Answer:
$28.18
Explanation:
Use dividend discount model to answer this question.
Current dividend ; D0 = 3.40
growth rate; g = 2.2% or 0.022 as a decimal
D1 = D0(1+g)
D1 = 3.40(1.022)
D1 = 3.4748
Since you are buying the stock next year, calculate dividend at year 2 which you would use in the formula to find next year's price (P1) ;
D2 = D1(1+g)
D2 = 3.4748 (1.022)
D2 = 3.5512
Next year's price; P1 = D2 / (r-g)
P1 = 3.5512 / (0.148 - 0.022)
P1 = 28.1841
Therefore, you will pay $28.18
The payment type that can help you stick with your budget is : debit cards
Credit card usually make it really hard to track your budget because you only see the amount of expenditure at the end of the month when the credit card bill was sent to you
hope this helps
Answer:
a) Increase demand through TQM initiatives
b) Offer attractive credit terms
c) Seek excellent product designs, high awareness, and high accessibility
e) Seek the lowest price in their target market while maintaining a competitive contribution margin
g) Reduce labor costs through training and recruitment
Explanation:
Chester by pursuing the top five targets listed above would Have a competitive advantage among it's competitors. First their total quality management strategy(TQM) would increase customer satisfaction and spiral their demand growth. Secondly attractive credit terms would increase demand by encouraging customers that require credit facilities for their purchases. Excellent product designs and more awareness would increase product quality while also bring more awareness to the business. Reducing price would also increase demand and since they'd be able to keep a competitive contribution margin they would be able to stay ahead in the market. Lastly reduction in labour costs will have a ripple effect on the whole business as costs will be reduced and cost of goods will be reduced to ensure lower prices and high demand
Answer:
Note receivable is a written promise by a supplier agreeing to pay a sum of money in the future.
While
Account receivable is the funds owed by the customers.
