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Olin [163]
3 years ago
13

Firestone Tires recently paid an annual dividend of $2.00 on its common stock. This dividend increases at an average rate of 3.8

percent per year. The stock is currently selling for $24.00 a share. What is the market rate of return
Business
1 answer:
Darina [25.2K]3 years ago
4 0

Answer:

Market rate of return = 12.45%

Explanation:

Below is the calculation of market rate of return.

D = Just pad dividend x (1 + growth rate)

D = 2 x (1 + 0.038)

D = 2.076

Now use the below formula to find the market rate of return.

Market rate of return = (D/current selling price) + Growth rate

Market rate of return = (2.076 / 24) + 0.038

Market rate of return = 12.45%

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The meaning of saving and investment Classify each of the following based on the macroeconomic definitions of saving and investm
kondor19780726 [428]

Answer:

All the options given are examples of investment.

Explanation:

Savings are what an individual has left after their spending has been deducted from their disposable income. Savings can increase income by investing the money saved. Investment is an item or asset gotten with aim of generating income. An investment simply means buying goods that are not for immediate consumption but generation of income.

All the options provided are investment examples. A certificate of deposit is given by the bank to an individual after a certain amount of money has been deposited and it generates interest. Also building a cabin , a laboratory and buying stock are investments.

3 0
3 years ago
Adventure Travel signed a​ 14%, 10-year note for​ $152,000. The company paid an installment of​ $2,200 for the first month. Afte
Likurg_2 [28]

Answer:

The principal​ balance is $151,573

Explanation:

For computing the principal balance, we need the following calculation which is shown below:

1. First we have to compute the 1 month interest payment which equals to

= Note amount × rate × 1 month ÷ total months in a year

= $152,000 × 14% × 1 ÷ 12

= 1773.33

2. Now deduct the first month interest  from installment amount which equals to

= Installment amount - Interest amount

= $2,200 - $1773.33

= $426.67

3. Now subtract step 2 amount from notes amount which equals to

= Notes amount - principal amount

= $152,000 - $426.67

= $151,573.33

Hence, the principal​ balance is $151,573

5 0
3 years ago
Fact Pattern: Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales tot
sasho [114]

Answer: <u><em>The accounting for customer food checks by the supervisor. </em></u>

An unfitting classification of responsibilities existed because the supervisor was accountable for accounting for customer food checks and depositing acknowledgment and had the quality to set POS totals .

<u><em>Therefore, the correct option is (a)</em></u>

3 0
3 years ago
retained earnings of $105000. During 2022, the company issued $79500 of common stock for cash. The company recorded revenues of
mr_godi [17]

Answer:

$111,000

Explanation:

net income for Skysong during 2022:

total revenues       $748,000

<u>- total expenses   ($637,000)</u>

net income              $111,000

Net income is not affected by new common stocks being issued, since no interests is paid.

It affects dividends because without net income dividends cannot be distributed, but dividends do not affect net income,

Retained earnings are increased by net income after taxes (= $111,000 x 79% = $87,690) - distributed dividends $36,000 = $51,690

7 0
3 years ago
Your buyer has just said, "Your machines break down more often than most of your major competitors' machines." You decide to rep
lakkis [162]

Answer:

From my view, the BEST example of indirect denial is E.

Explanation:

In the indirect denial method, We first directly agree with the customer's view point and then give a reason why that customer's view is not 100% accurate.

In E, we can clearly see this, you first say Yes by saying "that's true". and then gives a fair reason why your deal is still the best.

In the Option B, which seems an ok answer too, we don't directly agree with the customer's statement first.

Because of this, Option E is the most applicable answer.

8 0
3 years ago
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