Answer:
Option (d) 9.59%
Explanation:
Data provided in the question:
Annual dividends paid by the Brown jug
$0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years
Now,
Present value = $0.61
Future value = $0.88
Time = 4 years [as there is no interest for the year 1]
Now,
Future value = Present value × (1 + r )ⁿ
here,
r is the geometric average dividend growth rate
$0.88 = $0.61 × (1 + r )⁴
or
(1 + r )⁵ = 1.4426
or
1 + r = 1.0959
or
r = 0.0959
or
r = 0.0959 × 100% = 9.59%
Hence,
Option (d) 9.59%
Answer:
B. Free trade limits the influence of special-interest groups
Explanation:
this statement has never been in any definition and paper related "Free trade".
Furthermore, the influence of special-interest groups still exists in free trade economy
When speculators increase the value of the dollar on the foreign exchange market, American goods become more expensive in comparison to foreign commodities, which causes aggregate demand to move to the right.
<h3>What is foreign exchange?</h3>
Exchanging currencies between nations at market rates is referred to as foreign exchange. Let's examine the definition of foreign exchange in more detail. Different nations use various currencies. Currency exchange is the process of converting one nation's currency into another. a market where one currency is traded for another; for instance, in the market for euros, euros are bought and sold and paid for using other currencies like the yen. A global marketplace for trading currencies is the foreign exchange market, or forex market. It is a decentralised market where you may purchase and sell foreign currency. The market will have over-the-counter foreign exchange rates.
To learn more about foreign exchange click,
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Answer:
Jan 01
Dr Copyright $418,000
Cr Cash $418,000
Dec 31
Dr Amortization expense—Copyright $41,800
Cr Accumulated amortization—Copyright $41,800
Explanation:
Preparation of the entries to record the purchase of the copyright on January 1 and its annual amortization on December 31.
Jan 01
Dr Copyright $418,000
Cr Cash $418,000
(To record purchase of copyright)
Dec 31
Dr Amortization expense—Copyright $41,800
Cr Accumulated amortization—Copyright $41,800
($148,000/10 years)
(To record annual amortization)
The answer is B. the cost of producing the second good or service increases.