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Ket [755]
3 years ago
5

Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75%

per year. The required rate of return on the stock, r s, is 11.50%. What is the stock's expected price 5 years from now?
Business
1 answer:
Murrr4er [49]3 years ago
4 0

Answer:

$44.46

Explanation:

The Price of Kelly Enterprises stock after five years can be determined through below mentioned formula:

F=P(1+g)^n

In this question:

F=Price of Kelly Enterprises' stock after five years

P=Current price of Kelly Enterprises' stock=$35.25

g=growth rate=4.75%

n=Years involved=five years

F=35.25(1+4.75%)^5

F=$44.46

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Dakota Company had net sales (at retail) of $260,000.
disa [49]

Answer:

$35,860  

Explanation:

The computation of the ending inventory using the retail inventory method is shown below

Particulars                      Cost          Retail

Opening Inventory(A)   $63,800    $128,400

Purchases(B)                 $115,060    $196,800

Goods available

C=(A-B)                         $178,860     $325,200

Cost ratio

($178,860 ÷ $325,200 × 100) 55%  

Sales at retail (D)                            $260,000

End, Inventory at Retail                     $65,200

($325,200 - $260,000)

End, Inventory at Cost    $35,860  

($65,200 × 55%)

8 0
3 years ago
Mandy Ewing has been working as a veterinarian's assistant for almost a year. Her friend recently told that her employee was in
Crank

Answer:

The correct answer is letter "B": Fair Labor Standards Act.

Explanation:

The Fair Labor Standards Act or FLSA is the U.S. federal law that sets regulations on employees' payments. The FLSA aims to provide fair wages to all workers by <em>establishing minimum wages</em>, compensations for overtime work, and it also builds barriers for child labor.

6 0
3 years ago
Your first baby was born yesterday and is healthy and strong. To guard against your premature death, you want to purchase a life
jeka57 [31]

Answer:

assuming the  interest rate is = 15% the  life insurance should you should purchase = $497854.0773

Explanation:

Given that :

Annual income receipt = $58000

Assumption:

If we assume that the inflation rate π = 3% = 0.03

Also , let assume that the interest rate is = 15%  = 0.15 since it is not given too

Then the effective interest rate = \dfrac{ (i-\pi)}{(1+\pi)}

the effective interest rate = \dfrac{ (0.15-0.03)}{(1+0.03)}

the effective interest rate = \dfrac{ (0.12)}{(1.03)}

the effective interest rate = 0.1165

the effective interest rate = 11.65%

Since n = \infty

The Principal amount of how much life insurance should you purchase is;

= Annual income receipt/the effective interest rate

= $58000/ 0.1165

= $497854.0773

3 0
3 years ago
Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the _____ o
Mazyrski [523]

If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the <u>Factors of production</u> of the car-manufacturing firm.

<h3>What is Factors of production?</h3>

Factors of production can be defined as factors, inputs or resources that contributed to the production of goods and services.

Labor, land , capital as well as entrepreneurship play a major role when it comes to production of goods and service as they are the factors that contributed to the production of goods and services which in turn means that they are essential.

Therefore If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the <u>Factors of production</u> of the car-manufacturing firm.

Learn more about Factors of production here:brainly.com/question/17518033

#SPJ1

3 0
1 year ago
If the owner of business withdrawals money for personal use but in performing a bank reconciliation determines that she had negl
s2008m [1.1K]

Debit withdrawals; credit cash is the correct answer.

<h3>What are drawings in accounting?</h3>
  • A drawing bank is not in and of itself a bank account.
  • Drawing in accounts are the records kept by a company owner or auditor that show how much cash has been taken by business owners.
  • These are transfers made for personal use rather than for the profit of the business, yet they are governed in a way that employee earnings are not.
  • Because these transfers must be offset against the owner's equity, accurate records must be maintained.
  • A separate drawings directly deals with it simpler to keep track of these actions and balance the books at the conclusion of every fiscal year when you need to know how to end your drawings account.

learn more about drawing account refer:

brainly.com/question/28137060

#SPJ4

4 0
1 year ago
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