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3 years ago

What type of wholesaler operates mainly in bulk industries like lumber, coal, and it heavy equipment

Business

1 answer:

Svetradugi [14.3K]3 years ago

5 0

Answer:

Drop shippers

Explanation:

When the store does not keep the product in its possession but fulfill the customers' demand by behaving as a middleman with the help of a model, it is called drop shippers. It is the reason why those stores or wholesalers can operate in bulk industries. An example of a drop shipper is a soft drinking company that uses third-party delivery services to meet the demand.

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Miller Brothers Hardware paid an annual dividend of $0.95 per share last month. Today, the company announced that future dividen

Vlad1618 [11]

Answer:

The amount to be paid to purchase a share of the stock today is $9.37

Explanation:

In this question , we are asked to calculate the amount which is to be paid to purchase a share of a particular stock by a company.

We employ a mathematical approach to this:

Mathematically, the amount to pay to purchase a share of the stock today is = D * [(1+g)/(r-g)]

Where D is annual dividend = $0.95

g = percentage of future dividend increase = 2.6% = 0.026

r = rate of return = 13% = 0.13

We input these values in the formula above:

Amount = 0.95 * [(1+0.026)/(0.13-0.026)] = 0.95 * 9.8654 = $9.37

3 0

3 years ago

Read 2 more answers

You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous ow

Nonamiya [84]

Answer:

Minimum selling price for the bond = $11350.38

Explanation:

Given - You have just purchased a municipal bond with a $10,000 par

value for $9,500. You purchased it immediately after the previous

owner received a semi-annual interest payment. The bond rate is

6.6% per year payable semi-annually. You plan to hold the bond for

4 years, selling the bond immediately after you receive the interest

payment. If your desired nominal yield is 3% per year compounded

semi-annually.

To find - What will be your minimum selling price for the bond?

Proof -

Formula for Bond value is -

Bond value = $\frac{Coupon Amount}{( 1+ Interest rate)^{1} } + \frac{Coupon Amount}{( 1+ Interest rate)^{2} } + \frac{Coupon Amount}{( 1+ Interest rate)^{3} } + .....\frac{Coupon Amount}{( 1+ Interest rate)^{n} }$

As given,

Coupon Rate = 6.6%

⇒Coupon Rate for semi-annual = 3.3%

and hereby time period becomes double i.e 8 years.

Now,

Interest rate = 3%

For semi-annual , interest = 1.5%

Now,

Coupon amount = 10,000×3.3% = 330

Now,

Bond value = 330 ×PVIF(1.5% , 8) + 10,000×IVAF(1.5%, 8)

= 330×7.486 + 10,000×0.888

= 11350.38

∴ we get

Minimum selling price for the bond = $11350.38

6 0

3 years ago

If the same person served on the boards of directors of competing firms, she would be participating in:____.

andrew-mc [135]

If the same person served on the boards of directors of competing firms, she would be participating in an interlocking directorate.

<h3>What is interlocking directorate?</h3>

Interlocking directorate is when a person, who is a director in a company, accept the position of a director in a competing firm. It is the practice of the same individual being a member of multiple boards in companies.

Here, a member of one corporation's board of directors in that corporation as well as the board of another corporation or management of another corporation in business practice.

The above means that a corporate directorate includes one or more members who serve simultaneously in the directorates of other firm.

Learn more about interlocking directorate here: brainly.com/question/13963102

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5 0

2 years ago

A main advantage of enterprise resource planning (erp) is that it describes a _____ that ensures connectivity and easy integrati

marta [7]

The answer to this question is the term which we commonly heard as "PLATFORM". Hence when the main advantage of enterprise resource planning (ERP) is that it describes a PLATFORM that ensures connectivity and easy integration of future systems including in-house software and the commercial packages. In this case, the analyst must consider the architecture of the system.

4 0

3 years ago

Jules & Associates had the following information available related to revenues and expenses for the current period: Services

LiRa [457]

Answer:

Net income in cash = -$17,000

Net income of accounting= $ 198,000

Explanation:

$123,000 service provided for cash

-$140,000 Expenses paid in Cash

= -$17,000 Net income in cash

$240,000 Services provided on account

-$42,000 Expenses on account

=$198.000 Net Income of accounting

5 0

3 years ago