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
Arisa [49]
3 years ago
7

City Equipment announced this morning that its next annual dividend will be decreased to $1.90 a share and that all future divid

ends will be decreased by an additional 1.9 percent annually. What is the current value per share if the required return is 16.8 percent?
Business
1 answer:
FrozenT [24]3 years ago
4 0

Answer:

$10.16

Explanation:

Calculation for What is the current value per share if the required return is 16.8 percent

Using this formula

Current value per share Decreased in Annual dividend/Decreased in future dividends +Required return

Let plug in the formula

Current value per share =$1.90/1.9 percent+16.8 percent

Current value per share =$1.90/0.187

Current value per share =$10.16

Therefore the current value per share if the required return is 16.8 percent will be $10.16

You might be interested in
Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs $ 5,870,000
Elenna [48]

Answer:

$2.80 per chair

$2.25 per table

Explanation:

If cost is assigned at a rate based on direct labor hours, the total disposal cost for chairs and tables is, respectively:

D_c=\frac{254,000}{16,400+254,000}*\$630,000=\$591,789.94\\D_t=\frac{16,400}{16,400+254,000}*\$630,000=\$38,210.06\\

The respective disposal cost per unit is:

C = \frac{\$591,789.94}{211,000}=\$2.80/chair\\ T=\frac{\$38,210.06}{17,000}=\$2.25/ table

5 0
3 years ago
Read 2 more answers
Choose the correct statement.
Kamila [148]

Answer:

The correct answer is D. Choices that are the best for more than one person are said to be in the social interest.

Explanation:

The social interest is a concept sufficiently clarified in Company Law. The Capital Companies Law refers to it in terms of challenging social agreements: if an agreement is not in accordance with the corporate interest, it can be challenged. It is only negatively contested, that is, if the plaintiff can argue that the agreement is contrary to the social interest, so that it is not a validity requirement that the agreement be in accordance with the social interest. Likewise, if the administrators act against the social interest when they exercise their discretionary powers, they incur responsibility for violation of their duty of loyalty.

3 0
3 years ago
Park is always willing to give up 1 orange for 3 tangerines. (1) What is the size of MRSTO (marginal rate of substituting tanger
Step2247 [10]

Answer:

1/3

Explanation:

What is the size of MRSTO = 1 /3

The marginal rate of substitution calculates the rate at which a consumer would give up a unit of one good in exchange for one unit of another good while maintaining the same level of utility.

5 0
3 years ago
If a firm is making an economic profit of zero:__________.
kati45 [8]

Answer:

The correct answer is letter "D": the firm should change to a different line of business.

Explanation:

Economic profit is the difference between the revenue a firm earns from sales and the firm's total opportunity costs. It is important to distinguish between accounting profit and economic profit. Accounting profit is total revenue minus the explicit costs of producing goods or services. Economic profit includes the opportunity costs a company losses or gains by choosing a route to pursue revenue. If a firm has an economic profit of zero, it implies the company should start looking for alternative ways to generate income.

6 0
3 years ago
You have allocated $8,000 for employee training. You have 20 employees and each course costs $200. How many training courses can
Dafna1 [17]

Answer:

B) 2

Explanation:

$8,000 divided by 20 is 400, $400 divided by $200 is 2 courses per employee.

7 0
2 years ago
Other questions:
  • Assume an economy is incurring unemployment. The effect of resolving this problem will be to:
    12·1 answer
  • If Gary always requests his superior’s advice when solving a problem or making a decision, which type of decision maker is he?
    14·1 answer
  • Your friend Harold is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option b
    6·1 answer
  • Cash flow to stockholders is defined as: A) the total amount of interest and dividends paid during the past year. B) the change
    10·1 answer
  • If common equity financing is 60% of the optimal capital structure and the existing limit of internal equity is $500,000. Solve
    15·1 answer
  • Milton Industries expects free cash flow of $5 million each year. Milton's corporate tax rate is 35%, and its unlevered cost of
    9·1 answer
  • Need Help ASAP<br> Its a Career Planing
    13·1 answer
  • From 1994 to 1999, inflation in the United States was relatively constant at approximately 2.5 percent. When inflation is consta
    8·1 answer
  • Both dual enrollment and AP courses offer the following possibilities except that
    13·1 answer
  • You’ve just read the article about Macy’s and Nordstrom’s. Why do you think companies like Macy's have to move to an Omnichannel
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!