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lilavasa [31]
3 years ago
13

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.40, but management expects to reduce the p

ayout by 5 percent per year indefinitely. If you require a return of 14 percent on this stock, what will you pay for a share today?
Business
1 answer:
drek231 [11]3 years ago
3 0

Answer:

The correct answer is $57.

Explanation:

According to the scenario, the computation of the given data are as follows:

Dividend = $11.40

Growth rate = -0.05

Required rate of return = 0.14

So, we can calculate the price by using following formula:

Price = Dividend × ( 1 + Growth rate) ÷ ( return rate - growth rate)

By putting the value, we get

= $11.4 × ( 1 - 0.05) ÷ ( 0.14 + 0.05)

= $57

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In order to search the internet you need to use software referred to as a__?
Scorpion4ik [409]

Answer:

search engine

Explanation:

A search engine is software designed to search web pages on the internet. Search engines work to provide answers to information sought from the internet. They locate, organize, and present the information sought on a database called index.  

Yahoo and Bing are other examples of a search engine. It is the most known and most used.

7 0
3 years ago
Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to c
madam [21]

Answer:

a. Accounts Receivable (Dr.) $93,000

Bonus Receivable (Dr.) $2,325

Service Revenue (Cr.) $95,325

b. Service Revenue (Dr.) $9,300

Bonus receivable (Cr.) $9,300

c. Accounts Receivable (Dr.) $93,775

Bonus Receivable (Dr.) $775

Service Revenue (Cr.) $93,000

d. Cash (Dr.) $29,000

Bonus Receivable (Cr.) $29,000

Explanation:

The contract between Burger Boy and Velocity is for eight months.

Expected value of the contract on 1st month is :

80% * [ $93,000 * 8 months + $31,000 ] + 20% [ $93,000 * 8 months - $31,000] = $762,600

The expected value per month is $762,600 / 8 months = $95,325 per month

Expected value of the contract 5th month with revised probability is :

60% * [ $93,000 * 8 months + $31,000 ] + 40% [ $93,000 * 8 months - $31,000] = $750,200

The expected value per month is $750,200 / 8 months = $93,775 per month.

5 0
3 years ago
The Harleysville Manufacturing Shop produces motorcycle parts. Typically, 10 pieces out of a job lot of 1,000 parts are spoiled.
Murrr4er [49]

Answer:

B

Materials Control $ 250

Manufacturing Overhead Control $1,000

              Work-in-Process Control $1,250

Explanation:

spoilage rate: 10/1000 = 0.01=1%

the job requires 2,500 goods parts

total part required (considering spoilage)

\frac{requirement}{1-spolage} =$total needs

2,500 /(1-0.01) = 2500/ 0.99 = 2525.2525 = 2525

2525-2500 = 25 spoilage part

<u>Note:</u>

in this case you may think you can simple do 2,500 x 0.01

But if the spoilage rate is high or the amount of high is, then you will have an answer different than the correct method. Stick to the formula given.

25 part x 50 = 1,250

From the work in process, we will subtract this value, we will increase the spoilage materials inventory and charge the diference as actual overhead.

b.

Materials Control $ 250

Manufacturing Overhead Control $1,000

              Work-in-Process Control $1,250

4 0
3 years ago
I don’t understand this and need help
LuckyWell [14K]
I think tools, design, and materials
6 0
3 years ago
An incomplete cost of goods manufactured schedule is presented below.
svlad2 [7]

Completing the Cost of Goods Manufactured Schedule for Riverbed Company is as follows:

<h3>Cost of Goods Manufactured Schedule</h3>

Work in process (1/1)                             $222,600

Direct materials:

Raw materials inventory (1/1)                 $ 47,300

Add: Raw materials purchases              168,000

Total raw materials available for use $215,300

Less: Raw materials inventory (12/31)     24,500

Direct materials used                          $190,800

Direct labor                                          $114,500

Manufacturing overhead:

Indirect labor                 19,600

Factory depreciation   37,900

Factory utilities             72,600

Total overhead                                       130,100

Total manufacturing cost                  $658,000

Total cost of work in process           $658,000

Less: Work in process (12/31)                85,600

Cost of goods manufactured            $572,400

<h3>What is the Schedule of Cost of Goods Manufactured?</h3>

The Schedule of Cost of Goods Manufactured shows the costs of:

  • Beginning Work in Process
  • Raw materials used
  • Direct labor
  • Overhead
  • Less Ending Work in Process.

Thus, the Schedule of Cost of Goods Manufactured for Riverbed Company shows that the cost of goods manufactured for the period is <u>$572,400</u>.

Learn more about preparing the Schedule of Cost of Goods Manufactured at brainly.com/question/24257342

#SPJ1

6 0
2 years ago
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