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2 years ago

What do statistics show about most Americans’ financial management?

Business

1 answer:

anzhelika [568]2 years ago

7 0

Answer:

46%of Americans couldn't come out with $400 in an emergency

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The stock price of Baskett Co. is $53.40. Investors require a return of 12 percent on similar stocks. If the company plans to pa

Gemiola [76]

Answer:

Growth Rate = 5.73%

Explanation:

The present value of stock formula can be used here to solve this problem.

The formula is:

$P_0=\frac{Div_1}{r-g}$

Where

$P_0$ is the current stock price

$Div_1$ is the dividend to be paid next year

r is the rate of return required

g is the growth rate expected

Now, the first 3 variables are given, we need to find g. Substituting, we find our answer:

$P_0=\frac{Div_1}{r-g}\\53.40=\frac{3.35}{0.12-g}\\53.40(0.12-g)=3.35\\6.408-53.40g=3.35\\53.40g=3.058\\g=0.0573\\$

In percentage, it is

<u>Growth Rate = 5.73%</u>

7 0

2 years ago

Consider the following information pertaining to OldWest's inventory:

kipiarov [429]

Answer:

$2,664

Explanation:

Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.

Product Quantity Total Cost Total Net Realizable Value

Revolvers 13 $126 $155

Spurs 22 $32 $27

Hats 9 $58 $48

Choosing Which one is lower for each product

Product Quantity Rate Total Value

Revolvers 13 $126 $1,638

Spurs 22 $27 $ 594

Hats 9 $48 $432

Total Closing Inventory Value = $1,638 + $594 + $432 = $2664

4 0

2 years ago

When Marcus sent his daughter to college, he purchased a house near campus for $95,000. Empty lots in the area sold for approxim

Ugo [173]

Answer:

correct answer is (A) $85,000

Explanation:

given data

purchased house = $95,000

Empty lots area sold = $10,000

fair market value = $160,000

land price rise = $20,000

solution

we can say here that fair market value is more than the fair preface of home

so adjusted introduce will be explanation behind weakening

and

basis depreciation of the house will be

basis depreciation of the house = $95000 - $10000

basis depreciation of the house = $85000

so correct answer is (A) $85,000

5 0

3 years ago

If Texia specializes in food, it can produce 1,000 units of food and 0 units of clothing this year. If it specializes in clothin

Sati [7]

Answer:

Texia; Texia

Explanation:

A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Texia can produce 1000 units of food while Urbania can produce 500 units of food . Texia produces more food

Texia can produce 500 units of clothing while Urbania can produce 200 units of clothing. Texia produces more clothing

Texia has an absolute advantage in both activities

3 0

2 years ago

Scenario: Scooters Inc. Scooters Inc. is a producer of pricey scooters. The company's profits come mostly from the sales of its

goldfiish [28.3K]

Answer:

Dual pricing strategy.

Explanation:

Dual pricing strategy: It is a pricing strategy to sell at one price in the local market and a different prices for the international market to customize the price of the product as per the market condition and cost incurred by the company. It is more sensitive toward market condition and it avoids standardizing the price in the global market to gain more demand of product and pricing could be used as a strategic weapon to penetrate the market or to gain more profit from the market.

Hence, Scooters Inc. is using dual pricing strategy.

4 0

2 years ago