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
Pat maninen earns a gross salary of $3,000 each week. assume a rate of 6.2% on $118,500 for social security and 1.45% for medica
Sonbull [250]
Answer:

Social Security = $186.00
Medicare = $43.50

Explanation:

Since the given rate for Social security is 6.2%, the first week deduction is 6.2% of gross weekly salary, which is $3,000. Hence, the first week deduction for Social Security is given by

Social Security Deduction = 6.2% of $3,000
                                          = 0.062 × 3,000 (Change 6.2% to decimal)
                                          = $186.00

Similarly, since 1.43% is the given rate for medicare, the first week deduction is 1.43% of the gross weekly salary, which is $3,000. Thus, the first week deduction for medicare is given by

Medicare Deduction = 1.43% of $3,000 
                                 = 0.0143 × 3,000
                                 = $43.50

7 0
3 years ago
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2
Amiraneli [1.4K]

Answer:

Predetermined manufacturing overhead rate= $42 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead= $924,000

Estimated direct labor hours= 22,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 924,000/22,000

Predetermined manufacturing overhead rate= $42 per direct labor hour

4 0
3 years ago
The management of warby parker believes that its operations must be grounded in
Zina [86]

Answer:

Warby Parker is an eye glass manufacturing company, that manufacturers designer glasses that are cost effective. The management of Warby Parker believes that it's operations must be grounded in Cooperate Social Responsibility

Explanation:

Warby Parker is an eye glass manufacturing company, that manufacturers designer glasses, that are cost effective. The management of Warby Parker believes that it's operations must be grounded in Cooperate Social Responsibility

3 0
3 years ago
Because internals seem to have a greater belief that their actions have a direct effect on the consequences of that action, they
Sergeu [11.5K]

Answer:

True

Explanation:

Incentive compensation is a system designed to motivate and reward performance. The objective of incentive compensation is staff motivation.

Most organizations employ incentive compensation as a way of encouraging their employees to work, meet and exceed target required of them by the company.

Examples of incentive compensation are bonus or profit sharing, sales comission.etc

If employees know that their actions have a direct effect on the consequences of their action, they would increase their productivity due to severance packages attached to their output like bonus , commission etc.

4 0
3 years ago
Which of the following is an example of proper texting etiquette?
Rudik [331]

Answer:

a.

Explanation:

From all of the answers provided it can be said that the one that is an example of proper texting etiquette would be applying the same timing guidelines to sending and receiving text messages that you would for speaking on the phone (such as not during a meeting or when in a social setting). Individuals want to receive a response to their text as soon as possible but at the same time do not want to be disturbed when they are in an important meeting, therefore knowing when and when not to send a message is just part of proper texting etiquette.

5 0
3 years ago
Other questions:
  • The stockholders’ equity section of Pretzer Corporation consists of common stock ($10 par) $2,650,000 and retained earnings $532
    10·1 answer
  • Winston was promoted thrice in the very first year of his service. His managers stated that he was the "fastest worker they have
    5·1 answer
  • A​ BBB-rated corporate bond has a yield to maturity of 7.7 %. A U.S. treasury security has a yield to maturity of 6.3 %. These y
    8·1 answer
  • Charles Zimmerman owns an acre of swampy land just off the interstate. He would like to pave the surface and build a gas station
    9·1 answer
  • If you are planning to carry a large balance on your credit card,following credit card features should you look for
    15·1 answer
  • The SBA provides information for which group of people?
    11·1 answer
  • make price and output decisions without regard to what their competitors might do. have no perceptible influence on the market p
    14·1 answer
  • To attract customers into a store, Safeway advertises its milk at less than cost, hoping that customers will purchase other groc
    6·1 answer
  • Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31
    12·1 answer
  • Which work value is most likely to be important in a person's career choice?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!