1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
crimeas [40]
3 years ago
6

Craftwell Inc. pays a​ $0.75 dividend every quarter and will maintain this policy forever. What price should you pay for one sha

re of common stock if you want an annual return of​ 10.5% on your​ investment?
Business
1 answer:
Advocard [28]3 years ago
3 0

Answer:

Quarterly dividend (D) = $0.75

Annual return (Ke) = 10.5% = 0.105

Quarterly return = 0.105/4 = 0.02625

Current market price = <u>Quarterly dividend</u>

                                       Quarterly return

                                   =<u> $0.75</u>

                                       0.02625

                                  = $28.57

Explanation:

Current market price is the ratio of quarterly dividend paid divided by quarterly return.

You might be interested in
Which economic system supports government control of major basic industries but allows a high degree of personal and economic fr
Artemon [7]

Answer:

mixed economic system

Explanation:

3 0
2 years ago
Roger works as a sales manager for Hi-Tech Solutions, a company that performs software consulting services. While working for Hi
son4ous [18]

Answer:

B, disgorgement

Explanation:

Funds that were received through illegal or unethical business transactions are disgorged, or paid back off.

6 0
2 years ago
On January 1 of the current year, Anna and Jason form an equal partnership. Anna contributes $50,000 cash and a parcel of land (
VLD [36.1K]

Answer:

Option (C) is correct.

Explanation:

Given that,

Anna contributes = $50,000 of cash

Parcel of land:

Adjusted basis = $100,000

Fair market value = $150,000

The contributions are free from taxes and carryover basis is applicable; thus 100,000 basis in the land plus 50,000 cash basis.

Therefore,

Anna's tax basis for her partnership interest :

= Adjusted basis + Cash contribution

= $100,000 + $50,000

= $150,000

Hence, Anna has a $150,000 tax basis for her partnership interest.

6 0
3 years ago
After evaluating Null Company’s manufacturing process, management decides to establish standards of 2 hours of direct labor per
dolphi86 [110]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

After evaluating Null Company’s manufacturing process, management decides to establish standards of 2 hours of direct labor per unit of product and $15.50 per hour for the labor rate. During October, the company uses 11,500 hours of direct labor at a $180,550 total cost to produce 6,100 units of product. In November, the company uses 22,500 hours of direct labor at a $355,500 total cost to produce 6,500 units of product.

October:

Direct labor efficiency variance= (SQ - AQ)*standard rate

Direct labor efficiency variance= (12,200 - 11,500)*15.50= 10,850 favorable

Direct labor price variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor price variance= (15.5 - 15.7)*11,500= 2,300 unfavorable

Total variation= 10,850 - 2,300= 8,550 favorable

November:

Direct labor efficiency variance= (SQ - AQ)*standard rate

Direct labor efficiency variance= (13,000 - 22,500)*15.5= 147,250 unfavorable

Direct labor price variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor price variance= (15.5 - 15.8)*22,500= 6,750

Total variation= 154,000 unfavorable

4 0
3 years ago
Which kind of listing gives one broker the right to sell, but allows the owner to sell the property and not owe a commission to
Veseljchak [2.6K]

Answer:

Exclusive Agency Listing

Explanation:

For this type of listing, the broker represents the real state seller. However, the seller <u>has the right</u> to sell the property by themselves. If the property were to be sold by <em>other means</em> different that the broker's, the agency will not receive a commision from the seller.

5 0
3 years ago
Other questions:
  • Barredo Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its aver
    6·1 answer
  • Individuals can now use the internet to publicly editorialize about the news through:
    7·1 answer
  • Why is sustainable tourism important
    11·1 answer
  • For an organization to grow its market share, it must: a.advertise using multimedia b.lower prices c.exceed minimum standards of
    15·1 answer
  • Hunter Company reported a net loss of $12,000 for the year ended December 31, 2017. During the year, accounts receivable decreas
    11·1 answer
  • Urfa, like much of southeast Turkey, has an economy based primarily on what economic activity?
    13·1 answer
  • Htc started as an original equipment manufacturing firm (oem) for brand-name mobile device companies. later, it started offering
    6·1 answer
  • In 2001, HP acquired Compaq. The merger had an impact on two different markets: desktop PCs and servers. Pre-merger market share
    8·1 answer
  • Dont write down but what does ENOLA spell backwards thank me if you got it right
    8·2 answers
  • ______ is a nonprofit organization that recruits and selects college graduates from universities to serve as teachers in low-inc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!