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kicyunya [14]
2 years ago
8

You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.2 percent indefinitely

. The company just paid a dividend of $3.23 and you feel that the required return on the stock is 10.4 percent. What is the price per share of the company's stock
Business
1 answer:
mylen [45]2 years ago
4 0

Answer:

$54.35

Explanation:

The computation of the price per share of the common stock is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $3.23 + $3.23 × 4.2%

= $3.23 + 0.13566

= $3.37

And, the other items would remain the same

So, the price per share is

= $3.37 ÷ (10.4% - 4.2%)

= $3.37 ÷ 6.2%

= $54.35

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A company has $ 235 comma 000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The
Paul [167]

Answer:

$14,100

Explanation:

The computation of the amount record estimated uncollectible​ accounts are shown below:

= Credit sales × estimated percentage

= $235,000 × 6%

= $14,100

We simply multiply the credit sales with the estimated percentage so that the accurate amount can come

The journal entry is shown below:

Bad debt expense A/c Dr  $14,100

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3 years ago
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Naily [24]
<span>Structural unemployment</span>
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brilliants [131]

Answer:

A.

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helping

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2 years ago
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tiny-mole [99]

Answer:

b.if 100 units can be produced for $100, then 150 can be produced for $150, 200 for $200, and so forth.

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Constant-cost means the cost of producing one unit of product does not change no matter how many products each firm in the industry decide to produce.

If the cost of production is $100 for 100 units, $150 for 150 units, $200 for 200 units and so forth, it means the unit production cost is a constant $1 regardless of the quantity to be produced.

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in the final​ analysis, how much did the inventory cost burlington​? the inventory cost for burlington is
nata0808 [166]

The inventory cost for burlington is $18,278.

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Stock refers to all of the items, goods, merchandise, and substances held by means of an enterprise for selling in the marketplace to earn a profit. example: If a newspaper supplier makes use of a car to supply newspapers to the customers, handiest the newspaper might be taken into consideration stock. The automobile will be handled as an asset.

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