Answer:
Apparent Authority
Explanation:
Based on the information provided within the question it seems that the authority that Charlene has given Megan is Apparent Authority. This term refers to a subtle authority given to an individual which a reasonable third party would understand that they are an agent acting on behalf of their employer. Such an example would be an employee driving a UPS truck, any reasonable person would see the UPS truck as a sign that the individual driving has authority to act on behalf of the UPS company. The UPS truck is similar to the business card that Megan has, giving her apparent authority to act on behalf of Thrift City.
Answer:
$69.34
Explanation:
The computation of today one share of stock is shown below:
= (Next year dividend) ÷ (Required rate of return - growth rate)
where,
Next year dividend is
= $2.75 + $2.75 × 5.90%
= $2.75 + 0.16225
= $2.91225
And, the required rate of return is 10.1%
Plus, the growth rate is 5.90%
So, the today price is
= ($2.91225) ÷ (10.1% - 5.90%)
= ($2.91225) ÷ (4.2%)
= $69.34
Answer:
Followsare the solution to this question:
Explanation:
using formula:
please find solution file:
Answer:
c. will earn zero economic profits but positive accounting profits.
Explanation:
In a competitive industry, there are many buyers and sellers of homogenous goods and services. There are also low barriers to entry and exit of firms. In the short run, if a firm is earning economic profit, new firms enter into the industry and drive economic profit to zero. Thus, in the long run, a firm only earns accounting profit.
Accounting profit is total revenue less total cost or explicit cost.
Economic profit is accounting profit less implicit cost or opportunity cost.
I hope my answer helps you
