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padilas [110]
3 years ago
9

Take me out of this group

Business
1 answer:
ivann1987 [24]3 years ago
6 0
Is there a way I can help you?
You might be interested in
Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual div
Colt1911 [192]

Answer:

There's an error in the numbers for this question; I found the correct one and pasted it below;

"Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $1.30 per share but all future dividends will be decreased by 2.75 percent annually. What is a share of this stock worth today at a required return of 15.5 percent? "

Explanation:

Use dividend discount model (DDM) to calculate the stock price

P0 = \frac{D0(1+g)}{r-g}

whereby,

P0 = Current price

D0 = Last dividend paid = 130

g = growth rate = -275% or -2.75 as a decimal

r = required return = 155% or 1.55 as a decimal

Next, plug in the numbers to the DDM formula above;

P0 = \frac{1.30(1-0.0275)}{0.155 + 0.0275} \\ \\ = \frac{1.2643}{0.1825} \\ \\ =6.9277

Therefore this stock is worth $6.93

6 0
3 years ago
Longview Manufacturing Company manufactures two products (I and II). The overhead costs ($60,500) have been divided into three c
Mila [183]

Answer:

a. $8,000.

Explanation:

The computation of the amount of overhead cost assigned to the product I is shown below:

= $40,000 ÷ 2,500 × $500

= $8,000

Hence, the amount of overhead cost assigned to the product I is $8,000

Therefore the correct option is a.

7 0
3 years ago
A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a(n)
tino4ka555 [31]

A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a <u>Statutory broker.</u>

<h3>What is a Statutory broker?</h3><h3 />

A statutory broker refers to a broker or a salesperson that is able to assist the parties in a transaction even though they are not an agent for either of the parties in the transaction.

Statutory brokers have regulations that they must follow however and in certain states, they need to be residents of a state.

Find out more on brokers at brainly.com/question/17085854

#SPJ1

7 0
2 years ago
The following information pertains to Lap Co.'s Palo Division for the month of April: Number of Units Cost of Materials Beginnin
Free_Kalibri [48]

Answer:

$0.44

Explanation:

Given that,

Beginning work in process = $5,500

Started in April = $18,500

Units completed = 42,500

Ending Work-in-Process = 12,500

Using the weighted-average method,

the cost per equivalent unit for materials is as follows:

= (Beginning work in process + Started in April) ÷ (Units completed + Ending Work-in-Process)

= ($5,500 + $18,500) ÷ (42,500 + 12,500)

= $0.44

4 0
3 years ago
On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware
lawyer [7]

Answer:

2021

Dr Research and development expense $3,600,000

Cr Cash $3,600,000

2022

Dr Research and development expense 1,500,000

Dr Software and development costs 594, 000

Cr Cash 2,094,000

B. $148,500

Explanation:

1. Preparation of the journals entry

2021

Dr Research and development expense $3,600,000

Cr Cash $3,600,000

(To record the expenses incurred on research and development)

2022

Dr Research and development expense 1,500,000

Dr Software and development costs 594, 000

Cr Cash 2,094,000

(1,500,000+594,000)

(To record the software development costs incurred)

2.Calculatation for the amortization for 2022

Using percentage of revenues method

Amortization= Current revenue/Total revenue* Software development costs

Amortization=$1,560,000/$7, 800,000*$594,000

Amortization=0.2*$594,000

Amortization=$118,800

Using straight line method

Amortization =1/Useful life* Software devel opment costs

Amortization=1/4*$594,000

Amortization=$148,500

Based on the above calculation Tmte expense amounts under straight-line method is higher . Which means that , the amortization is $148,500.

5 0
3 years ago
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