Is there a savings account you can't touch

In one year, Hitech Microdevices will pay a common stock dividend of $4.35. You predict that you will be able to sell your Hitec

Andre45 [30]

Answer:

Price to be paid now = $52.89

Explanation:

<em>The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return. </em>

T<em>he stock would be held for just a period, hence we would use the single period return model. This is given as follows:</em>

Price now = D/(1+r) + P×(1+r)

Dividend , r - rate of return, P -year-end price of stock

Dividend = 4.35, r-16%, P- 57

Price = 4.35/(1.16) + 57/(1.16)= $52.89

Price to be paid now = $52.89

7 0

3 years ago

PB4.

EleoNora [17]

Answer:

Explanation:

Cost of advertising the product - Selling & Administrative Cost

Fabric used to make the umbrellas -Direct Materials Cost

Maintenance of cutting machines used to cut the umbrella fabric so it will fit the umbrella frame -Manufacturing overhead Cost

Wages of workers who assemble the product - Direct labour Cost

President's salary - Selling & Administrative Cost

The salary of the supervisor of the people who assemble the product - Selling & Administrative Cost

Wages of the product tester who stands in a shower to make sure the umbrellas do not leak - Direct labour Cost

Cost of market research survey - Selling & Administrative Cost

Salary of the company's sales managers - Selling & Administrative Cost

Depreciation of administrative office building - Selling & Administrative Cost

4 0

3 years ago

With ________ products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.

MatroZZZ [7]

With prestige goods and services, a higher price may, but not always, result in a higher sales volume.

<h3>What do economists mean by prestige goods?</h3>

Numerous products and services have prestige value, elevating the standing of their owners or users. Such items are referred to be prestige (or status, or positional) goods. These prestige products include things like jewelry, designer apparel, expensive homes and vehicles, and lavish entertainment.

<h3>Why is the demand curve for prestige items different?</h3>

Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances.

To know more bout Prestige products visit:

brainly.com/question/6374886

#SPJ4

8 0

1 year ago

Bramble Corp. has $3960000 of 9% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value

natta225 [31]

Answer: Credit of $217480 to Paid-in Capital in Excess of Par

Explanation:

The following information is given in the question as:

Debit: Bonds payable = $1,250,000

Debit: Premium on bonds payable = $92480

Credit: Common stock = $1,125,000

Credit: Paid in capital in excess of Par = $217480

The above were calculated as:

Common stock = ($1250,000/$1,000) × 30 × 30

= $1250 × 90

= $1,125,000

% Conversion will be:

= $1,250,000 / $3960000 = 0.32

Unamortized bond premium will then be:

= 0.32 × $289,000

= $92,480

Paid in capital in excess of par will be:

= $1,250,000 + $92,480- $1,125,000

= $217,480

Therefore, the answer will be to

"Credit of $217480 to Paid-in Capital in Excess of Par"

4 0

3 years ago

A book on how to invest in collectibles spends several weeks on best seller lists. The paperback book was originally released fo

miskamm [114]

Answer:

inelastic demand

Explanation:

Price elasticity of demand (PED) measures the proportional change in quantity demanded when the price of a product or service changes:

when a 1% decrease in price, increases quantity demanded in a smaller proportion, the PED is said to be inelastic.
when a 1% decrease in price, increases quantity demanded in a larger proportion, the PED is said to be elastic.
when a 1% decrease in price, increases quantity demanded in the same proportion, the PED is said to be unit elastic.

In this case, the decrease in price (-2%) barely increased the quantity demanded, therefore, the PED is inelastic.

4 0

3 years ago