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
asambeis [7]
3 years ago
7

Free Motion Enterprises paid a $2.20 per share annual dividend last week. Dividends are expected to increase by 3.75 percent ann

ually. What is one share of this stock worth to you today if your required rate of return is 15 percent?
Business
1 answer:
Tems11 [23]3 years ago
6 0

Answer:

$20.29

Explanation:

The computation of the today share price is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend

= $2.20 + $2.20 × 3.75%

= $2.20 + 0.0825

= $2.2825

The other items values would remain the same

So, the today price would be

= $2.2825 ÷ (15% - 3.75%)

= $2.2825 ÷ 11.25%

= $20.29

You might be interested in
To be effective, your goals must be balanced in the following areas:a. Career, Fun, Health, Relationship, Spiritualityb. Environ
sweet-ann [11.9K]

Answer:

Career , Financial , Health and Fitness, Relationships, Spirituality

Explanation:

Goals are what one plan to achieve within a specified period of time. Goal could be short term , usually one year or long term goal, which is more than a year. People that want to succeed must set goals because setting goal gives direction. When people set goals, it gives them the opportunity to work harder towards achieving that goal and also provides benchmark for determining if one is actually succeeding or on the right path.

People set goals on daily basis. The question is; how effective are those goals. It therefore means that for a goal to be effective, it must touch or cover the following areas ; career, financial, health and fitness, relationships, spirituality.

6 0
3 years ago
How would you describe Ghosn’s style of leadership?
boyakko [2]

Answer:

The leader for this situation doesn't have faith in close control of his group (ELS, 2010). Regardless of whether he is accountable for huge organizations that rely upon significant choices, Ghosn wants to permit his subordinates to set up their own timetables.

Explanation:

hope this helps, sry if it doesnt

6 0
3 years ago
Micron Precision purchased equipment on January ​1, 2018​, for $ 40,606. Suppose Micron Precision sold the equipment for $ 30,00
Step2247 [10]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $30,000

Accumulated Depreciation - Equipment A/c $12,494

        To Equipment A/c $40,606

        To Gain on Disposal of Equipment $1,888

(Being sale of machinery is recorded and the remaining balance is credited to the Gain on Disposal of Machinery A/c)

The computation is shown below:

= $30,000 + $12,494 - $40,606

= $1,888

3 0
3 years ago
For the current year ended October 31, Friedman Company expects fixed costs of $14,300,000, a unit variable cost of $250, and a
Nana76 [90]

Explanation:

Breakeven=fixed cost/selling price - variable cost

so 14,300000/380-250

14,300000/130 = 110,000 units to be able to make break even

5 0
4 years ago
On the Border Mexican restaurants all have the same terracotta and turquoise color scheme, with posters of bullfighters and maps
ruslelena [56]

Answer:

The restaurants have a unique ambience, known in legal terms as their

Trade dress

Explanation:

Trade dress protects all elements used to promote a specific service or product. Examples of trade dress include packaging and the atmosphere or décor within a place of business. The term "trade dress" comes from a 1992 court ruling and refers to the way a product is "dressed" to go to market.

3 0
3 years ago
Other questions:
  • Comfy Mattresses, Inc., is opening a new plant in Orlando, Florida. Ron Lane, distribution manager, has been asked to find the l
    9·1 answer
  • Employee theft and fraud is a costly problem for organizations, estimated to be approximately ________ per worker per year.
    8·1 answer
  • Anna saved ​$13 comma 29313,293​, which was​ 70% of the amount she needed for a used car. what was the total amount she needed f
    14·1 answer
  • Company X issues variable-rate debt but wishes to fix its interest rates because it believes the variable rate may increase. Com
    8·1 answer
  • Ornaments, Inc., is an all-equity firm with a total market value of $531,000 and 19,600 shares of stock outstanding. Management
    11·1 answer
  • Reuben Rubino is a Tax Professional working during the Emerald Advance offer period before tax season starts. He has taken and p
    13·1 answer
  • A common reason for redeeming a bond prior to its maturity date is ______.
    5·1 answer
  • You added a conversion tracking tag to a landing page on your business's website. When analyzing your purchasing data, you find
    14·1 answer
  • Mekia is in high school. She is thinking about possible career choices. Her guidance counselor gave her information about severa
    15·1 answer
  • Which phrase best completes the diagram? Macroeconomic Goals for a Society ? Stable prices Economic growth
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!