DeBeers is called a channel leader. There is the strength, determination, knowledge, and management to control the industry. He/She has a talent and strategy on distributing and delivery of the business through networks. He/She knows that market very well enough to control the 90% as said.
The current share price is approximately $69.47
<h3>
What is the Share price?</h3>
- The cost of one share of a group of marketable equity shares of a firm is known as the share price.
- Simply put, the stock price is either the lowest possible price or the maximum price someone is ready to pay for the stock.
- Analysts estimate the behavior of asset prices, especially share prices in stock markets, using random walk approaches in economics and financial theory.
- The share price method is predicated on the idea that investors behave logically and impartially and constantly appraise the value of an asset based on expectations for the future.
- In such a scenario, the price is influenced by all available information and is only subject to alteration in response to the release of new information.
Share price = $13.5 × Present value of annuity factor(11%,8)
Share price =$13.5 × 5.146122761
Share price =$69.47(Approx).
Hence, the current share price is approximately $69.47
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Answer:
At year-end, factory overhead is $21,000
Explanation:
Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)
Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs
Hence, Applied overhead costs= (20% * $1,810,000)
Applied overhead costs=$362000.
Hence balance in factory overhead account at year end = $383,000 - $362,000
=$21,000.
Answer:
The amount of the tax on a bottle of wine is $5 per bottle. Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $2 per bottle. True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers.
Explanation:
The amount of the tax on a bottle of wine is $5 ($3 + $2).
The burden on consumers is $3 ($9 - $6), which is the difference between the after-tax purchase price and the before-tax purchase price for consumers. This implies that the burden passed to consumers is $3 out of the total tax burden of $5.
The burden on producers is $2 ($6 - $4) which represents the difference between before-tax selling price and the after-tax selling price for the producers. This means that the burden passed to producers is $2 out of the total tax burden of $5.
If the tax burden were passed to the producers alone, the selling price would have been more than $11 ($6 + 5). This would have reduced demand for wine as consumers would have been forced to bear the total burden. This would have made the tax unequitable. This would have been the case unless demand is inelastic. That means that the total demanded is not sensitive to price increases.