Answer:
Explanation:
Corcoran Corp. pays a constant $7.10 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever. If the required return on this stock is 11 percent, what is the current share price
Given that:
Dividend = $7.10 dividend on its stock
Rate r = 11 percent
The company will maintain this dividend for the next 10 years
Answer:
$7,604,500
Explanation:
Total cost of goods sold:
= Cost of goods sold of Patti Company + Cost of goods sold of Shannon Inc.
= $7,500,000 + $160,000
= $7,660,000
Consolidated cost of goods sold:
= Total cost of goods sold - Intra-Entity sales added in cost of goods sold of Shannon Inc. + Unrealized profit on ending inventory eliminated by adjusting cost of goods sold
= $7,660,000 - $60,000 + ($60,000 × 0.25) × 30%
= $7,660,000 - $60,000 + $4,500
= $7,604,500
Answer:
C) Yes, Yolanda is correct. It is illegal for Mike to take such actions. The landlords may serve the tenants with a three-day notice of eviction.
Explanation:
Eviction processes can be relatively simple, by just sending an eviction notice and the tenants voluntarily leaving the property, or they can be very messy and end up in court. But in no case, can the landlord just get into the property and kick the tenants out.
The length of the eviction process also varies depending on the cause, in this case since the tenants already we more than 3 months of rent tht is more than sufficient cause.
If after the 3 day notice Jeff and Ryan still haven't left, then Yolanda and Mike will have to start an eviction lawsuit that usually takes a few weeks (its a speedy process). Since Yolanda and Mike have a reasonable cause for evicting the tenants, the court will probably order and immediate eviction (or maybe give them a week or so).
Then if Jeff and Mike still stay on the property things get messy and the police should force them out.
