As an advertising manager of a company, you have been asked to write out a proposal stating why the company should advertise and
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a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450
= $ 13100
a). Maximum amount of charitable deduction for Property Donations
= 15250 + 18375
= $ 33625
The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.
The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.
FMV stands for Fair market value.
Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.
Answer:
$105.60
Explanation:
Given: Total dividend paid= $1100000.
Retained earning= $3300000.
Number of outstanding shares= 725000.
PE ratio= 17.4 times.
First finding earning per share.
Formula;
⇒
⇒
∴
Hence, earning per share (EPS)= $6.07.
Now, finding the appropriate stock price.
Price of stock=
⇒ Price of stock=
∴ Price of stock=
Hence, $105.60 would be the appropriate price of stock.