Answer:
$2.48
Explanation:
This morining a stock was purchased.
The stock just paid an annual dividend of $3.10 per share
A return of 9.2% is required
= 9.2/100
= 0.092
The growth rate is 4%
= 4/100
= 0.04
The first step is to calculate today's price
= D1/(r-g)
=3.10× 1+0.04/0.092-0.04
= 3.10×1.04/0.092-0.04
= 3.224/0.052
= $62
The price at the end of year 3 can be calculated as follows
= today's price × (1+g)
= 62×(1+0.04)
= 62×1.04
= $64.48
Therefore, the capital gain can be calculated as follows
Price at the end of year 3-today's price
= $64.48-$62
= $2.48
Hence the capital gain is $2.48
Answer and Explanation:
The computation of the balance outstanding at the end of the month 2 is shown below:
Month Due balance Interest Monthly Balance Oustanding
payment Reduction Balance
1 $7,000 $210 $700 $490 $6,510
($7,000 × 3%) ($700 - $210) ($7,000 - $490)
2 $6,510 $195.30 $700 $504.70 $6,005.30
($6,510 × 3%) ($700 - $195.30) ($6,510 - $504.70)
Answer:
True
Explanation:
At the end of the manufacturing period the overhead cost applied to manufactured goods are compared to actual cost incurred.
If, Actual Overheads > Applied overheads, we say overheads are underapplied. this means the cost of goods sold has been charged too little and must be increased.
and
If, Applied Overheads > Actual overheads, we say overheads are overapplied. this means the cost of goods sold has been charged too much and must be lowered.
Two acts that the TUMI manufacturers comply with are:
- Environmental regulations
- labor and employment act
<h3>The corporate responsibility of this organization</h3>
As a result of the corporate responsibility of this business group, they are known to respect environmental laws.
This law requires them to avoid the use of chemicals and substances that are harmful to the environment.
Also the business has to comply with laws that concerns labor and employment.
Read more on corporate social responsibility here:
brainly.com/question/1373962
