Answer:
$38.956
Explanation:
According to dividend valuation model, the value of stock today is the present value of all the dividends that it will receive in future.
Based on the above discussion, the value of stock shall be calculated as follows:
Present value of Year 1 dividend= $1.42
1.6065(1+13%)^-1
Present value of Year 2 dividend= $1.496
1.91(1+13%)^-2
Present value of Year 3 dividend= $1.57
2.27(1+13%)^-3
Present value of Year 4 dividend= $1.66
2.7013(1+13%)^-4
Present value of Year 5 dividend= $1.74
3.21(1+13%)^-5
Present value of dividend after Year 5=$31.07
(3.21(1+7%)/(13%-7%))*(1+13%)^-5
Price of share= $38.956
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Answer:
Present value (P) = $4,000
Interest rate (r) = 6% = 0.06
Number of years (n) = 5 years
FV = P(1 + r)n
FV = $4,000(1 + 0.06)5
FV = $4,000(1.06)5
FV = $4,000 x 1.338225578
FV = $5,353
Explanation:
The future value of the investment is a function of present value multiplied by 1 + interest rate raised to power number of years.
Answer:
Equivalent Units of Production :
(1) Materials = 298000
(2) Conversion Costs = 284400
(3) Total = 582400
Explanation:
The Concept of Equivalent Units entails identifying number of completed units in terms of their completion % in the input component or process.
<em>Step 1 : Determine Units Completed and Transferred to Finished Goods</em>
<em>Units in Process = Units Output</em>
Units In Process 298000
Less Closing Work In Process 34000
Completed and Transferred 264000 (Balancing figure)
<em>Step 1 : Determine Equivalent Units for each input component</em>
Materials:
Completed and Transferred 100% = 264000×100%= 264000
Closing Work In process 100% = 34000×100%= 34000
Total = 298000
Conversion Costs:
Completed and Transferred 100% = 264000×100%=264000
Closing Work In process 60%=34000×60%=20400
Total =284400
