Answer: $62.50
Explanation:
The stock price of Locked-In Real Estate (LIRE) will be calculated thus:
Stock price = D /ke - g
where,
D = Dividend paid per share = $7.50
Ke = expected rate of return on equity = 12% = 0.12
g is growth rate of dividend = 0
Stock price = $7.50/0.12
Stock price = $62.5
Therefore, the stock price is $62.50
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Answer:
E) $3.00.
Explanation:
The computation of direct materials cost per equivalent unit is shown below:-
Equiavent unit with respect to material = $31,000 + $88,000 + $30,000
= 149000 units
Total direct material cost = $109,600 + $336,800
= $446,400
Direct materials cost per equivalent unit = Total direct material cost ÷ Equiavent unit with respect to material
= $446,400 ÷ 149,000
= $3 per unit
So, we have applied the above formula.
Answer:
$4,000
Explanation:
The asset's recovery period is 5 years and the half-year convention applies.
Therefore :
$20,000 ×0.20 = $4,000.
