The answer is; Purchasing Power Parity.
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Answer:
The price of Apple just after the current dividend was paid is $26.79.
Explanation:
Note: See the attached file for the calculation of present values for year 1 to 10 dividends.
From the attached excel file, we have:
Previous year dividend in year 1 = Dividend just paid = $3
Total of dividends from year 1 to year 10 = $19.17617169980840
Year 10 dividend = $7.781227380
Therefore, we have:
Year 11 dividend = Year 10 dividend * (100% + Perpetual dividend growth rate) = $7.781227380 * (100% + 3%) = $8.0146642014
Price at year 10 = Year 11 dividend / (Rate of return - Perpetual dividend growth rate) = $8.0146642014 / (20% - 3%) = $47.1450835376471
PV of price at year 10 = Price at year 10 / (100% + Required return)^Number of years = $47.1450835376471 / (100% + 20%)^10 = $7.61419419713817
Price of Apple = Total of dividends from year 1 to year 8 + PV of price at year 10 = $19.17617169980840 + $7.61419419713817 = $26.79
Answer:
c. $161,400
Explanation:
The computation of the cash collections for December month is shown below:
Cash sales
= $160,000 × 30%
= $48,000
Credit sales
For same month = $160,000 × 50% × 70% = $56,000
For one month = $180,000 × 30% × 70% = $37,800
For second month = $140,000 × 20% × 70% = $19,600
So, the total cash collections is
= $48,000 + $56,000 + $37,800 + $19,600
= $161,400
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resources and income. While Medicaid is jointly funded by both federal and
state governments, it is managed by the state governments.
