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natulia [17]
2 years ago
9

How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $380? a. $16,2

90 b. $22,800 c. $57,000 d. $75,000.
Business
1 answer:
Virty [35]2 years ago
5 0

Answer:

D. 75,000

Explanation:

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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth
user100 [1]

Answer:

The  current share price is $71.05

Explanation:

P3 = D3(1 + g)/(R – g)

    = D0[(1 + g1)^3](1 + g2)/(R – g)

    = [$1.45*(1.20)^3(1.08)]/(0.11 – 0.08)  

    = $90.20

The price of the stock today is the PV of the first three dividends, plus the PV of the Year 3 stock price given by:  

P0 = $1.45(1.20)/1.11 + $1.45[(1.20)^2]/1.112 + $1.45[(1.20)^3]/1.113 + $90.20/1.113

    = 1.568 + 1.695 + 1.832 + 65.958

    = $71.05

Therefore, The  current share price is $71.05

7 0
3 years ago
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $153,000 and a balance in retained earnings of
salantis [7]

Answer:

STOCKHOLDERS EQUITY

                                                  Common               Retained      Stockholders

                                                      stock                 earnings        equity

Beginning balance January 1      153.000              53.000          206.000

Issuance of common stock           43.000                                      43.000

Net income for the period                                        33.000           33.000

Cash Dividens                                                           (10.300)          (10.300)

Ending balances December 31   196.000              75.700 271.700

BALANCE SHEET

Cash                    52.900

Supplies               11.200

Prepaid Rent       25.500

Land                   215.000

Total Assets      304.600

Account payable    8.100

Utilities payable      3.000

Salaries payable     3.800

Notes payable      18.000

Total liabilities      32.900        

         

Common stock      196.000

Retained earnigs    75.700

Total stockholders 271.700

Liablities and

Stockholders          304.600        

Explanation:

STOCKHOLDERS EQUITY

                                                  Common               Retained      Stockholders

                                                      stock                 earnings        equity

Beginning balance January 1      153.000              53.000          206.000

Issuance of common stock           43.000                                      43.000

Net income for the period                                        33.000           33.000

Cash Dividens                                                           (10.300)          (10.300)

Ending balances December 31   196.000              75.700 271.700

BALANCE SHEET

Cash                    52.900

Supplies               11.200

Prepaid Rent       25.500

Land                   215.000

Total Assets      304.600

Account payable    8.100

Utilities payable      3.000

Salaries payable     3.800

Notes payable      18.000

Total liabilities      32.900        

         

Common stock      196.000

Retained earnigs    75.700

Total stockholders 271.700

Liablities and

Stockholders          304.600        

6 0
3 years ago
Why do complex decisions often raise ethical considerations for the entrepreneur?
dlinn [17]
Complex decision often needed to be done by cutting off several corners for the most efficient decision to be enactdd.
For example, during the period when business slowed down, one of the most efficient method to maintain the level of profit is simply by cutting down excessive amount of empployees, but that action is considered unethical
3 0
3 years ago
As chobani seeks to build its brand, it opened aunique retail store in new york city: chobanisoho. why did chobani do this?
AnnyKZ [126]
  • Innovative yoghurt recipes from Chobani SoHo are delivered in stunning glass jars.
  • Customers can choose from a wide range of combinations that start with Plain Chobani as the base and include components like Pistachio + Dark Chocolate and Cucumber + Olive Oil.
  • Prices are acceptable while being more than those for normal Chobani Greek Yogurt in order to draw in imaginative customers. Chobani SoHo has these three significant potential long-term benefits.
  • Customers can try new product ideas with various additive combinations to see if they might end up as a staple flavour in the Chobani line.
  • Examples of these additive combinations include flavour pairings and savoury components.
  • Giving consumers the opportunity to engage physically with the brand rather than just picking something up off the shelf, which increases customer loyalty and word-of-mouth advertising.
<h3>Who is Chobani?</h3>
  • Food manufacturer Chobani is on a mission to improve communities, improve the health of the global population, and increase access to wholesome food for all.

Learn more about marketing here:

brainly.com/question/13414268

#SPJ4

4 0
1 year ago
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 22,000, $13 par, common sh
Tpy6a [65]

Answer:

(I)

retained earnings 92,400 debit

         common stock          28,600 credit

        additional paid-in       63,800 credit

(II)

retained earnings 924,000 debit

         common stock          286,000 credit

        additional paid-in       638,000 credit

(III) no entry required

Explanation:

22,000 x 10% = 2,200 new shares

market price:

2,200 X $42 = 92,400

book value

2,200 x $13 =  28,600

additional paid-in

                       63,800

100% sotkc dividends:

22,000 x 100% = 22,000 new shares

market price:

22,000 X $42 = 924,000

book value

22,000 x $13 =  286,000

additional paid-in

                          638,000

the stock split will not change the accounting as the total value fo the equity remains the same.

7 0
3 years ago
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