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Taya2010 [7]
2 years ago
8

A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beg

inning of the year? $6.59 $1.16 $7.42 $5.84
Business
1 answer:
Dimas [21]2 years ago
6 0

Answer:

Correct option is 6.59

Explanation:

Selling price of stock at the end of the year is $6.99. Annual return rate is 6%. Price of stock at the beginning will be present value of stock valued at the end discounted at 6%. Computation is as shown below:

Present\ value\ or\ price\ of\ stock = Selling\ price\left ( \frac{1}{1+i} \right )^{n}

= 6.99\left ( \frac{1}{1+0.06} \right )^{1}

= \frac{6.99}{1.06}

= $6.59

Therefore, Stock's price in the beginning of the year is $6.59.

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In recent years, the trend among U.S. firms is to outsource the "production" of certain service activities to developing nations
Amiraneli [1.4K]

Answer:

TRUE

Explanation:

We currently live in a globalized world. Globalization is an economic and political phenomenon that has transformed the relations of production and labor. The companies started to produce in countries where the labor is cheaper, becoming consequently more competitive. Thus, US multinational companies outsource the manufacture of components of their products in different territories. For example, an Iphone has components made in China, Vietnam and others. This makes the final price of the iphone lower around the world.

5 0
3 years ago
Under the current/noncurrent method
sattari [20]

Answer:

a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).

Explanation:

6 0
3 years ago
Question 2: Global production company wants to collect data from the computer
lesya [120]

Answer:

ANswer to the following question is as follows;

Explanation:

Companies aim to acquire data from computer customers by surveying their business in the worldwide production market. This kind of data collecting delivers a more comprehensive survey than individual data gathering, is less costly, and saves time, and has a high response rate.

According to the present market circumstances, I recommended utilising a postal survey and in-person interviews study as a company researcher.

6 0
3 years ago
Which of the following is not a reason why firms experience economies of scale?
kumpel [21]

Answer:

The correct answer is letter "D": As output increases, the managers can begin to have difficulty coordinating the operations of their firms.

Explanation:

Economies of scale mean that production becomes more efficient as the number of goods being produced increases. In most cases, companies that achieve economies of scale lower the average cost of their products by increasing production. In economies of scale, the cost of each product can depend on the size of the industry or the size of an individual company. The larger the number of products being manufactured does not necessarily imply the most difficult the companies' operations become.

6 0
3 years ago
Birkner Corporation's flexible budget performance report for last month shows that actual indirect materials cost, a variable co
gavmur [86]

Answer:

$2.18 per machine hour

Explanation:

The calculation of Indirect material cost is shown below:-

Flexible budget indirect material = variable cost + indirect materials cost

= $30,444 + $8,142

= $38,586

Cost per machine hour for indirect material = Flexible budget indirect material ÷ Company machine hours

= $38,586 ÷ $17,700

= $2.18 per machine hour

7 0
3 years ago
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