Answer:
$10.82
Explanation:
The computation of one share of stock is shown below:-
Expected dividend = Annual dividend × (1 + Growth rate)
= $1.42 × (1 + 1.3%)
= $1.42 × 1.013
= $1.44
Stock value = Expected dividend ÷ (Required return - Growth rate)
= $1.44 ÷ (14.6% - 1.3%)
= $1.44 ÷ 13.30%
= $10.82
Therefore for computing the stock value we simply applied the above formula.
The money that has been set aside for emergency situations can be ideally used for paying the phone bill at first.
Option C is the correct answer.
<h3>What is an emergency fund?</h3>
An emergency fund is an amount that is kept by an individual out of their earned income which is further to be used in uncertain times.
An emergency fund has been created to meet the contingencies in life that can be in the form of repairs of any equipment, medical problems, loss of job, etc. This fund helps the individual in uncertain times when he/she is in need of funds.
Therefore, the phone bill should be paid first from the emergency fund then the rest of the expenses to be considered.
Learn more about the emergency fund in the related link:
brainly.com/question/14826786
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<em>MISSING INFORMATION:</em>
concept // Year 2 // Year 1
Sales 7,620 7,450
Account Receivables 655 588
Answer:
Yes, there is. The days to collect increase by 4.16 to 29.77 from 26.61
Which is a bad sing as the company delays more to collect form their customers
Explanation:
Account Receivable turnover:
Average receivable:
(458 + 588 ) / 2 = 523
7,450 / 523 = 14.25
Days to collect: 365 / 14.25 = 25,61
Second Year:
Average receivable: (655 + 588) / 2 = 621.5
Turnover: 7,620 / 621.5 = 12.26
Days to collect: 365 / 12.26 = 29,77
29.77 - 25.61 = 4.16
Answer:
$62,160
Explanation:
Given:
Purchase price = $300,000
Down payment = 10% of purchase price = 0.1 × $300,000 = $30,000
Thus,
the cumulative amount to be financed = $300,000 - $30,000 = $270,000
The present value of an annuity of $1 per year for 8 years at 16% = $4.3436
Now,
Annual payment
= ( Cumulative Amount financed ) / ( Cumulative PV factor at 16% for 8 years)
= $270,000 / 4.3436
= $62,160.42
≈ $62,160
Given:
tuition: 180,000 per year
period to save: 18 years
annual rate of return : 6%
FV = PV * (1+r)^t
180,000 = PV * (1 + 0.06)¹⁸
180,000 = PV * (1.06)¹⁸
PV = 180,000 / (1.06)¹⁸ = 180,000 / 2.854 = 63,069.38
Jack and Jill will have to invest 63,069.38 in the first year to have a total of 180,000 after 18 years.
Using Future Value Annuity formula:
FV of Annuity = P [{(1+r)^n - 1} / r]
180,000 = P [{(1.06)¹⁸ - 1} / 0.06]
180,000 = P (30.906)
P = 180,000 / 30.906
P = 5,824.11
Jack and Jill will have to deposit 5,824.11 every end of the year for the total to reach 180,000 after 18 years.
