Answer:
The price of the stock is expected to be $188.16 in 1 year.
Explanation:
This can be determined as follows:
Current price of the stock = Expected next dividend / Expected return = $24.87 / 15.2% = $163.62
Expected stock price in 1 year = Current price of the stock * (100% + Expected return)^Number of year = $163.62 * (100% + 15.2%)^1 = $188.16
Therefore, the price of the stock is expected to be $188.16 in 1 year.
Answer and Explanation:
The preparation of the cash budget for the month of March ended is presented below:
Cash Budget
Particulars Amount ($)
Opening Cash Balance 72,000
Add: Cash Receipts from Sales 300,000
Total Cash Available 372,000
Less:
Cash Payments
Purchases 140,000
Salaries 80,000
Cash Expenses 45,000
Repayment of Bank Loan 20,000
Total Payments -285,000
Closing Cash Balance 87,000
We simply deduct the all payments from the total cash available so that the ending balance of cash could come
Answer:
A. $57,000
B. $0.19 per mile
C. $14,630
Explanation:
A. The computation of the depreciable cost is shown below:
= Acquired cost - estimated residual value
= $69,000 - $12,000
= $57,000
B. The computation of the depreciable rate is shown below:
= Depreciable cost ÷ estimated useful life in miles
= $57,000 ÷ 300,000 miles
= $0.19 per mile
C. The computation of the units-of-activity depreciation for the year is shown below:
= Driven × depreciation per miles
= 77,000 miles × $0.19
= $14,630
The term consumer sovereignty means that what is produced is ultimately determined by what consumers buy.
- The following are some restrictions on consumer sovereignty: Productive powers: In a capitalist society, the consumer's degree of autonomy is constrained by the collectively held productive abilities.
- Technical knowledge level: With the current level of technology, any things created must satisfy the consumer.
- When businesses invite consumers to test products or hear pitches for new ideas, this is an example of consumer sovereignty in action.
- It grants consumers control over the decision-making process before goods are produced.
What does consumer sovereignty mean?
- consumer autonomy. the ability of customers to control production. variable market.
- a transaction in which businesses buy home inputs for production.
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The kind of money used by a group or nation is usually considered currency. Currency can be denominated in paper or coin money, but most currency today exists in bank balances throughout the world in non-physical (exists only on a computer or in a bank ledger) rather than in its physical form.