Answer:
The stock price today is $38.76 as shown below
Explanation:
The value of the stock today is the present value of all future dividend payments from the stock.
Present value of first dividend=$14/(1+18.7%)^1
=$11.79443976
Present of second dividend=$38/(1+18.7%)^2
=$26.97007528
The stock price today is the sum of the present values=11.79443976
+26.97007528
=$38.76
Ordinarily, the valuation would have included the price at which the stock could be sold but since the company is wounding up and the only cash flow is payment of liquidating dividends, the price at which stock can be sold is not applicable.
Answer:
True
Explanation:
Exceptionally good weather will guarantee a good yield in crops. This will lead to an increase in supply of produce to the market, and when supply increases, the supply curve shifts to the right.
This is simply because there are more products and more sellers, and this will result in more supply.
Answer:
A bank statement is the document sent by a bank at the end of each month showing the balance of our bank account and the transactions that had take place during the time.
A bank reconciliation statement is a document we prepare to identify and present the reasons for the difference between the bank statement's balance and the bank accounts balance we keep in our ledger!
Explanation:
<span>The Wheat Committee, an American study group on the establishment of accounting principles, was brought into being in 1971 in order to examine the operation of the Accounting Principles Board (APB) and to avoid governmental rule-making.</span>
Answer:
sell any quantity it wishes at the prevailing market price
Explanation:
A perfect market for competition is a market which has a high degree of competition.
It has the following features
1. With regard to the market, information is great in this rivalry between producer and customer.
2. Free entrance, and exit
3. Deals with same or homogeneous products
4. The buyers and sellers are more in this market
5 There is no transport cost exist
Plus we know that demand curve for perfectly competitive firm is elastic as the firm is price taker and reflected in a horizontal line
Hence, the last option is correct