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Norma-Jean [14]
2 years ago
7

Cape Corp. will pay a dividend of $3.60 next year. The company has stated that it will maintain a constant growth rate of 5 perc

ent a year forever. a. If you want a return of 17 percent, how much will you pay for the stock
Business
1 answer:
victus00 [196]2 years ago
6 0

Answer:

$30

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

$3.6 / (0.17 - 0.05)

$3.60 / 0.12  = $30

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When units are moved from one processing department to the​ next, the cost associated with those units must also be moved from o
KonstantinChe [14]

These costs​ called as Transferred costs.

<h3><u>Explanation:</u></h3>

The costs that are accumulated during the time of  upstream production process in a firm refers to Transferred costs. These are associated with the goods that are transferred to the next department of a business from one department. With this product there will be a continuation of the production process.

These are semi finished goods that are transferred for the purpose of continuing the production process. When these units are moved form the  processing  department to the next department, these transferred cost will be transferred from one work in process account to the next account.

7 0
3 years ago
The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new
goblinko [34]

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

Cash balance=$6,450

Therefore the balance in Cash for this design service business is $6,450

8 0
3 years ago
Which short-term financial managers are involved with selling on credit and are directly responsible to the vice president of fi
gregori [183]

Answer:

The credit manager, and the Controller

Explanation:

The credit manager is responsible for maintaining the credit policy, in order to fulfil this target they are responsible to look at the sales and ensure the credit sales are in the sales limit.

Further that the company do not have the bad debts, it shall verify each customer properly that they have enough funds, and ensure their credibility.

Controller is responsible for maintaining the financial records of accounts, and reporting the transactions to managers.

Accordingly, Credit manager along with controller are directly responsible to the vice president of finance.

5 0
2 years ago
How can interests play a role in planning for your career brainly
Charra [1.4K]

Answer: D

Explanation:

Just took the quiz and got it right. A P E X

7 0
3 years ago
List three reasons that people should pay their taxes.
adelina 88 [10]

Improved Healthcare and Education

A significant chunk of the collected taxes is spent on improving healthcare in the country. There are government hospitals that offer medical services without any cost or at minimum cost. Over the years, the quality of service provided by government hospitals has improved by leaps and bounds, and it has only happened because of taxpayers paying tax.

Helps Build the Nation

The cost of running an entire country, especially one that is as large and populated as ours, is humongous. It is through the taxes we pay that the government can perform civil operations. In other words, without taxes, it would be impossible for the government to run the country.

Avoid Tax Back

When being confronted with back taxes we owe the government, we often think of ways to cut back on it. Well, most tax laws understand the hardships of every taxpayer. Though, tax services are available for those who are delinquent in paying their taxes, which is a helpful opportunity to people who don’t have available money or funds.

6 0
3 years ago
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