Answer:
D.
Explanation:
Based on the scenario being described within the question it can be said that the Quick’s contract with Tine is valid because the contract is fair to Quick. Therefore, the fact that Knox is a majority shareholder in Tine does not complicate the deal. If the deal was made to be more fair to Tine then this information can cause a complication, and even make the contract void.
Answer:
B. $300,000
Explanation:
The computation of the reduction of retained earning amount is shown below:
= Number of shares of common stock × stock dividend percentage × market value
= 1,000,000 shares × 6% × $5
= $300,000
Since the dividend amount is adjusted while computing the ending balance of retained earning balance and the same is to be considered in the computation part.
All other information which is given is not relevant. Hence, ignored it
Answer:
Price of share at end of year 6 = $43.94
Explanation:
Provided information we have,
Current dividend = $1
Growth rate for 6 years = 20%
Dividend at end of year 6 = $1 
Future value factor of $1 @ 20% for 6 years = $1 2.985984 = $2.986 rounded off
After this dividend is supposed to grow at 3% thus Dividend at end of year 7 = $2.986 + 3% = $3.076
Therefore, using dividend growth model we have,
Where P6 = price at end of period 6 = to be calculated
D7 = Dividend paid at end of year 7 = $3.076
Ke = Required rate of return = 10%
g = constant growth rate = 3%
Thus, 
P6 = $43.94
Thus, price of share at end of year 6 = $43.94
Answer:
a. - $3,200
b. $15,200
Explanation:
The computation of the working capital for both the years is shown below:
Beginning of Year
= Accounts receivable + inventory - accounts payable
= $25,400 + $12,700 - $15,200
= $22,900
End of year
= Accounts receivable + inventory - accounts payable
= $23,700 + $13,900 - $17,900
= $19,700
So, the change in net working capital
= $22,900 - $19,700
= - $3,200
b. The computation of the cash flow for the year is shown below:
= Sales - costs - change in working capital
= $36,700 - $24,700 - (-$3,200)
= $15,200
Demand is price elastic, is occurring if a 1 percent decrease in price results in more than a 1 percent increase in quantity demand.
<h3>What is price elastic?</h3>
Price elastic of demand means the measurement of the product's demand with respect to its price.
It is common that if the price of a product will increase, the demand will fall, but some products demand fall more than other products, which is measure by price elastic in demand.
Thus, the correct option is demand is price elastic.
Learn more about demand is price elastic.
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