COGS= 7,000 + 10,000 + 9,600= 26,600

We need to make an income statement to determine the net operating income:

Sales= 29*3,000= 87,000

COGS= (26,600)

Gross profit= 60,400

Variable selling cost= (4*3,000)= (12,000)

Fixed selling and administrative expense= (7,000)

Net operating income= 41,400

4 0
3 years ago
Read 2 more answers
The CEO of Tough Mudder believes that teams in his company are not working as effectively as they could, and he is asking you fo
tresset_1 [31]

Answer:

The manager should make sure that both the task specialist and socioemotional roles are being performed on the team.

Explanation:

In the given scenario the team is split into three factions around what kinds of events to host and what kinds of customers to target, and communication is sometimes not respectful.

There is need to resolve both the social problem of disrespect and the specialist problem of having different opinions about types of events and customers to target.

As a manger it is important that socioemotional roles are performed in the group to make the factions respect themselves.

This will easily promote communication and help resolve the specialist differences the factions are having

7 0
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