Tax on imported goods used by governments to reduce imports and protect domestic industries. T/F

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vodomira [7]

Answer:

what do you call 2 Mexicans playing basketball

Explanation:

btw it's a dad joke

4 0

3 years ago

You've started using the sq3r method of learning. after surveying a reading assignment, you go to the next step, which does this

Blababa [14]

You've started using the sq3r method of learning. after surveying a reading assignment, you go to the next step, <span>Reading the headings and turning them into question.</span>

4 0

3 years ago

Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transaction

valentinak56 [21]

Answer:

Total Stockholders' Equity = $2,334,370

Explanation:

Note: See the attached excel file for the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018 with all the formulae used.

In the attached excel file, the retained earnings is calculated as follows:

Retained earnings = Net income – Common dividends - Preferred dividends = $149,000 - $94,000 - $1,330) = $53,670

From the attached excel file, we have:

Total Stockholders' Equity = $2,334,370

Download xlsx

6 0

3 years ago

Investment interest expense includes:

Oksana_A [137]

Answer:

A)) interest expense from loans to purchase corporate bonds and interest expense from loans to purchase stocks.

Explanation:

An investment interest expense can be regarded as any amount of interest which is been paid on proceeds of loan that is been used in purchasing investments or securities. investment interest expense can be regarded as been deductible under some particular circumstances.

It should be noted that investment interest expense include;

✓interest expense from loans to purchase corporate bonds

✓ interest expense from loans to purchase stocks.

8 0

3 years ago

Eastern Electric expects to pay a dividend of $1.69 per share next year and sells for $24 a share. a. If investors believe the g

jonny [76]

Answer:

a. 9.04%

b. 4.96% approx.

c. 10%

Explanation:

a. As per dividend growth model,

Required rate of return = $\frac{D_{1} }{P_{0} } \ +\ g$

wherein, $D_{1}$ = Next year expected dividend

$P_{0}$ = Current market price of a share as on today

g = Annual growth rate in dividend ( in percentage)

r = Rate of return or cost of equity

Hence, required rate of return (r) = $\frac{1.69}{24} \ +\ .02$ = 9.04%

b. R = 12%

$P_{0}$ = $24

$D_{1}$ = $1.69

Then, using the above formula, we have,

.12 = $\frac{1.69}{24} \ +\ g$

⇒ g = 4.96 % approx

c. g = 3%

Retention ratio (b) = 30%

Hence dividend payout ratio = 1 - 30 = 70%

g = b × r

.03 = .3 × r

⇒ r = 0.1 or 10%

Hence, rate of return earned by the firm on its's new investment is 10%.

8 0

3 years ago