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3 years ago

When a 10K race has a higher purse and a steeper payout structure between rank order finishes:

Business

1 answer:

puteri [66]3 years ago

4 0

Answer:

Option C is correct

Explanation:

Because of the steep differential in the price would psychologically push the runners to run faster in order to earn the highest price.

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The risk-free rate of return is 2.5 percent; the expected rate of return on the market is 7 percent. Stock X has a beta coeffici

zvonat [6]

Answer:

Stock is overpriced/ overvalued.
Sell if you own it.
Don't buy if you don't.

Explanation:

Use CAPM to find the required return on the stock:

Required return = Risk free rate + beta * ( Market return - risk free rate)

= 2.5% + 1.3 * (7% - 2.5%)

= 8.35%

Price based on Constant Dividend Growth Model (CDGM):

Price = Next dividend / (Required return - growth rate)

Next dividend = 1.40 * ( 1 + 4%)

= $1.456

Price = 1.456 / (8.35% - 4%)

= $33.47

<em>Stock is selling for $35. It is overvalued. Don't buy the stock. Sell if you have the stock. </em>

4 0

3 years ago

Turner Corporation acquired two inventory items at a lump-sum cost of $100,000. The acquisition included 3,000 units of product

inessss [21]

Answer:

The amount of gross profit Turner Corporation should recognize is $20,000.

Explanation:

The following are given in the question:

Lump-sum cost = $100,000

Units of LF acquired = 3,000

Units of 1B acquired = 7,000

LF price per unit = $30

1B price per unit = $10

Unit of LF sold = 1,000

Therefore, we have:

Share of LF in the Lump-sum cost = (Units of LF acquired / (Units of LF acquired + Units of 1B acquired)) * Lump-sum cost = (3,000 / (3,000 + 7,000)) * $100,000 = $30,000

LF cost per unit = Share of LF in the Lump-sum cost / Units of LF acquired = $30,000 / 3,000 = $10

LF total revenue = Unit of LF sold * LF price per unit = 1,000 * $30 = $30,000

LF cost of goods sold = Unit of LF sold * LF cost per unit = 1,000 * $10 = $10,000

LF gross profit = LF total revenue - LF cost of goods sold = $30,000 - $10,000 = $20,000

Therefore, the amount of gross profit Turner Corporation should recognize is $20,000.

3 0

3 years ago

In the securitization process, A. security investors make loans to banks, who in turn make loans to households. B. banks grant

MaRussiya [10]

Answer:

Option "B" is the correct answer to the following question.

Explanation:

Under securitization, financial assets are collected through various means, the assets collected are sold as securities to investors or parties at a fixed interest rate. The process of converting loans into securities by banks is called securitization.

In the process of lending to homes, banks coverts the loans to securities and sell them to investors.

7 0

3 years ago

Andy Basil Industries Inc. reported the following information about the production and sale of its only product during the first

grandymaker [24]

Answer:

Cost of Goods Sold = $ 400,000

Explanation:

Units Sold = $360,000/ $225= 1600

Sales $360,000

Direct materials $176,000

Direct labor $100,000

Variable factory overhead $44,000

Fixed factory overhead $80,000

Total Manufacturing Costs $ 400,000

Variable selling and administrative expenses $20,000

Fixed selling and administrative expenses $10,000

Cost of Goods Sold = $ 400,000

As ending Inventory Finished Goods is 400 units it is not included in the Cost of Goods Sold.

3 0

4 years ago

Forum question 1: Do you know of a situation in which a female staff person is referred to by her first name only (e.g., “See Jo

klemol [59]

umm screw tis it is odd amd very werid but this is stupid and very dumb and stupid why fo you even bote to be on brainlt this app is good but if ypu want t answer domething like this then talk y albert einstine oh wait hes dead lol ok so the answer is noting because it is hard andery not easy you van figurit out ursepf bye lol

5 0

4 years ago