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alina1380 [7]
3 years ago
11

19. Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $2.30 a share. The company has promise

d to maintain a constant dividend. How much are you willing to pay for one share of this stock if you want to earn a return of 11.60 percent on your equity investments
Business
1 answer:
Westkost [7]3 years ago
4 0

Answer:

The maximum that should be paid for the stock today is P0 = $19.82758621 rounded off to $19.83

Explanation:

Using the zero growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = Dividend / r  

Where,

  • r is the required rate of return  

P0 = 2.3 / 0.1160

P0 = $19.82758621 rounded off to $19.83

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One theory states that history and culture are of little importance and that most of the current Japanese management system has developed over the past sixty years.
7 0
4 years ago
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $1,098,900. The c
vfiekz [6]

Answer:

direct materials =  $33.00

conversion cost = $90.00

Explanation:

<em>Cost per equivalent unit = Cost during the period ÷ Equivalent units of Production</em>

<u>The direct materials and conversion cost per equivalent unit.</u>

Direct materials = $1,098,900 ÷ 33,300 liters = $33.00

Conversion cost = $603,000 ÷ 6,700 liters = $90.00

5 0
3 years ago
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $2.00 par, common shares, t
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Answer:

No journal is needed

Par value  is now $1

Explanation:

There is journal entry for stock split no new funds were received from stockholders and the fact that the equity stockholders capital remain the same after the stock split.

It is a mere book redenomination where the number of outstanding shares in issue is increased while the par value is reduced  proportionally.

In essence a stock split of 2 for 1 means one share is added to existing one and the two shares are now priced at the value of one previously

The par value after stock split=1/2*$2=$1

7 0
3 years ago
Which type of ICS facility is used to temporarily position and account for personnel, supplies, and equipment awaiting assignmen
Blizzard [7]

Answer:

B. Staging Area

Explanation:

According to my research on different ICS facilities, I can say that based on the information provided within the question the type of facility being described is known as a Staging Area. This is a location where personnel, supplies,  vehicles, and equipment or material are assembled before actually being used.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
4 years ago
What idea measures the amount of goods that can be produced compared to
yawa3891 [41]

Answer: The answer is A productivity

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Productivity is a measure of the relationships between the quantity of goods produced in an organization in comparison with the resources that are needed by such organization in producing such goods. The resources invested in producing the goods by the organization includes money, machines, material, Labour. For instance, the introduction of a new method of production can lead to an increase in the level of productivity of an organization.

6 0
3 years ago
Read 2 more answers
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