Answer:
6.91%
Explanation:
The formula for share price using the dividend growth model stated below can be used to determine the cost of equity as well whereby the formula is rearranged in order to make the cost of equity the subject as shown thus:
share price=expected dividend/(cost of equity-growth rate)
share price=$45
expected dividend=last dividend*(1+dividend growth rate)
expected dividend=$0.60*(1+5.5%)=0.633
cost of equity=the unknown
dividend growth rate=5.5%
45=0.633/(cost of equity-5.5%)
45*(cost of equity-5.5%)=0.633
cost of equity-5.5%=0.633/45
cost of equity=(0.633/45)+5.5%
cost of equity=6.91%
Renter's insurance basic policy costs about $300 a year for around $50,000 worth of protection of your property within the building. In the state of New York.
Answer:
A financial statement showing the revenue and expenses for a fiscal period. True
Explanation:
A financial statement showing the revenue and expenses for a fiscal period. <em><u>True because </u></em> income statement is a financial statement and shows the expenses and income ( revenue) during a fiscal period.
A fiscal period is the time period reflected in a financial statement. It is usually a quarter or an accounting period.
There are four main kinds of financial statements. Income statement is one of the financial statement which tells about the expenses and revenues
<span>In this letter you want to make sure that you are being clear and concise, so as to avoid any confusion about what your relationship will be in the future (ended). This means that you want to avoid any potential legal liability, and explain yourself in order to show that you are being fair and reasonable in your request.</span>
Answer:
0.50
Explanation:
Calculation for What is the asset turnover ratio
Using this formula
Asset turnover ratio=Net sales /Average total assets
Let plug in the formula
Asset turnover ratio=$15,000 / (($25,000 + $35,000)/2)
Asset turnover ratio=$15,000/($60,000/2)
Asset turnover ratio=$15,000/$30,000
Asset turnover ratio= 0.50
Therefore the asset turnover ratio will be 0.50
