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xenn [34]
3 years ago
12

Toy Mart recently announced that it will pay annual dividends at the end of the next two years of $1.60 and $1.10 per share, res

pectively. Then, in Year 5 it plans to pay a final dividend of $13.50 a share before closing its doors permanently. At a required return of 13.5 percent, what should this stock sell for today
Business
1 answer:
Delicious77 [7]3 years ago
6 0

Answer:

$9.43

Explanation:

Calculation for what should this stock sell for today

Stock today = $1.60/1.135 + $1.10/1.135^2 + $13.50/1.135^5

Stock today = $9.43

Therefore what should this stock sell for today is $9.43

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Answer:

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8 0
2 years ago
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In one of the case studies in the textbook, Ernie Phillips was a CPA who had fallen on hard times both financially and personall
olga_2 [115]

Answer:

The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.

Explanation:

In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.

This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.

Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.

8 0
3 years ago
Which of the following is not one of the eight recognized consumer rights? a. right to the satisfaction of basic needs b. right
Elis [28]

B. Right to simplicity

8 0
2 years ago
Read 2 more answers
In the late 1950s and 1960s, television Westerns were extremely popular and included Gunsmoke, Bonanza, Wagon Train, and The Big
notsponge [240]

Answer: (C) Decline  

Explanation:

The decline stage is one of the type of last stage in the product life cycle as it basically representing the actual behavior of the product in the market which results in the form of negative growth.

The decline stage basically demonstrating about the decrease sales and also the profit of the products in an organization.

 According to the given scenario, the television western is one of the type of category that entering into the decline stage due to the change in the taste of the customers.      

 Therefore, Option (C) is correct answer.

7 0
3 years ago
"Problem 20-01A a-b, c Carla Vista Sports Inc. manufactures basketballs for the Women’s National Basketball Association (WNBA).
Natali [406]

Answer:

Effect on income= $26,700

Explanation:

Giving the following information:

Producing 118,600 units. Amount Sales $4,506,800 Cost of goods sold 3,475,506 Selling and administrative expenses 498,060 Net income $533,234 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $249,000. In July, normally a slack manufacturing month, Carla Vista Sports receives a special order for 10,000 basketballs at $28 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.73 per unit because of shipping costs but would not increase fixed costs and expenses.

Unitary variable  cost= (3,475,506 - 960,000)/118,600= $21.2

Unitary variable selling and administrative= (533,234 - 249,000)/118,600= 2.40

New offer:

10,000 units for $28

Total unitary variable cost= (21.2 + 2.4 + 0.73)= $24.33

Effect on income= 10,000*(28 - 24.33)= $26,700

4 0
2 years ago
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