Answer:
$2,600,000
Explanation:
total shares of ming company = 500000
the dividend = 10%
10% * 500000 = 50000
stock dividend amount = 50000 share x 30 dolarrs
= 1500000
outstanding shares aftrr dividend = 500000+(500000*10%)
= 500000 + 50000 = 550,000
cash dividend = $2 per share
= 550000 * 2
= 1100000
decrease in retained earning = stock dividend + cash dividend
= 1500000 + 1100000
= $2,600,000
The use of long-term savings to earn a financial reward is called 12 years.
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I just bought shelves and I use it to store all my nail supplies
If the coefficient of demand for the SUV is 0.75 this means that it has a relatively inelastic demand (<1). This means that there is only a little change in demand when prices change. Elastic demand (>1) on the other hand has greater changes in demand when prices change; they have lots of substitutes.
So when the price of SUV rise by 15%, and it has a coefficient of 0.75, we can expect only 11.25% decrease in its demand. Still very small. This is because SUVs do not have many substitutes for it.
Formula: (x/15%)=0.75
Then simply solve for x -> x = (0.75)(0.15) = 11.25%
