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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

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3 0
3 years ago
A restaurant owner in the 1950s does not feel negatively toward African Americans but refuses to serve them in his restaurant be
Minchanka [31]

Answer:

Unprejudiced discriminator.

Explanation:

Unprejudiced discriminator: This is referred to as the people who do not have the prejudice of their own, however, they act when needed or when it is convenient for them to discriminate as their decision is based on other people´s prejudice or socially motivated.

In the given case, a restaurant owner does not discriminatory feelings toward African American, however, due to social pressure, he is forced to discriminate as he refuses to serve them in his restaurant, which is a case of the unprejudiced discriminator.

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3 years ago
Hurdzan, Inc., has a 30-day average collection period and wants to maintain a minimum cash balance of $20 million, which is what
tia_tia [17]

Answer:

Attached below

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Given data :

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Sales                                                      $441     $513      $594      $558

Total cash disbursement                       368      465       720         456

attached below is the cash budget for the company as required

7 0
3 years ago
A step in the selling process that concerned with identifying firms and people most likely to buy the seller’s offerings is call
vekshin1

Answer: Option A

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In this stage, the outcome will result only in a yes or no and if it comes to yea then the salesperson will further evaluate whether the prospect can be a successful long term customer.

Hence from the above we can conclude that the correct option is A.

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3 years ago
Determine where each piece of information is located on a check.
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Example of a check. Look at the image I attached.

8 0
3 years ago
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