1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dezoksy [38]
3 years ago
5

Estes Park, Inc., has declared a dividend of $6.20 per share. Suppose capital gains are not taxed, but dividends are taxed at 30

percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $113 per share, and the stock is about to go ex-dividend. What do you think the ex-dividend price will be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
pickupchik [31]3 years ago
5 0

Answer:

the ex-dividend price is $108.66

Explanation:

The computation of the ex-dividend price is shown below:

The Aftertax dividend is

= Dividend × (1 - tax rate)

= $6.20 (1 - 0.30)

= $4.34

Now the exdividend price is

= Selling price of a share - after tax dividend

= $113 - $4.34

= $108.66

hence, the ex-dividend price is $108.66

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

You might be interested in
In the context of performance appraisal dimensions and standards, the goal of meeting product specification standards is an exam
Vadim26 [7]

Answer:

Output measure:

Explanation:

Output measure:

it is structured report on business output that describe about the goal achievement, illustrating the point that is beneficial for the project etc.

it consist of all details about any task, like quantity of material produce, how much of it delivered to the next level. it doesn't mentioned the internal factor like quality of work that would impact the stakeholder.

4 0
3 years ago
Consider the following events:
zalisa [80]

Answer:

A fruitworm infestation ruins a large number of apple orchards in Washington state. 

Explanation:

The fruitworm infestation would reduce supply. The supply curve would shift to the left as a result.

I hope my answer helps you

4 0
3 years ago
ABC, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $1,500 and
spin [16.1K]

Answer: Option (d) is correct.

Explanation:

Amount paid for candy = $1,500

Items received = 8,500 pieces of candy

Group 1 =  2,500 pieces

Selling price = $0.15 each

sale value = pieces sold × Selling price

                 = 2,500 ×  $0.15 each

                 = $375

Group 2 = 5,500 pieces

Selling price = $0.36 each

sale value = pieces sold × Selling price

                 = 5,500 ×  $0.36 each

                 = $1,980

Group 3 = 500 pieces

Selling price = $0.72 each

sale value = pieces sold × Selling price

                 = 500 ×  $0.72 each

                 = $360

Total sale value = $375 + $1,980 + $360

                           = $2,715

Percentage\ of\ sale\ in\ Group\ 2=\frac{Sale\ value}{Total\ sale\ value}\times 100

Percentage\ of\ sale\ in\ Group\ 2=\frac{1,980}{2,715}\times 100

= 72.92%

Proportion of cost for Group 2 = cost × Percentage of sale in Group 2

                                                   = $1,500 × 72.92%

                                                   = $1,093.8

cost\ per\ unit= \frac{cost}{total\ units}

cost\ per\ unit= \frac{1,093.8}{5,500}

= $0.1988

= $0.20(approx)

4 0
3 years ago
I am planning to reduce the duration of lunch break by 10 minutes. Does anyone have any objection to this policy? In the context
NikAS [45]

Answer:

a) the leader presents ideas and invites questions.

Explanation:

Leadership continuum is a leadership style which describes the relationship with respect to the autonomy that a manager gives to his subordinates, and the level of authority used by him/ her. This is a inverse proportional relation which reduces the authority of the manager when team's freedom increases. It debases an autocratic rule by a manager, especially in taking decisions.

The example cited in the question is a way of taking decision by suggestions by expecting questions from his team.

5 0
3 years ago
Determine how many of each plant stand Bobby needs to sell to breakeven. Begin by computing the​ weighted-average contribution m
Pavel [41]

Answer:

For twig stands= 24 units.

For oak stand = 6 units.

Explanation:

From the question above we are given that the Sale price for Twig and Oak plant stand are 15.00 and 42.00. We are also given that the Variable cost for Twig and Oak plant stand are 2.00 and 19.00 per unit. Thus, the value for the Contribution Margin per unit can be calculated by just subtracting Variable cost for Twig and Oak plant stand from Sale price for Twig and Oak plant stand, that is;

Contribution Margin per unit = (Sale price for Twig and Oak plant) - (Variable cost for Twig and Oak plant stand).

Contribution Margin per unit for Twig = 15.00 - 2.00 = 13.00 and the Contribution Margin per unit for oak = 42.00 - 19.00 = 23.00.

From the question, we are given that the Sales mix in units is 4(twig) and 1(oak) = 4 + 1 = 5.

Thus, the contribution margin for twig = sales mix for twig × Contribution Margin per unit for Twig = 4 × 13 = 52.

Also, the contribution margin for oak = sales mix for oak × Contribution Margin per unit for oak = 1 × 23 = 23.

Total = 52 + 23 = 75.

Hence, the Weighted Average Contribution per unit = 75 / 5 = 15.

Total Break even Sales = 450/15 = 30 units.

Thus, for twig stand; 30 × 4/5 = 24 units.

For oak = 30 × 1/5 = 6 units.

6 0
3 years ago
Other questions:
  • The default paper size is _____.
    11·1 answer
  • Todd irrevocably transfers property to a trust over which he retains an annuity payment each year equal to 6% of the initial fai
    9·1 answer
  • Income __________ when there is zero beginning inventory and all inventory units produced are sold. will be lower under variable
    5·1 answer
  • How might a recent college graduate's investment portfolio differ from someone who is nearing retirement
    9·2 answers
  • Match the products below with the type of market in which they are sold.
    13·2 answers
  • Clearwater Hampers is a small British company that sells luxury food and drink gifts in various combinations in picnic hampers.
    8·1 answer
  • Why don't most tax expenditures help much if your federal tax bill is zero? You don't qualify for tax breaks if your federal tax
    13·1 answer
  • The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment incl
    11·1 answer
  • A stadium is considering an offer from Mass Insurance to change the name to Mass Stadium. The company is offering to pay $1,000,
    10·1 answer
  • Sort the following statements based on whether demand is relatively elastic or relatively inelastic. There are four pairs of sta
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!