Answer: c) $62.11
Explanation:
Value of stock = Next Dividend / (Required return - Growth rate)
First calculate the growth rate;
= Return on Equity * Retention ratio
= 15% * 50%
= 7.5%
Next Dividend = 2.60 * ( 1 + growth rate)
= 2.60 * 1.075
= $2.795
Value of stock = 2.795/ (12% - 7.5%)
= $62.11
Contingency.
A contingency is a condition added to a contract that must be met before the deal can be finalized. In this case if the contingency is agreed to, she will make her offer on the new home contingent on the sale of her current home meaning she will not be forced to buy if the sale of her home doesn't go through.
Answer:
d) The bank does not need to pay because of the fictitious payee rule.
Explanation:
Here, the instrument is issued to a payee who has no interest in instrument and thus it is referred as fictitious payee. According to UCC's fictitious payee rule, the indorsement to fictitious payee is not considered forgery. In this case, the maker or drawer of instrument is liable for it. The drawer bank and collecting bank both are not liable for it.
Answer:
The answer is below
Explanation:
Considering the available options, here are the attributes that characterize a competitive market, and a monopolistically competitive market.
A competitive market is characterized by Identical products and Price = MR, while Monopolistic competition is characterized by product differentiation and few sellers.
Hence, it can be written as:
Competitive markets
Product differentiation. No
Identical products Yes
Price=MR Yes
Few sellers No
Monopolistic competition
Product differentiation. Yes
Identical products No
Price=MR No
Few sellers Yes
Answer:
D. All world-class companies use ERP to integrate all company functions.