Answer:
C
Explanation:
Marguerite starts a corporation. Her articles of incorporation specifically state that the corporation will work in the beauty products industry. Marguerite would like to take out a loan on the company's behalf. She can because of the implied powers of the corporation.
Answer: $48.33
Explanation:
Using the Gordon Growth model:
Price of stock = Next year dividend / (Required return - growth rate)
Next year price of stock can be used to calculate year 2 dividend:
53.17 = D₂ / ( 16% - 10%)
53.17 * 6% = D₂
D₂ = $3.19
D₂ = D₁ * ( 1 + growth rate)
3.19 = D₁ * ( 1 + 10%)
D₁ = 3.19/ 1.1
= $2.90
Price of stock today:
= 2.90 / ( 16% - 10%)
= $48.33
It is called the law of demand and supply whereby when the supply of commodity increases, the need reduces. The market becomes flooded with the items while the number of customers is constant. Moreover, when the supply of a good diminishes its demand goes up.
medium of exchange, unit of account, and store of value
