1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vlabodo [156]
3 years ago
7

A stock has dividends that are expected to grow at 5% per year forever, if the price of the stock is $48.58 today, what will be

the stock's price in 5 years? (Enter only numbers and decimals in your response. Round to 2 decimal places for your answer.)
Business
1 answer:
Alexeev081 [22]3 years ago
7 0

Answer:

Growth rate (g) = 5% = 0.05

Current market price (Po) = $48.58

The stock's price in 5 years

P5 = Po(1 + g)n

P5 = $48.58(1 + 0.05)5

P5 = $48.58(1.05)5

P5 = $62.00

Explanation:

The stock's price in 5 years time is a function of current market price subject to 5 years growth.

You might be interested in
Project teams are formed to Multiple Choice take on "one-time" tasks that are often complex and require input from members with
AlladinOne [14]

Answer:

take on "one-time" tasks that are often complex and require input from members with different types of training and expertise.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Basically, it is very important and essential that project managers in various organizations, businesses and professions form a project team, so as to successfully achieve their aim, objectives and goals set for a project.

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

Hence, project teams comprises individuals or group of people that come together as a unit to take on "one-time" tasks that are generally considered to be often complex and as such would require input from members with different types of training, skills, knowledge competence and expertise.

4 0
3 years ago
The student center on campus has burritos, bagels, or burgers for lunch, and they all cost the same. you decide to have a burger
Liula [17]

The correct option is your enjoyment of the bagel

The student center on campus has burritos, bagels, or burgers for lunch, and they all cost the same. You decide to have a burger today, but if they were out of burgers, you would have bought a bagel. Your opportunity cost is your enjoyment of the bagel.

4 0
3 years ago
Monsters Incorporated (MI) in ready to launch a new product. Depending upon the success of this product, MI will have a value of
irga5000 [103]
A and then d i’m pretty sure
3 0
3 years ago
Nexus Industries uses a standard costing system to apply manufacturing costs to its production process. In​ May, Nexus anticipat
Mama L [17]

Answer:

$33,700 (Favorable)

Explanation:

Note: Figures are not inputted. The missing figures have been figured out as below.

"<em>Nexus industries uses a standard costing system to apply manufacturing costs to its production process. In May nexus anticipated 2700 units with fixed manufacturing overhead costs allocated at $8.40 per direct labor hour with a standard of 2.5 direct labor hours per unit. In May, actual production was 3400 units and actual fixed manufacturing overhead cost were $23000.  What was nexus fixed manufacturing overhead volume variance in May</em>?"

Solution:

Budgeted fixed overhead costs = Units * Direct labor cost * Standard Direct Labor hours per unit

= 2,700 units * $8.40 * 2.5

= 2,700 units * 21

= $56,700

Fixed manufacturing overhead volume variance = Actual fixed overhead cost - Budgeted fixed manufacturing overhead costs

When Actual fixed overhead = $23,000 ,  Budgeted fixed overhead costs = $56,700

Fixed manufacturing overhead volume variance = $23,000 - $56,700

= $33,700 (Favorable) .

8 0
3 years ago
Bristo Corporation has sales of 1,000 units at $60 per unit. Variable expenses are 40% of the selling price. If total fixed expe
Misha Larkins [42]

Answer:

3.60

Explanation:

Given that,

Sales units = 1,000

Sales price per unit = $60

Variable expenses = 40% of the selling price

Total Fixed cost = $26,000

Contribution margin per unit:

= Selling price - Variable cost

= $60 - ($60 × 40%)

= $60 - $24

= $36

Total contribution:

= Contribution margin per unit × Sales units

= $36 × 1,000

= $36,000

Profit = Total contribution - Fixed cost

         = $36,000 - $26,000

         = $10,000

Degree of operating leverage:

= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed Expenses)

= (60,000 - 24,000) ÷ (60,000 - 24,000 - 26,000)

= 36,000 ÷ 10,000

= 3.60  

8 0
3 years ago
Other questions:
  • ________ and their members provide value because they buy and sell securities on behalf of the companies and individuals they re
    12·1 answer
  • In 2020, Wimer Corporation, a service business, no longer qualifies as a small business. Thus, it must change from the cash to t
    9·1 answer
  • The purpose of the "quiet period"a company must observe from the time it files a registration statement with the SEC until after
    9·1 answer
  • Penguin Island produces capital goods and consumption goods. Suppose its economy experiences growth. In this case, growth means
    11·1 answer
  • Wildhorse Delight, Inc. charges an initial franchise fee of $74,700 for the right to operate as a franchisee of Wildhorse Deligh
    7·1 answer
  • Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $162
    14·1 answer
  • Luxere Hotels International, an American company, sells the rights to other hospitality companies globally to open hotels with t
    11·1 answer
  • Mario is a criminal attorney with a private practice. He has been appointed by the court to serve as a defense attorney for an i
    11·1 answer
  • Sunk costs:
    10·1 answer
  • Cashews, Inc. issued $100,000, 6% bonds at face value on January 1. The bonds pay interest semiannually on June 30 and December
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!