Answer:
$67.95
Explanation:
Dividends per year;
D1 =$2
D2 = $3
D3 = $4
D4 = D3(1+g)
g= growth rate = 7% or 0.07 as a decimal
D4 = 4*(1.07) = $4.28
Next, find PV of each dividend at 12% rate of return and sum them up;
Price= 2/ (1.12) + 3/(1.12^2) +4/ (1.12^3) + 
=1.7857 + 2.3916 + 2.8471 + 60.9284
= 67.9528
Therefore, the stock should be worth $67.95 today
Answer:
Results are below.
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (624,000/80,000) + 3.1
Predetermined manufacturing overhead rate= $10.9 per machine hour
Job M598:
Number of units in the job 60
Total machine-hours 300
Direct materials $645
Direct labor cost $9,000
Total cost= 645 + 9,000 + 300*10.9
Total cost= $12,915
Unitary cost= 12,915/60= $215.25
<u>Finally, the selling price per unit:</u>
Selling price= 215.25*1.4= $301.35
Answer:
The correct answer is: substitution effect.
Explanation:
The price of a product is inversely related to the quantity demanded. This implies that an increase in the price will cause the quantity demanded to decrease and vice versa.
The consumers always prefer a cheaper substitute. So in case of a price rise of a product, the consumers will move to a substitute at lower price.
If there is a fall in the price of the product, the consumers will move away from the substitute to the product.
This is known as the substitution effect.
<span>In order to rank the months from the highest rainfall to the lowest rainfall then it is necessary for Nina to make sure she is looking at the right data. Once this is achieved Nina needs to order this data, whether it be through herself or technology.</span>
From the sun to the earth.
