We are forced to make choices in our day to day life because our resources are limited.
An example of this limited resources is our financial resources, we need to work to earn money to buy our necessities to live a comfortable life. Simply put, no work no pay. No pay, no food. No food, no life. So, no choice but work.
Answer:
250 hours.
Explanation:
Cost of course : $500
The extra income from the course is $2 per hour
to pay off the cost of the course requires earning $500 by working at a rate $2 per hour.
Number of hours required = $500/2
=250 hours.
Answer: $3.46
Explanation:
Given the following :
Current share price (P0) = $90 per share
Required return on stock= 8%
total return on the stock is evenly divided between a capital gains yield and a dividend yield ;
Therefore, Required return on stock= 8% ;
4% capital gain yield + 4% Dividend yield = 8%
Growth rate = 4% = 4/ 100 = 0.04
D1 = D0(1 + g)
D1 = value of next year's Dividend
D0 = current Dividend yield
g = Constant growth rate
D1 = current stock price * g
D1 = 90 * 0.04 = 3.6
D1 = D0(1 + g)
D0 = D1 / (1+g)
D0 = 3.6 / (1+ 0.04)
D0 = 3.6 / 1.04
D0 = $3.46
The delegates requested that each state write a constitution during the Second Continental Congress.
Answer:
<u>c. $2,018.00</u>
Explanation:
Lower of cost or market is the inventory valuation method which requires to record the inventory at a value lower of
- Initial cost of inventory ( Manufacturing cost or Purchasing cost )
- Market value of the Inventory ( Net realizable value of the market )
Product__Quantity__Cost per unit__Market per unit___ Lower ____Value
Jelly _____150 ______$2.00 ______2.15___________ $2.00____ $300
Jam _____ 370 _____ $2.65 ______2.50 __________ $2.50 ____ $925
Marmalade 260 _____ $3.10 ______3.05 __________ $3.05 ____ $793
Total Value ___________________________________________<u>$2,018</u>
