Answer and Explanation:
The computation is shown below:
The formula is
APR = P × {(EAR + 1 )^(1 ÷ P) - 1}
1. For semi annually
= 2 × (0.106 + 1)^(1 ÷ 2) - 1}
= 10.33%
2. For monthly
= 12 × (0.115 + 1)^(1 ÷ 12) - 1}
= 10.93%
3. For weekly
= 52 × (0.092 + 1)^(1 ÷ 52) - 1}
= 8.81%
4. For infinite
= 365 × (0.129 + 1)^(1 ÷ 365) - 1}
= 12.10%
Answer:
Consider the following calculations
Explanation:
The price per share is computed as shown below:
Present value of equity is computed as follows:
= $ 10 million / 0.13
= $76,923,076.92
Now we shall divide it by the number of shares to get the price per share
= $76,923,076.92 / 5,000,000
= $ 15.38 per share
Feel free to ask in case of any query relating to this question
Answer:
Hilary is a retired teacher who lives in Miami and does some consulting work for extra cash. At a wage of $50 per hour, she is willing to work 10 hours per week. At $65 per hour, she is willing to work 19 hours per week.
Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately 2.37 , which means that Hilary’s supply of labor over this wage range is elastic.
Explanation:
Midpoint elasticity = (Change in labor supplied / Average labor supplied) / (Change in wage rate / Average wage rate)
= [(19 - 10) / (19 + 10) / 2] / [$(65 - 50) / $(65 + 50) / 2]
= [9 / (29 / 2)] / [15 / (115 / 2)]
= (9 / 14.5) / (15 / 57.5)
= 0.62/0.26
Midpoint elasticity = 2.37
Once elasticity is greater than 1, supply of labor is Elastic.
Answer:
Dr Land $146,440
Cr Common stock (3,380 shares×$12 par value) $40,560
Cr Paid in Capital in excess of Par common stock $105,880
Explanation:
Arasota Company Journal entry
Dr Land $146,440
Cr Common stock (3,380 shares×$12 par value) $40,560
Cr Paid in Capital in excess of Par common stock $105,880
The cost of equity from retained earnings based on the DCF approach=9.44%
Explanation:
- The cost of equity from retained earnings based on the DCF approach can be calculated as follows,
- Therefore, rs =
+ g
