True or false: The National Cancer Society is an example of an organization that does not need to use marketing.

Southern Foods just paid an annual dividend of $2.10 a share. Management estimates the dividend will increase by 11 percent a ye

sveticcg [70]

Answer:

Value of stock today = $37.3738

Explanation:

Provided details we have,

Dividend just given = $2.10

Dividend at end of Year 1 = $2.10 + 11% = $2.331

Dividend at end of Year 2 = $2.331 + 11% = $2.5874

Dividend at end of Year 3 = $2.5874 + 11% = $2.872

Dividend at end of Year 4 = $2.872 + 11% = $3.188

Dividend in 5th year = $3.188 + 3.5% = $3.299

Value of share at end of 4th year = $\frac{D_5}{K_e - g}$

= $\frac{3.299}{0.11 - 0.035}$ = $43.987

Therefore value of share today shall be:

Year Present Value factor @11% Return Present Value

1 0.9009 $2.331 $2.099998

2 0.8116 $2.5874 $2.099934

3 0.7311 $2.872 $2.0997192

4 0.6587 $3.188 $2.0999356

4 0.6587 $43.987 $28.9742

Net Present Value i.e. Value of stock today = $37.3738

6 0

2 years ago

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

solong [7]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. 

First, we need to calculate the unitary fixed manufacturing overhead:

Unitary fixed overhead= 85,400/2,440= $35

Absorption costing income statement:

Sales= 2,280*145= 330,600

COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)

Gross profit= 61,560

Total selling and administrative= 22,800 + (2,280*10)= (45,600)

Net income= 15,960

8 0

3 years ago

Larsen Company adds materials at the beginning of the process in Department 2. Data concerning the materials used in May product

brilliants [131]

Answer:

$44,000

Explanation:

Calculation for the equivalent units for materials

Using this formula

Equivalent unit of material = Completed and transferred out+Normal spoilage+Ending work in process

Let plug in the formula

Equivalent unit of material = $33,000+$3,000+$8,000

Equivalent unit of material = $44,000

Therefore Using the weighted-average method, the equivalent units for materials are $44,000

3 0

3 years ago

1. According to the Small Business Administration, the percentage of businesses that

Aleksandr [31]

a or c

Explanation:

depending on startups it's risky , especially if it's fortune 500 companies multi level marketing . they tend to do well the first 6-8 years .

a mom and pop does well first few years and they can tell where it's headed first 4 years . normally takes more money in the beginning to stay above water unless you have it all funded and planned out A 44 percent

8 0

3 years ago

Read 2 more answers

Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price

noname [10]

Answer:

C) $300 U

Explanation:

Gipple Corporation

Material Quantity Variance = (Actual Quantity Used * Standard Unit Cost )-

( Standard Quantity Used * Standard Unit Cost )

Material Quantity Variance =(AQ* SP) -(SQ*SP)

Material Quantity Variance = (24,870* 6)- ( 7.3* 3400 *6)

Material Quantity Variance = (24,870* 6)- (24,820* 6)

Material Quantity Variance = 149220 - 148920

Material Quantity Variance = $300 Unfavorable

As actual quantity is greater than standard quantity it is unfavorable.

4 0

2 years ago