180 days of the most recent paycheck reflecting the discrepancy.
Answer: Po = D1/Ke + g
$34.75 = D1/0.104 + 0.039
$34.75 -0.039 = D1/0.104
$34.711 = D1/0.104
D1 = 34.711 x 0.104
D1 = $3.61
Explanation: In this question. there is need to apply the formula for determining the current market price of a common stock. The current market price of a common stock is a function of next dividend capitalised at the appropriate cost of equity plus growth rate. in addition, we need to make the next dividend the subject of the formula.
Answer:
Break-even point in units= 33,333.33 units
Explanation:
<em>The break-even point (BEP) is the quantity of each product to be sold such that the business makes no profit or loss. </em>
The beak-even point can be determined as follows:
The Break-even point in sales = Total general fixed cost / Contribution per unit margin
Contribution per unit = Contribution margin ration × selling price
= 40%×11.25 =4.5
The break-even point (in unit) = 150,000/ 4.5
=33,333.33
break-even point in units= 33,333.33 units
Answer:
Interest= $26,131.91
Explanation:
Giving the following information:
Annual deposit= $2,000
Number of periods= 20 years
Interest rate= 5%
<u>First, we need to calculate the future value using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,000*[(1.05^20) - 1]} / 0.05
FV= $66,131.91
<u>Now, we can determine the interest earned:</u>
Interest= future value - total investment
Interest= 66,131.91 - 20*2,000
Interest= $26,131.91
Answer:
- Other Comprehensive income = $37,500
- Comprehensive income = $154,500
Explanation:
Other comprehensive income:
= Realized gain on sale of available-for-sale debt securities + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income
= 11,000 + 34,000 - 7,500
= $37,500
Comprehensive income = Net income + Other comprehensive income
= 117,000 + 37,500
= $154,500
