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Dominik [7]
3 years ago
14

Stoneheart Group is expected to pay a dividend of $3.23 next year. The company's dividend growth rate is expected to be 3.6 perc

ent indefinitely and investors require a return of 12 percent on the company's stock. What is the stock price?
Business
1 answer:
prisoha [69]3 years ago
7 0

Answer:

$38.45

Explanation:

Data provided

Next year dividend = $3.23

Required rate of return = $12%

Growth rate = 3.6%

The solution of the stock price is shown below:-

Stock price = Next year dividend ÷ (Required rate of return - Growth rate)

= $3.23 ÷ (12% - 3.6%)

= $38.45

So, we have solved the stock price with the help of above formula.

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A manager receives a request from an employee to take off a Wednesday for religious reasons. The manager did not know that this
boyakko [2]

Answer:

Yes

Explanation:

There is no federal law that requires that a manager give an employee days off due to religious reasons. Therefore in this scenario, the manager should investigate the situation further. If the manager finds out that the employee is taking advantage of the manager's generosity and lying then they should get reprimanded for doing so. Otherwise, the employee can have their day off as they asked.

5 0
3 years ago
A tax of €1.00 per litre on petrol
Anni [7]

Answer:

The correct answer is option a.

Explanation:

If a tax worth €1.00 per liter on petrol is imposed it will create a tax wedge of €1.00 between the price the buyers pay and the price the sellers receive.

A tax wedge can be defined as the deviation from the equilibrium price and equilibrium quantity due to the imposition of taxes.

When a tax is imposed on a product, the consumer and producer both have to share the tax burden. The price paid by the consumers increases and the price received by gets reduced.

The quantity of product gets reduced as well.

3 0
4 years ago
Davis sells Weber equipment under an arrangement whereby Davis delivers the equipment on January 1, 2021 and receives payment on
poizon [28]

Answer:

C. Debit to cash

D. Credit to notes receivable

Explanation:

When a company received money for previous sales, the following entry is required -

Debit Cash XXXX

Credit Accounts/Notes receivable XXXX

In that case, as Davis sold Weber equipment with an agreement of notes because of long-term payment, they treated the sale as a note receivable. Whenever the subsequent payment occurred, the entry to record the journal -

Debit to cash and Credit to notes receivable. Therefore, options C and D are both correct.

8 0
3 years ago
Only 3 days after the attacks of 9-11, Northwestern Mutual began providing death benefits to surviving families of the first res
Luda [366]

Answer:

Empathy

Explanation:

Empathy is the ability of a person of business entity to understand the thoughts, feelings, and emotions of their customers. It is the ability to personalise the customer's situation.

This makes the business go the extra mile in solving the customer's problem.

In this scenario Northwestern mutual felt the pain and understood the financial needs of the families of first responders during the 9-11 attack.

So without official death certificates they paid death benefits only 3 days after the attacks.

Other insurance companies however did not empathise with their customers and only paid death benefits some months to a year.

5 0
4 years ago
Rhonda has oversight responsibility for the servicing and repair of her company's fleet of cars, so she frequently calls the gar
dmitriy555 [2]

Answer: Variable-interval

Explanation:

3 0
3 years ago
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