Answer:
option (c) 50,000
Explanation:
Number of shares of common stock issued and outstanding
= ( Price for Common Stock Authorized ) ÷ ( Market price of common stock per share )
given in the question:
Price for Common Stock Authorized = $600,000
Market price of common stock per share = $12
Therefore,
Number of shares of common stock issued and outstanding
= $600,000 ÷ $12
= 50,000
Hence,
the correct answer is option (c) 50,000
Answer:
a) Jane currently has $150,000 x (1 + 8%)¹⁰ = $323,838.75 in her account
in 20 years, she will have $323,838.75 x (1 + 5%)²⁰ = $859,240.61
b) we can use the future value of an annuity formula to calculate Hal's annual contribution.
future value = annual contribution x annuity factor
annual contribution = future value / annuity factor
- future value = $959,240.61
- FV annuity factor, 5%, 20 periods = 33.066
annual contribution = $959,240.61 / 33.066 = $29,009.88
Answer: have utility..
Explanation: in order for anything to have worth you must br able to use it and it must work properly
Businesses need to achieve points of parity in the market because: C. to sell products that are the same as those of competitors.
<u>Explanation</u>:
A point of parity is considered as an important element in the business. It helps in making the consumer to use your brand or product comparing with the product of the competitors.
The point of parity helps in negating the competitor's point of difference. The company can survive in the competitive business only if it follows and covers the point of parity. Point of parity helps to refocus your brand showing that it is good as compared to other competitive brand.
Answer:
r = 11.55%
Explanation:
Given that,
Annual dividend paid last week, D1 = $2.50
Dividend growth rate, g = 8%
current price of common stock = $76
Stock price = D1 ÷ (r - g)
$76 = [$2.50 × (1 + 8%)] ÷ (r - 8%)
$76 = 2.7 ÷ (r - 8%)
(r - 8%) = 0.0355
r = 0.0355 + 0.08
= 0.1155 × 100
= 11.55%
Therefore,
Return, r = 11.55%
