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
ella [17]
3 years ago
10

The Oxford Heating Company has been very successful in the past four years. Over these years, it paid common stock dividend of $

4 in the first year, $4.20 in the second year, $4.41 in the third year, and its most recent dividend was $4.63. The company wishes to continue this dividend growth indefinitely. The expected growth rate in dividends is closest to
Business
1 answer:
kenny6666 [7]3 years ago
3 0

Answer:

The correct answer is 5%.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the growth rate by using following formula:

Growth rate = (Dividend of 3rd year ÷ Dividend of 1st year)^1/2 -1

By putting the value in the formula, we get

Growth rate = ($4.41 ÷ $4 )^1/2 - 1

= ( $0.41)^1/2 -1

= 0.05 or 5%

You might be interested in
A fee collected by a real estate agent upon the sale of a property is
vladimir2022 [97]
Real estate commission fee
3 0
3 years ago
Select the best definition of labor productivity:
dimulka [17.4K]
<span>Labor productivity is the ability to earn the highest amount of profit for a company for an employees time. Such as a chef, cooking 10 meals in an hour will bring in 100 dollars for those 10 meals and only gets paid 10 dollars. His labor productivity is earning the company 90 dollars for his time.</span>
8 0
3 years ago
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,500
FinnZ [79.3K]

Answer and Explanation:

The calculation of the revised net operating income per month in the following cases:

1. The sales volume increases by 50 units.

Sales revenue (8,550 units × $31) $265,050

Less: Variable expenses (8,550 units × $19) $162,450

Contribution margin $102,600

Less: Fixed expenses $55,200

Net operating income $47,400

2. The sales volume decreases by 50 units.

 Sales revenue (8,450 units × $31) $261,950

Less: Variable expenses (8,450units × $19) $160,550

Contribution margin $101,400

Less: Fixed expenses $55,200

Net operating income $46,200

3. The sales volume is 7,500 units.

 Sales revenue (7,500 units × $31) $232,500

Less: Variable expenses (7,500 units × $19) $142,500

Contribution margin $90,000

Less: Fixed expenses $55,200

Net operating income $34,800

6 0
2 years ago
The law of demand states that, other things equal, when the price of a good rises, the quantity demanded of the good rises, and
oksano4ka [1.4K]

The given statement about the law of demand is false and the appropriate law is explained below.

<h3>What is Law of Demand?</h3>

This refers to the economic principle which states that when there is an increase in demand for a product, then the price of the good will decrease.

With this in mind, we can see that the law of demand works with  the supply of goods as if for example there is an increase in price for a particular bar of soap, then the demand reduces.

Read more about law of demand here:
brainly.com/question/1078785

5 0
2 years ago
Flint Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The m
JulijaS [17]
Idkdkdkdkdkdkdkdnsnddnvijsplomkn
3 0
3 years ago
Other questions:
  • Qs 3-2 computing accrual and cash income lo c1 in its first year of operations, roma co. earned $64,000 in revenues and received
    9·1 answer
  • ____ refers to how the organization meets goals and deals with outsiders
    8·2 answers
  • Dunay Corporation is considering investing $750,000 in a project. The life of the project would be 11 years. The project would r
    15·1 answer
  • Salvia Company recently purchased a truck. The price negotiated with the dealer was $42,500. Salvia also paid sales tax of $2,50
    12·2 answers
  • Account Title Debit Credit
    14·1 answer
  • Sales and Production Budgets Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following
    13·1 answer
  • The market clearing price occurs at the ________ of the market demand curve and the market supply curve. It is also called the _
    5·1 answer
  • In general Accounts are split into Personal Accounts and ImpersonalAccounts<br> True<br> False
    13·1 answer
  • Craft Brewery Inc., a leading multinational beverage manufacturing company, coordinates with Waste Recycling Inc., a waste manag
    10·1 answer
  • A _____ is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activitie
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!