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3 years ago

Self-imposed budgets typically are:

Business

1 answer:

Pepsi [2]3 years ago

3 0

Answer:

C. subject to review by higher levels of management in order to prevent the budgets from becoming too loose.

Explanation:

Self-imposed budgets typically are subject to review by higher levels of management in order to prevent the budgets from becoming too loose.

Self-imposed budget also known as the participative budget is a type of budget where individuals having responsibility for controlling costs, prepares their own budget estimates and present them to the top level of management for review.

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The risk-free rate of return is 5.5%, the expected rate of return on the market portfolio is 17%, and the stock of Xyrong Corpor

Katen [24]

Answer:

1. $12.31

2. -11.96%

Explanation:

a) Calculation to determine the intrinsic value of a share of Xyrong stock

First step is to calculate the Required Return

Using this formula

Required Return = Risk-free Rate + [Beta * (Expected Market Return - Risk-free Rate)]

Let plug in the formula

Required Return= 5.5% + [2.7 * (17% - 5.5%)]

Required Return= 5.5% + 31.05% = 36.55%

Second step is to calculate g using this formula

g = ROE * (1 - Payout Ratio)

Let plug in the formula

g= 18% * (1 - 0.25)

g= 13.5%

D0 = EPS0 * Payout Ratio = $10 * 0.25 = $2.50

P0 = [D0 * (1 + g)] / [r - g]

= [$2.50 * (1 + 0.135)] / [0.3655 - 0.135]

= $2.8375 / 0.2305 = $12.31

b). Holding Period Return = [P1 + D1 - P0] / P0

= [$8 + $2.8375 - $12.31] / $12.31 = -$1.4727 / $12.31 = -0.1196, or -11.96%

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Calculate the value of a bond that matures in 16 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 13

spayn [35]

Answer:

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Explanation:

We use the present value formula which is shown in the attachment below:

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