1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goshia [24]
3 years ago
11

The Red Bud Co. pays a constant dividend of $2.40 a share. The company announced today that it will continue to do this for anot

her 2 years after which time they will discontinue paying dividends permanently. What is one share of this stock worth today if the required rate of return is 8.0 percent
Business
1 answer:
ElenaW [278]3 years ago
5 0

Answer:

$4.44

Explanation:

P0 = $2.40 / 1.08+ $2.40 / 1.08 = $4. 44

You might be interested in
Which law most likely prompted organizations to create codes of ethics and install ethics hotlines?
MAVERICK [17]

Answer:

B) Federal Sentencing Guidelines for Organizations Act.

Explanation:

The Federal Sentencing Guidelines for Organizations Act (FSGO) was passed on November, 1991, and it provides a guideline for organizations' compliance and ethics programs. It applies to virtually all types of private organizations, including corporations, partnerships, non-profits, labor unions, etc.

7 0
3 years ago
Roberto Designers was organized on January 1, 2018. The firm was authorized to issue 140,000 shares of $5 par value common stock
Phoenix [80]

Answer:

The total stockholder's equity at the end of the year will be $352,000.

Explanation:

The issue of common stock at $7/share= 14,000*$7=$98,000

The issue of common stock at $8/share= 28,000*$8=$224,000

The net income is $140,000.

The dividends paid= $70,000.

Purchase of treasury stock= 4000*$10=$40,000

The total stockholder's equity

=The issue of common stock at $7/share+The issue of common stock at $8/share+The net income-The dividends paid-Purchase of treasury stock

=$98,000+$224,000+$140,000- $70,000-$40,000

=$352,000.

7 0
3 years ago
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified
daser333 [38]

The answer is:<span>
"Trial Balance"

The full sentence will be as follow:
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a trial balance.
Trial Balance means a statement with all the debits and credits in an account book along with the mention of any difference showing a mistake.</span>

7 0
3 years ago
Hi-Tech, Inc., reports net income of $65.0 million. Included in that number are depreciation expense of $5.5 million and a loss
Greeley [361]

Answer:

Net Cash Flows from operating activities is $68.5 million.

Explanation:

The indirect Method would be used here because all we will find the cash expenses and revenues that were converted into within the year and are reported in the income statement by calculating the increase and decrease in the current assets and current liabilities. Here we will also eliminate the non cash expense effects by adding them back.

The net cash flows from operating activities can be calculated using the following method:

                                                                 Millions

1. Net Income                                                65

<u>Add Non Cash Deductions</u>

2. Depreciation                                             5.5

3. Loss on sale of Equipment                       1.5

<u>Add / (Less) the increase or </u>

<u>decrease in current Assets or </u>

<u>liabilities</u>

4. Increase in Trade Receivables                (2.5)

5. Increase in Trade Payables                      3.5

6. Increase in inventory                               <u> (4.5) </u>

Net Cash Flows from operating activities $68.5

4 0
3 years ago
Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine- hours.
ICE Princess25 [194]

Answer:

D

Explanation:

8 0
3 years ago
Other questions:
  • On December 31, Year 1, Jet Co. received two $10,000 notes receivable from customers in exchange for services rendered. On both
    11·1 answer
  • Quote from the scenario four challenges faced by the music industry
    14·1 answer
  • Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $ 40,000 Acco
    6·1 answer
  • In a market economy the factors of production are allocated by
    11·1 answer
  • Katya is developing a business message about a green initiative that her company is hoping to launch. In the process of creating
    10·1 answer
  • _________ entails evaluating a list of prospective customers and assessing their potential to purchase a product.Lead generation
    14·1 answer
  • Nature's Garden Inc. produces wood chips, wood pulp, and mulch. These products are produced through harvesting trees and sending
    7·1 answer
  • Select the correct answer.
    15·1 answer
  • __________ fairness refers to the perceived fairness of the process with which a firm handles customer complaints
    13·1 answer
  • _____ is a price tactic that tries to get consumers into a store through false or misleading price advertising and then uses hig
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!