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Nuetrik [128]
3 years ago
6

Schaeffer Shippers announced on May 1 that it will pay a dividend of $1.20 per share on June 15 to all holders on record as of M

ay 31st. The firm's stock price closed today at $42 a share. Assume all investors are in the 28 percent tax bracket. If tomorrow is the ex-dividend date, what would you expect the opening price to be tomorrow morning assuming all else is held constant
Business
1 answer:
VLD [36.1K]3 years ago
7 0

Answer:

$41.14

Explanation:

Declared dividend per share = $1.20

Tax on declared dividend per share = $1.20 * 28% = $0.3360

Net Declared dividend per share = $1.20 - $0.3360 = $ 0.864

Firm's closing stock price per share today = $42

Opening share price tomorrow = $42 - $0.8640 = $41.1360, approximately $41.14.

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In mid-October, Lambert expects to buy a new computer for $4,500 using the company credit card. Typically, the credit card bill
vfiekz [6]

Answer:

$6,000

Explanation:

Since it is stated in the question that "Typically, the credit card bill is paid in full in the following month", it implies that cash will be disbursed in October for purchases of goods made in September, while cash will be disbursed in November for purchases of goods made in October.

Based on this, Lambert's expected cash disbursement in October for purchases of goods made in September is $6,000, while his expected cash disbursement in November for purchases of goods (a new computer) made in October is $4,500.

8 0
3 years ago
PLEASE HELP ASAP (EASY)
butalik [34]

Answer:

2

Explanation:

you're capable of reaching more people with a website

7 0
3 years ago
List the four responsibilities businesses have to customers.
Rainbow [258]

Answer:

good luck bro you got this

Explanation:

to provide after-sale service on the basis of the nature of a product

to provide information about the changes introduced by the business

to take necessary steps to improve quality, reduce price and develop the network for distribution

to supply better quality goods at the right time at a reasonable price

4 0
3 years ago
12. Hector works in a gas station and earns $8.60 per hour. Last week he
dangina [55]
I could be wrong but his gross pay is 249.4
5 0
3 years ago
Congratulations! You won a prize in a contest! There are two choices: take the $500 prize today or wait one year and take the $5
natulia [17]

Answer:

$15

Explanation:

The formula for calumniating compound interest is as below

A= P x ( 1 + r) ^1

For this case

A= Amount after one year

P = principal: $500

r= Interest rate 3% or 0.03

n = time in years: 1

A= $500 x ( 1 + 0.03) ^ 1

A = $500 x(1.03)

A= $500 x 1.03

A =$515

The interest missed is the future value -  amount collected after one year.

=$515- $500

=$15

6 0
2 years ago
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