Answer:
Price of stock= $66.19
Explanation:
The price of preferred stock is the dividend payable discounted at the required rate of return of 12%.
Price = Dividend/required rate of return
Discount the dividend to to its worth in year year 5
Price = 14/0.12= 116.666
Step 2
Discount the dividend to year o
Price of stock = 116.66× 1.12^(-5)= 66.19
Price of stock= $66.19
Answer:
Store A = $9
Store B = $8
Store C = $10
Explanation:
Finance charges calculated by average daily balance finance charges basis, adjusted balance method finance charges basis and Previous Balance Method Finance Charge basis is calculated as follows
Store A:
Average Daily Balance Finance Charge basis = ($500 + $400) /2
Average Daily Balance Finance Charge basis = $450
Finance Charges = $450 x (24% / 12)
Finance Charges = $9
Store B:
Adjusted Balance Method Finance Charge basis = $500 - $100
Adjusted Balance Method Finance Charge basis = $400
Finance Charges = $400 x (24% / 12)
Finance Charges = $8
Store C:
Previous Balance Method Finance Charge basis = $500 - $0
Previous Balance Method Finance Charge basis = $800
Finance Charges = $500 x (24% / 12)
Finance Charges = $10
Answer:
Detailed step wise solution is given below:
Answer: Periodic review system
Explanation: In simple words, it refers to the traditional inventory management system in which the inventory level is reviewed at regular intervals like once in a week or month etc.
After recording and calculating for the existing level the individual in authority decides there upon whether the inventory should be reordered or not.
In the given case, the owner checks weekly the soda machine and refills it accordingly.
Hence we can conclude that the owner is using periodic inventory system.
Instead of only meeting the goals of upper management, malcolm could have also tried to meet the goals of his team members. This is known as servant leadership.
What is servant leadership?
Servant leadership is a leadership philosophy in which the aim of the leader is to work. This differ from traditional leadership where the leader's main goal is the thriving of their company or organization. A servant leader shares power, puts the wants of the employees first and helps people develop and perform as highly as possible.
Servant leaders are very values-based and mission-driven.
Learn more about servant leadership here:
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