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koban [17]
4 years ago
10

JRN Enterprises just announced that it plans to cut its dividend from $3.00 to $1.50 per share and use the extra funds to expand

its operations. Prior to this announcement, JRN's dividends were expected to grow indefinitely at 4% per year and JRN's stock was trading at $25.50 per share. With the new expansion, JRN's dividends are expected to grow at 8% per year indefinitely. Assuming that JRN's risk is unchanged by the expansion, the value of a share of JRN after the announcement is closest to ________. (Hint: solve for the cost of equity using the original information. This will still be the cost of equity after the change in dividends)
Business
1 answer:
choli [55]4 years ago
4 0

Answer:

$19.32

Explanation:

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tankabanditka [31]

Answer:

a. total estimated uncollectible accounts is $21,190

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Explanation:

a. to compute the estimated uncollectible accounts, we have to multiply the specific % to the accounts receivable plus the beginning balance;

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So the total uncollectible accounts would be; $6,500 + $1,440 + $5,250 + $8,000 = $21,190

b. to record the year-end adjustment of the uncollectible accounts, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690. This figure is the uncollectible amount we computed earlier based on the aging.

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3 years ago
A firm that is considering changing the colors used on its packaging wants to determine the effect of different color schemes on
maw [93]

Based on the information given the type of research is: Experimental research.

<h3>What is experimental research?</h3>

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Most managers get very little uninterrupted time to work on their priority tasks.
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True.

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4 years ago
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Gatson manufacturing company produces 2 types of tires: Economy tire; Premium tire. The manufacturing time and the profit contri
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Answer:

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Objective function:

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(b) Check attachment for spreadsheet

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3 years ago
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