A home you can live in it longer than when you rent a home.
Answer:
Explanation:
Price is sum of:
1. Present value of expected dividend payments during 1-4 years;
2. Present value of the expected market price at the end of the fourth year based on growth at 5%.
Present value of expected dividend payments during 1-4 years:
PV1 = 3*(1+0.30)*0.8929 = 3.90*0.8929 = $3.482
*0.8929 = 1/1.12
PV2 = 3.90*1.30*0.7972 = 5.07*0.7972 = $4.042
PV3 = 5.07*1.30*0.7118 = 6.591*0.7118 = $4.691
PV4 = 6.591*1.30*0.6355 = 8.5683*0.6355 = $5.445
Total = $17.661
Present value of the expected market price at the end of the fourth year:
Market price of the share at the end = 5th year dividend/(Required rate of return - growth rate)
5th year dividend = $8.5683*(1+growth rate) = $8.5683*(1+0.05) = $9
Market price of the share at the end = $9/(0.12-0.05) = $128.57
Present value of $128.57 is 128.57*0.6355(present value interest factor for year 4) = $81.7
So the price of share is $17.661+$81.7 = $99.37
The money she received from her parents for the purchase of school supplies would be used as a medium of exchange.
<h3>What is money?</h3>
Money is anything that is generally chosen and accepted by a community, as a medium of exchange and standard of value.
Characteristics of money are:
- Medium of exchange
- Store of value
- Measure of value
Hence, the money she received from her parents for the purchase of school supplies would be used as a medium of exchange.
Learn more about money here: brainly.com/question/3182649
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Answer:
$27,450
Explanation:
Given:
Direct materials cost = $15,450
Direct labor hours worked = 360
Direct labor rate per hour = $15.00
Machine hours used = 300
Applied factory overhead rate per machine hour = $22.00
The total Direct labor cost = Direct labor hours × Direct labor rate per hour
or
The total Direct labor cost = 360 × $15.00 = $5,400
And,
The total overhead cost = overhead rate per machine hour × Machine hours
or
The total overhead cost = $22.00 × 300 = $6,600
Therefore,
the total manufacturing cost
= Direct materials cost + total Direct labor cost + total overhead cost
the total manufacturing cost = $15,450 + $5,400 + $6,600 = $27,450
I think my answer is an asset fund because it is a means of paying for goods