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mixas84 [53]
3 years ago
14

Goode Inc.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. Goode's dividend is expected to g

row at a constant rate of 7.00%. What was the last dividend, D0?
Business
1 answer:
Alchen [17]3 years ago
6 0

Answer:

1.05

Explanation:

Price - 25.00

Required - 11.50%

Growth Rate- 7%

To calculatethe last dividend, we will apply the formula below;

(Price*(Required-Growth Rate))-Growth Rate

Substituting the values in the formula, we have;

(25*.045)-.07 = 1.055

Hence the last dividend is 1.05

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Gross Earnings are the same as:
meriva
Gross income, or gross profit I think
8 0
2 years ago
Miramar Industries manufactures two products, A and B. The manufacturing operation involves three overhead activities - producti
PolarNik [594]

Answer:

General overhead= $3.81 per direct labor hour

Explanation:

Given the following information:

General Overhead $80,000 Number of direct labor hours

Number of direct labor hours 9,000 12,000= 21,000

<u>To calculate the activity rate, we need to use the following formula:</u>

Activity rate= estimated costs / total amount of allocation rate

General Overhead= 80,000 / 21,000

General overhead= $3.81 per direct labor hour

8 0
2 years ago
An inventory loss from market decline of $1,200,000 occurred in May 2015, after its March 31, 2015 quarterly report was issued.
JulsSmile [24]

Answer:

The answer is:

The inventory loss should be recorded entirely in the second quarter that ends in 6/30/2015 since losses have to be recorded as soon as the company recognizes them. The other quarters should not reflect any of the losses associated with this event.

Explanation:

The accrual accounting principle states that accounting transactions have to be recorded in the period when they actually happen. The conservatism principle states that liabilities and losses have to be recorded as soon as they are recognized.

8 0
3 years ago
PLEASE HELP RECORD THIS ENTRIES IN THEIR RESPECTIVE JOURNALS
julsineya [31]
Yess i need help on this too
3 0
3 years ago
Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.
Ivan

Answer:

  910.18

Explanation:

After Chin's down payment the amount borrowed is ...

  (1 - 20%)($180,000) = 0.80·$180,000 = $144,000

The amount of the payment is given by the amortization formula ...

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

for P borrowed at rate r for t years, compounded n times per year.

  A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18

The monthly loan payments will be 910.18.

6 0
3 years ago
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