Answer: Burkhardt Corp.'s current share price is $69.47.
The current share price of a stock can be viewed as the present value of its expected dividends.
In this case, the stock price will be the sum of the discounted value of the dividends over each of the next eight years.
Mathematically we can express this as:
Substituting the values we get,
Solving the above equation we get,
Answer:
The conquest of Constantinople by the Ottomans marked the end of the Byzantine Empire. It also significantly weakened the position of the Orthodox church compared to the Catholic church.
Islam was the official religion of the Ottoman Empire. The highest position in Islam, caliphate, was claimed by the sultan, after the defeat of the Mamluks which was established as Ottoman Caliphate. The Sultan was to be a devout Muslim and was given the literal authority of the Caliph.
The fall of the city removed what was once a powerful defense for Christian Europe against Muslim invasion, allowing for uninterrupted Ottoman expansion into eastern Europe.
Hope this helps!
(btw im muslim:)
Answer:
(B) Demand for XYZ’s Corn = Horizontal ; XYZ’s Labor Demand = Downward Sloping
Explanation:
If Firm XYZ produces and sells corn in a perfectly competitive market and hires its workers in a perfectly competitive labor market, the statement that best describes the demand curve for XYZ's corn and XYZ's demand curve for labor is: Demand for XYZ’s Corn = Horizontal ; XYZ’s Labor Demand = Downward Sloping.
In a perfectly competitive market for commodities, <u>the demand curve is horizontal because demand is equal to average revenue and is also equal to marginal revenue.</u>
However in the perfectly competitive labor market, the case is different because the wage rate is set by the industry not just one firm, and demand for factors of production such as labor has an inverse relationship with the wage rate.
Furthermore, the law diminishing returns affects the demand for labor because as the firm adds more and more worers, the marginal productivity of each will decline. H<u>ence MP (marginal productivity) is less than AP (average productivity) which leads to a downward sloping demand curve</u>
Answer:
Weak or Indirect.
Explanation:
This intells that marketing a plastic product could be hard and of low advantages. Dealing with the fact that its degradation does not come off easily like wood and paper.
The existence of substitute product offers customers different choices and allows them options within the industry and beyond it to products that may fulfill a similar need. In more generic products, there are often more than one ways to address a particular need.
