Answer:
A) $63.00
Explanation:
To find the current price of Buckeye Corporation's stock we can use the growth perpetuity formula:
current price of stock = current dividend / (required rate of return - dividend growth rate)
current price of stock = $3.15 / (13% - 8%) = $3.15 / 5% = $63
Explanation:
The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day
Answer:
$339
Explanation:
Computation of the given data are as follows:
Income before tax in FIFO = $15,730
Tax rate = 30%
So, the Tax amount for FIFO = $15,730 × 30%
= $4,719
And, Income before tax in LIFO = $14,600
Tax rate = 30%
So, the Tax amount for LIFO = $14,600 × 30%
= $4,380
So, the difference in tax amount = Tax amount for FIFO - Tax amount for LIFO
= $4,719 - $4,380
= $339
