Answer:
The required rate of return for Johnson and Johnson is 16.85%
Explanation:
Johnson and Johnson paid an annual dividend of $2.110 last year, the geometric growth rate was 13.04 percent during last ten years.
To find out the expected dividend to be paid be Johnson and Johnson this year.
= [$2.110(1.1304)]
= $2.385
Required Rate of Return is calculated by the following formula,
R = 
R = 2.385/62.55 + 0.1304
R = .1685, or 16.85%
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales (10,000 units)$350,000 ($35.00)
Variable expenses= 200,000 (20.00)
Contribution margin= 150,000 ($15.00)
Fixed expenses 135,000
Net operating income= $15,000
1) Sales= 10,100 units
Contribution margin= (10,100*15)= 151,500
Fixed costs= (135,000)
Net income= 16,500
2) Sales= 9,900 units
Contribution margin= (9,900*15)= 148,500
Fixed costs= (135,000)
Net income= 13,500
3) Sales= 9,000 units
Contribution margin= (9,000*15)= 135,000
Fixed costs= (135,000)
Net income= 0
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It is important to understand the legal and ehtical issues in photography because you are taking photos of families, friends, children and ost of the time, you have no relation to them. Most photographers will develope a contract that outlines what the photographers rights that they have with the photos and likewise for the customer. It is important to understand who's property they are and how the rights to the photos are distriputed so that there is no sueing over misuse of photos.
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