Answer:
The value of the stock today is $33.33
Explanation:
The constant growth model of the DDM approach will be used to calculate the value of this stock today.
The formula for Value of the stock today using the constant growth model is,
V or P0 = D1 / r - g
The Value of the stock today is,
V or P0 = 3 / (0.13 - 0.04)
V or P0 = $33.33
Answer:
Correct option is (a)
Explanation:
For any venture to be successful, it starts with a vision or idea. In this case, Greg is confident that he will be able to convince US Car manufacturers to purchase his fuel efficient car even though his friends were doubtful if his product will be accepted by car manufacturers.
He also had a clear vision as his goal was to make US economy energy efficient. Vision is to have a positive outlook regarding future.
It can be inferred that Greg has both vision and confidence
Answer:
Check the following explanation
Explanation:
When changing from the average cost method to FIFO, the company: Multiple Choice Includes in current year’s income the cumulative after-tax difference that would have resulted if the company had used FIFO in all prior years.
Answer:
Interest Revenue for $37.50
Explanation:
The interest that has accrued on the note receivable from December 16 till December 31(for 15 days) needs to be recognized at the end of the year since the interest for those days has been earned.
Based on 30-day month counting, the interest that would be credited to interest revenue and debited to interest receivable on 31 December is computed thus:
interest receivable=$15000*6%*15/360
interest receivable=$37.50
Answer:
C
Explanation:
C. compensation of employees + proprietors' income + indirect business taxes + rental income + net interest