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4 years ago

7

The next dividend payment by Savitz, Inc., will be $2.04 per share. The dividends are anticipated to maintain a growth rate of 7

percent forever. If the stock currently sells for $41 per share, what is the required return

1 answer:

Morgarella [4.7K]4 years ago

7 0

I don’t know the answer I just need the points like really badly and I’m really sorry

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Harry Smith has just received the monthly bank statement at September 30 from City National Bank, and the statement shows an end

Elan Coil [88]

Answer:

Harry's "true" cash balance= $1726

Explanation:

Harry Smith Bank reconciliation for 30 September is recorded as follows

BANK:

Balance as at September 30...................................................$545

Add: Deposit in transit .....................................................................$1790

Total ........................................................................................$2335

Less: outstanding checks .............................................................$609

Total adjusted bank balance ........... ...............................................$1726

BOOKS:

Balance as at September 30 ................................................................$1823

Add: EFT rent Collection ...................................................................$325

Total ..................................................................................................... $2184

Less:

Service charge ............................................................................................ $8

Printed check charges .................................................................... .............$10

NSF checks .................................................................................................. $125

Book error correction ( recorded a $310 check as $31 .............................. $279

Total ...................... ...................... ...................... ...................... ......................$422

Now Adjusted book balance = total in Add - total in less = $2184 - $422 =$1726

Harry's "true" cash balance= $1726

8 0

3 years ago

Read 2 more answers

Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3

UkoKoshka [18]

Answer: $66,810,000

Explanation: take the balance at the beginning of the year add it to the net income from statement of comprehensive incomes then minus the cash dividends declared from the total of the beginning balance and net income then get the retained balance at the end of the 20Y3 year of 66 810 000.

The stock dividends of 2,600,000 have two accounts involved which is stock( inventory) and dividends declared which is an liability.

Sumter Pumps Corporation

retained income statement for the year ending 31 december 20Y3

balance 01/jan/20Y3 $59,650,000

CHANGES IN EQUITY

Net Income 8,160,000

dividends paid and declared

Cash dividend 1,000,000

stock dividend 0

balance 31 dec 20Y3 $66,810,000

4 0

3 years ago

The ________ is the reality that management is needed in all types and sizes of organizations, at all organizational levels, in

Goryan [66]

Answer:

universality of management

Explanation:

To contemporary management theory, universality in management can be described as an important concept to remember. If we identify management as standardized we relate to the prevalent management method in all kinds of organizations.

The universal essence of management means the transition of organisational skills from one type of business to the next. If that is the situation, a person would probably experience little trouble moving from one sector to the next, from the government to the market, from business to state, from school to company, or within the same entity from one branch to another.

Thus, from the above we can conclude that the correct answer is universality of management.

7 0

3 years ago

g A department store chain has 15,100 shares of common stock outstanding at a price per share of $75 and a rate of return of 14%

horrorfan [7]

Answer:

10.79%

Explanation:

WACC = Pretax cost of debt*(1 - tax rate)*[(Number of bonds*Par value *selling price) / (Number of bonds*Par value*Selling price*Number of shares *Price per share)] + Rate of return*[(Number of shares*Price per share) / (Number of bonds*Par value*Selling price + Number of shares*Price per share)]

WACC = 0.065 *(1 - 0.29) * [(400*$1,500*98.2%) / (400*$1,500*98.2% + 15,100*$75)] + 0.14 x [(15,100*$75) / (400*$1,500*98.2% + 15,100*$ 75)]

WACC = 4.615%*[$ 589,200 / ($589,200 + $1,132,500)] + 0.14*[$1,132,500 / ($589,200 + $1,132,500)]

WACC= 4.615%*$589,200 / $1,721,700 + 0.14*$ 1,132,500/$ 1,721,700

WACC = 4.615%*0.342219899 + 14%*0.657780101

WACC = 1.579344834% + 9.208921415%

WACC = 10.79%

3 0

3 years ago

Gary had developed an extremely successful advertising and promotion campaign for a client in the United States. The client want

evablogger [386]

Answer:

differences in languages, customs, and culture might make the campaign meaningless and ineffective in some markets.

Explanation:

Cultural uniqueness should be considered by the client before the campaign is rolled out globally.

Due to culture shock the content that will be effective in attracting clients in the United States may have an opposite effect in another country.

So before global rollout, the campaigns should be customised to each culture that it is targeting to reduce rejection rate due to culturally unaccepted content.

5 0

4 years ago