True: Zappos sells all four categories of consumer products (convenience, shopping, specialty, unsought).
Zappos carries products that are speciality and unsought by consumers. Using their website, you are able to conveniently order your products with customer service readily available to help. Zappos is convenient because they carry a wide-range of products, brands and styles. They have free shipping and free returns all year, which is something most retailers do not offer.
Answer:
Instructions are listed below
Explanation:
An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).
It follows the general structures:
Revenues (+)
Operating Revenue
Non-Operating Revenue
Total
Expenses (-)
Primary Activity Expenses
Secondary Activity Expenses
Total
Gains (+)
Losses (-)
Net income/loss
In this exercise:
Total revenues=$954210
Expenses:
Office expense 219470
Miscellaneous expense 19085
Wages expense 458020
Total Expenses=$696575
Net profit= $275635
Answer:
The current share price is $82.85
Explanation:
D1 = (2.85*1.25)
= 3.56
D2 = (3.56*1.25)
= 4.45
D3 = (4.45*1.25)
= 5.566
Value after year 3 = (D3*Growth rate)/(Required rate - Growth rate)
= (5.566*1.045)/(0.105 - 0.045)
= $96.95
current price = Future dividend and value*Present value of discounting factor
= 3.56/1.105 + 4.45/1.105^2 +5.566/1.105^3 + $96.95/1.105^3
= $82.85
Therefore, The current share price is $82.85
