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nignag [31]
3 years ago
13

The next dividend payment by Savitz, Inc., will be $1.68 per share. The dividends are anticipated to maintain a growth rate of 6

percent forever. If the stock currently sells for $32 per share, what is the required return
Business
1 answer:
olasank [31]3 years ago
7 0

Answer:

The answer is 11.25%

Explanation:

Solution

Given that:

The next step to take is to calculate the required rate of return which is shown below:

The required rate = D₁/P₀₀ + g

Thus,

$1.68/$32 + 0.06%

=0.0525 + 0.06

=0.1125 or 11.25%

Therefore, the required rate of return is 11.25%

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On October 1, 20XX, Bartley Corporation issued 5%, 10-year bonds with a face value of $500,000 at $520,000. The entry to record
babymother [125]

Answer:

b) credit of $520,000 to Bonds Payable

Explanation:

Date        Accounts titles and explanation       Debit        Credit

Oct. 1       Cash                                                  $520,000  

                       Premium on bonds payable                       $20,000

                       Bonds payable                                            $500,000

               (To record the issuance of bond at premium)

5 0
3 years ago
Suppose Scott has a budget of $56 that he spends on movies (Q1) and roller skating (Q2). The price of movie tickets recently inc
8090 [49]

Answer:

1.6 Q1 + 0.875 Q2 = $56

Explanation:

Budget constraint equation represents the total budget allocation to different activities under consideration.

old Budget Constraint

Q1 + Q2 = $56

New Budget Constraint

(Q1)*8/5 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*0.875 = $56

1.6 Q1 + 0.875 Q2 = $56

So best answer made based on data available.

5 0
3 years ago
9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what wo
Fed [463]

Answer:

You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.

Explanation:

4 0
3 years ago
Hubert is a stay-at-home parent who lives in New York City and teaches tennis lessons for extra cash. At a wage of $35 per hour,
kkurt [141]

Answer and Explanation:

The computation of the midpoint elasticity is as follows;

Midpoint elasticity

= (Change in labor supplied ÷ Average labor supplied) ÷ (Change in wage rate ÷ Average wage rate)

= [(8 - 4) ÷ (8 + 4) ÷ 2] ÷ [$($45 - $35) ÷ $($45 + $35) ÷ 2]

= [4 ÷  (12 ÷ 2)] / [$10 ÷ ($80 ÷ 2)]

= (4 ÷ 6)  ÷ ($10 / $40)

= 0.67 ÷ 0.25

= 2.68

As the elasticity is more than 1 so the supply of labor should be elastic

4 0
3 years ago
On November 1, 2020, ABC, Inc., received a 3-month, $1,500 note receivable with the 8% annual interest and principal to be colle
LiRa [457]

The amount of interest revenue that should be recorded for the year ended December 31, 2020 is $20 .

<h3>Interest revenue </h3>

Interest revenue represents how much interest a company earned during a specific time period. This is interest earnings on any investments the business has or debts it has provided to an individual or other entity.

Learn more about interest revenue here :

brainly.com/question/19165765

#SPJ4

7 0
2 years ago
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