That they are not good choices to go with
Popularly called the Land of Abundance, the szechuan(Sichuan province) benefits from good fertile land and a host of favorable natural conditions which boosts crop yield, hence being able to grow all year long.
- The Szechuan province accounts for a large percentage of china's agricultural crop produce.
- The temperature of the province is favorable, having a good fertile land and a humid subtropical climate.
- Crops such as a maize, wheat, rice, corn watermelon and other fruits are grown yearly.
Therefore, The growing period of the szechuan province is longer than most other provinces In China.
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Answer:
$44.25
Explanation:
<u>procedure 1:</u>
we can determine the present value of the stock using the following formula:
present value = future value / (1 + constant growth rate)ⁿ
- future value = $50
- constant growth rate = 13%
- n = 1
present value = $50 / (1 + 13%) = $50 / 1.13 = $44.25
<u>procedure 2 (optional):</u>
future value = future dividend / (required rate of return - constant growth rate)
$50 = future dividend / (18% - 13%)
future dividend = $50 x 5% = $2.50
now we must determine the dividend for the current year:
current dividend = future dividend / (1 + constant growth rate)
current dividend = $2.50 / (1 + 13%) = $2.50 / 1.13 = $2.21
now we apply the Gordon growth model:
present value = dividend / (required rate of return - constant growth rate)
present value = $2.21 / (18% - 13%) = $2.21 / 5% = $44.25
Answer:
Adjusted cash balance is $ 60,224.
Explanation:
Detailed steps of solution are below
