Answer:
Ending inventory= $5,040
Explanation:
Giving the following information:
Beginning Inventory= 1000 units for $7.20
Mar. 10: Purchase= 600 units for $7.25
Mar. 16: Purchase= 800 units for $7.30
Mar. 23: Purchase= 600 units for $7.35
Marvin sold 2,300 units.
Under the LIFO inventory method, the ending inventory cost is calculated using the first units incorporated to inventory.
Ending inventory in units= total units - units sold
Ending inventory in units= 3,000 - 2,300= 700 units
Ending inventory= 700*7.2= $5,040
Answer:
Price of stock = $40
Explanation:
According to the dividend growth model, the price of a stock is the present value of expected dividend discounted at the required rate of return.
This is done as follows:
Price of a stock = D×(1+r)/(r-g)
D(1+g) - Dividend for next year = 100%-40%× $3 = $1.8
g- growth rate - 10%
r- required rate of return - 15%
Price of stock = 1.8× (1.1)/(0.15-0.1)
= $40
It effects how money is moved around the united states. They will hire more companies, such as contractors. Those contractors will hire other companies to do said work, they companies will hire workers. However it creates more jobs, and more government spending.
B. To raise money to a grow a company.
Stock is equity in a company that is used to help fund the expenses of a company, particularly when they are looking to grow beyond their current revenue sources. It is most useful when a company anticipates growing its revenues or decreasing its expenses through using this new capital in order to deliver a positive return for its equity investors who hold the stock certificates.