Answer:
$41.69.
Explanation:
P9 = Next dividend / Required rate - Growth rate
P9 = $5 / 8% - 2%
P9 = $5 / 6%
P9 = $5 / 0.06
P9 = $83.33
So, the stock price for 9th year is $83.33
Current stock price = P9 / (1 + Required rate of return)
Current stock price = $83.33 / (1+0.08)^9
Current stock price = $83.33 / (1.08)^9
Current stock price = $83.33 / 1.9990046271
Current stock price = 41.68574643115692
Current stock price = $41.69
Therefore, the current stock price is $41.69.
Answer:
Units of production method: $76,820
Explanation:
The three most common depreciation methods are: straight line, double-declining, and units of production. We will calculate the depreciation expense for each.
Straight line method:
Depreciable amount= cost - residual value
= 240,000 - 40,000
= 200,000
Depreciation by year = depreciable amount / years of useful life
= 200,000 / 8
= 25,000
Double declining method
Depreciation per year = depreciable amount x (2 / useful life in years)
= 200,000 x (2 / 8)
= 50,000
Units of production method
Depreciation per unit = depreciable amount / hours of operation
= 200,000 / 12,000
= 16.7
Total depreciation = depreciation per unit x actual units of operation
= 16.7 x 2,400 + 2,200
= 16.7 x 4,600
= 76.820
Therefore, the units of production method results in the highest depreciation expense among the three.
Answer:
0.2308 or 23.08%
Explanation:
Mean (μ) = $12.50
Standard deviation (σ) = $3.25
Assuming a normal distribution, for any given fare X, the z-score is calculated as:

For X = $15.00, the z-score is:

A z-score of 0.7692 corresponds to the 77.91-th percentile of a normal distribution. Therefore, the probability that a fare exceeds $15.00 is:

The probability that a specific fare will exceed $15.00 is 0.2308.
The Opening price of the Dow Jones Industrial Average on May 16, 2017, in the format of XXXXX.XX was 20,984.48.
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
So, Dow Jones was 20,984.48 on May 16, 2017.
To know more about Dow Jones, refer to:
brainly.com/question/2685954
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According to vifredo pareto, these three factors would be referred to as 80/20 rule. 80% of the problems come from 20% of the workers