7. In a mission statement, the phrase striving for honesty and integrity represents the ______

R. E. Lee recently took his company public through an initial public offering. He is expanding the business quickly to take adva

Ilia_Sergeevich [38]

Answer: $77.13

Explanation:

Based on the information given in the question, the current price of Lee's stock will be calculated thus:

First, the required rate of return will be:

= 8% + (1.5 × 6%) = 8% + 9% = 17%

Year 1:

Cash flow: 1.05

Present value: 0.90

Year 2:

Cash flow: 1.47

Present value: 1.07

Year 3:

Cash flow: 2.06

Present value: 1.28

Year 4:

Cash flow: 118.34

Present value: 73.88

The current price of Lee's stock will be:

= 0.90 + 1.07 + 1.28 + 73.88

= 77.13

The current price of Lee's stock is $77.13.

8 0

3 years ago

A certain town in the Midwest obtains all of its electricity from one company, North-star Electric. Although the company is a mo

Jlenok [28]

Answer:

False

Explanation:

Therefore, since the monopoly price is higher than marginal cost and also less than the competitive quantity is produced, there will be a deadweight loss even if all the profits are given back to the citizens.

A monopolist market qualities includes the charge of a higher price, produces a smaller quantity of output and gives or generate a dead weight loss to society. Usually for a monopoly to be achieved, price does not need to equal marginal cost. Monopolies is therefore not or cannot charge any price they want. .

4 0

3 years ago

An engaged couple is meeting with a bakery to order their wedding cake. They want a cake that will represent their individual st

IRINA_888 [86]

Answer:

The correct answer is E. micromarketing.

Explanation:

Micromarketing is the personalization of sales actions by deep knowledge of the interests and habits of the individual consumer.

This is how micromarketing is defined, a practice that tends to become general to reach a more specific type of audience. Under this strategy, the target audience is considered as a sum of micro-segments, of unique but large market niches. With more precise promotions and actions. Other criteria could be specific interests, age, sex, common activities or geolocation.

Segmented marketing achieves the best results for companies if costs are under control. With micromarketing, advertising efforts focus on a small, very specific group of consumers who share similar needs.

3 0

3 years ago

In 1903, for the first time in u.s. history, congress passed a law declaring that a person holding a specific political viewpoin

mojhsa [17]

In 1903, the congress passed a law declaring that a person holding a specific political viewpoint could be banned from entering the nation, these were the <u>anarchists</u>.

<h3>Who are the anarchists?</h3>

These are group of people that holds the theory that is skeptical of the justification of authority and power, they pursues that cluster of doctrines and attitudes centered on the belief that government is both harmful and unnecessary.

The first person to be call an anarchist was the French writer called Pierre-Joseph Proudhon. In his study, he argued that the real laws of society have nothing to do with authority but rather stem from the nature of society itself and he foresaw the eventual dissolution of authority and the emergence of a natural social order.

Read more about anarchists

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#SPJ1

6 0

2 years ago

Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, an

WINSTONCH [101]

Answer:

1. Grinding Department's equivalent units of production for materials and conversion in May.

materials : 395,000

conversion : 368,600

2. Grinding Department's costs per equivalent unit for materials and conversion for May.

materials : $2.35

conversion : $1.00

3. Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May.

materials : $2.35×88,000 = $206,800

conversion : $1.00×61,600 = $ 61,600

Total : = $268,400

4. Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May.

materials : $2.35×307,000 = $ 721,450

conversion : $1.00×307,000 = $ 307,000

Total : = $1,028,450

Explanation:

1. Grinding Department's equivalent units of production for materials and conversion in May.

<u>materials </u>

Closing Work In Process Inventory 100% = 88,000

Completed and Transferred 100% = 307,000

Total = 395,000

<u>conversion </u>

Closing Work In Process Inventory 70% = 61,600

Completed and Transferred 100% = 307,000

Total = 368,600

2. Grinding Department's costs per equivalent unit for materials and conversion for May.

<em>costs per equivalent unit = Total Cost / Total equivalent units</em>

materials = ( $709,250+$219,000)/395,000

= $2.35

conversion = ( $280,600+$88,000)/368,600

= $1.00

3. Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May.

materials : $2.35×88,000 = $206,800

conversion : $1.00×61,600 = $ 61,600

Total : = $268,400

4. Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May.

materials : $2.35×307,000 = $ 721,450

conversion : $1.00×307,000 = $ 307,000

Total : = $1,028,450

6 0

3 years ago

7. In a mission statement, the phrase striving for honesty and integrity represents the _______ of the organization.