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Andrews [41]
3 years ago
10

Steve's Cider Shack, Inc. just paid a dividend of $8 per share of common stock. The dollar amount of the dividends is expected t

o grow at a constant 2% per year definitively into the future. The required rate of return from shares of common stock from similar businesses in the current economic climate is 13%
What would you expect the current market price of a share of Steve's Cider Shack common stock to be?

Assuming the cash dividend amount and the growth rate are accurate, what is the annual rate of return on your investment in Steve's stock if you purchased shares for $63 per share?
Business
1 answer:
mamaluj [8]3 years ago
8 0

Answer:

Check the following calculation

Explanation:

Current price : D0(1+g)/(Rs-g)

                  8 (1+.02)/(.13-.02)

                  8* 1.02 / .11

                   = $ 74.18 per share

2) Dividend: 8(1+.02) = 8.16

Annual rate of return : [P1- P0+D ]/P0

             [74.18 - 63 + 8.16 ]/63

                19.34/63

                  .3070 or 30.70%

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If the required reserve ratio
Radda [10]

Answer:

4

Explanation:

Formula:  1 / Reserve money ratio   ->    1 / 0.25 = 4

5 0
2 years ago
All of the following are steps in the marketing research process exceptA) collecting dataB) interpreting research findingsC) des
madreJ [45]

Answer: E- understanding your customer

Explanation: Marketing Research is the ability of an organisation to dig deep into its process of marketing and identifying problems that might affect the future of the organisation.

Most organisation do not take marketing research serious thereby cutting any budget set aside for this purpose. For a marketing research to be effective, there are processes to be followed and they are:

1. Identifying the problem

2. develop a marketing research plan

3. collect all relevant data

4. Analyse all data and report the findings

5.put your findings into action

8 0
3 years ago
The three-legged Ork, a space creature from the universe Warhammer, wears 1 right shoe and 2 left shoes. Which set of market bun
denis23 [38]

Answer:

6 right shoes and 12 left shoes

Explanation:

That Ork needs 2 left shoes for every right shoe, to match the feet configuration.

So, we have to look into the possible answers, which offers a 2 to 1 ratio for the left shoes.

<u>10 right shoes and 16 left shoes </u>

No. Left-shoes ratio is 1.6 not the 2 we need.

<u>12 right shoes and 12 left shoes </u>

No, the left-shoes ratio is 1, not the 2 we need.

<u>15 right shoes and 14 left shoes </u>

No, the left-shoes ratio is 14/15, less than 1, so not the 2 we need.

<u>6 right shoes and 12 left shoes</u>

YES!  The left-shoes ratio is 2, exactly what we need.

4 0
3 years ago
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data.
r-ruslan [8.4K]

Explanation:

a. Manufacturing overhead Flexible budget report

                                Budget      Actual      Favorable (Unfavorable)

Variable cost          

Indirect material      $11,100      $14,900     $3,800  U

Indirect labor           $11,000     $9,600      $1,400   F

Utilities                     $7,700      $9,100       $1,400   U

Maintenance            $5,500     $4,800      $700     F

Total Variable cost  $35,300    $38,400    $3,100  U

Fixed expenses

Supervisory Salary    $36,700   $36,700     0

Depreciation              $6,100       $6,100      0

Property, taxes          $7,400       $8,500    $1,100    U

Maintenance              $4,900      $4,900     0            U

Total fixed expense  $55,100     $56,200  $1,100    U

Total controllable

cost                             $90,400    $94,600   $4,200 U

b.          Manufacturing overhead Responsibility report

Controllable cost     Budget      Actual      Favorable (Unfavorable)

Indirect material      $11,100      $14,900     $3,800  U

Indirect labor           $11,000     $9,600      $1,400   F

Utilities                     $7,700      $9,100       $1,400   U

Maintenance            $10,400    $9,700      $700      F

Supervisory salaries$36,700   $36,700     0

Total                          $76,900   $80,000    $3,100  U

8 0
3 years ago
In the summer, ben often jogs during the middle of the day. when he exercises in these conditions, he sweats heavily. the recomm
stira [4]
In order for Ben to maintain his fluid balance, he should take huge amounts of liquid, and the best liquid that he should take is water. He should take and drink water when jogging, in order to keep himself hydrated as he sweats a lot and when he does not consume water with this behavior, he would likely be dehydrated as he loses the balance of maintaining liquid in his body.
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