Answer:
$93.20
Explanation:
Given the following from the question
Future value of stock = $90
PV Factor = Future Value ÷ (1+ interest rate %)
Hence, we have Present value of stock as => 90 ÷ (1.03) = $87.378640777
Present value of dividends = 6 ÷1.03 = $5.8252427184
Total of present value of stock and dividend =$87.378640777 + 5.8252427184 = $93.20
Hence, in this case, the correct answer is = $93.20
Answer:
the black market price stays more or less the same in the long run as in the short run.
Explanation:
The black market price may increase or decrease depending on the price elasticity of the goods or services involved, there is no general economic rule that defines how black market equilibrium price reacts to changes in the supply and demand of legal goods and services.
In this specific case, both the demand elasticity and the supply elasticity are elastic, so they basically cancel out or offset each other. The black market supply will decrease the shortage, but it will not be able to satisfy the new quantity demanded completely. Black market apartments have a greater elasticity (steeper curves).
The cost at which a company records purchases of machinery and equipment should include all the under listed:
- Operating costs
- Purchase price
- Installation.
- Shipping fees
- Taxes
<h3>What is acquisition cost?</h3>
Acquisition cost refers to all the cost associated with the purchase of an asset. When calculating how a company records purchases of machinery and equipment, it should be the all inclusive cost of the equipment.
The cost acquisition cost should include :
- Installation cost
- Site preparation
- Sales or other taxes and testing costs prior to placing the equipment into production.
Learn more about acquisition cost here : brainly.com/question/25899244
Explanations:
The formula for future value given
deposit amount, A = 2000
deposit interest, i = 8% annually = 8/4 = 2%, compounded quarterly
compounding period = quarterly
number of periods, n = 15 years = 4*15 = 60 periods (quarters)
The future value is given by:
FV = A*((1+i)^n-1)/i
= 2000*(1.02^60/0.02)
= $228103.08 (rounded to the nearest cent).
The difference in the answer choice is probably due to the teacher's calculator does not have sufficient accuracy.