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Answer:
The price of the stock today is $54.61
Explanation:
The stock of this company pays a constant dividend for a defined period of time after equal intervals. Thus, it is just like an annuity. To calculate the price of such a stock, we will use the present value of annuity formula:
Assuming that the dividend is paid at the end of the period.
Present Value of Annuity = Dividend * [(1 - (1+r)^-n) / r]
Where,
- r is the required rate of return
- n is the number of years of annuity
The price of the stock today is,
P0 = 8.45 * [(1 - (1+0.13)^-15) / 0.13]
P0 = $54.607 rounded off to $54.61
Answer:
Estimated manufacturing overhead rate= $18 per direct labor hour
Explanation:
Giving the following information:
Estimated manufacturing overhead for the year $ 37,080
Estimated direct labor hours for the year 2,060
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 37,080/2,060
Estimated manufacturing overhead rate= $18 per direct labor hour
Firms send information about their products or services directly to a set of targeted consumers as part of viral marketing. this process is called Direct marketing.
Direct marketing is a form of advertising dedicated to individuals or companies for the purpose of generating new business, promoting an organization or product, or selling. Direct mail, telemarketing, and email marketing are common types of direct marketing.
Direct marketing is a form of sales communication in which an organization engages directly with pre-selected customers and provides a direct response method. Among medical practitioners, it is also called direct response marketing. Advertisements, on the other hand, have mass message characteristics.
Learn more about Direct marketing here: brainly.com/question/2632159
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Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.
Explanation:
