Answer:
$12.5
Explanation:
Given that,
Annual dividend paid = $1.50 per share
Equity cost of capital = 12%
The value of a share of NoGrowth's stock is determined by dividing the annual dividend paid by the equity cost of capital of the firm.
Value of share:
= Annual dividend paid ÷ Equity cost of capital
= $1.50 per share ÷ 0.12
= $12.5
Therefore, the value of a share of NoGrowth's stock is closest to $12.50.
Unemployment is the art of being jobless. Unemployment rate is the number of people unemployed as a percentage of labor force where the labor force include those unemployed plus those in paid or self employment. There are several types of unemployment including, seasonal , cyclical, structural and frictional unemployment among others. In this case, cyclical employment involves layoffs during recessions.
Answer and Explanation:
The preparation of the multiple-step income statement is shown below:
Net Sales $2,415,700
Less: Cost of goods sold $1,314,300
Gross profit $1,101,400
Less: Operating expense -$736070
Operating income $365,330
Other revenue
Add: Interest revenue $31,590
Other expense
Interest expense $74,650
Loss on disposal of plant assets $18,990 $93,640 -$62,050
Net income $303,280
Answer:
Compound Interest works in a continuous pattern.
The formula is x = 100*(1.09)^y
x = the amount received after interest.
y = the number of years
x = 100*(1.09)^9
x = $217.19
It would take 9 years for the initial deposit to reach $200
Answer:
d. strategic alliance.
Explanation:
A strategic alliance -
It is the practice between any two companies , which gives both of them some mutual profit by working on a common project , is known as a strategic alliance .
The idea behind starting a strategic alliance is to improve or expand the company in the upcoming market , this can be a short term or a long term agreement plan .
This agreement tends to benefit both the company .
