Armando is the owner of a full-service pet grooming business. For the month of October, he paid $2,000 in rent, $700 in utilities, $2,950 in salaries, and $50 on advertising. A full service pet grooming costs $25.00. Unit variable costs per grooming are $5.00. He needs to sell 234 full-service pet groomings to break-even each month
Firstly, we need to calculate the contribution margin per unit. Contribution margin per unit can be calculated as follows:
Selling price per unit - Unit variable cost
Selling price per unit = $25
Unit variable cost = $5.00
Contribution margin per unit = Selling price per unit - Unit variable cost
= $25.00 - $5.00= $20.00
The contribution margin ratio (CMR) can be calculated as follows:
Contribution Margin / SalesPrice per unit - Variable costs per unit
Contribution Margin = Sales - Variable CostPrice per unit = $25.00
Variable costs per unit = $5.00
Contribution Margin Ratio (CMR) = Contribution Margin / Sales= $20.00 / $25.00= 0.80 or 80%
Armando needs to break-even. This means he needs to earn a profit of $0.
Therefore, we can set up the equation as follows:
Fixed cost + Operating income = Sales Revenue
Fixed costs are $2,000 (Rent) + $700 (Utilities) + $2,950 (Salaries) + $50 (Advertising) = $4,700
The operating income is $0Sales revenue = ?
Therefore,$4,700 + $0 = $25x - $5x where x is the number of units sold$4,700 = $20x$20x = $4,700x = $4,700 / $20x = 235 full-service pet groomings rounded to the nearest whole number. He needs to sell 235 full-service pet groomings to break even each month.
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how have your achievements and operational experience to date prepared you for this position? please refer to the job description and to the essential requirements therein.
Your professional successes can assist employers recognise the value you bring to the table. Your prior operational experience also prepared you for this position.
I can offer optimism, wisdom, a unique way of approaching issues, and the capacity to eagerly accept change. I can contribute drive, a love of this field, and the capacity to constantly handle clients and customers in a way that will make them loyal brand promoters. Describe the classes and training you have taken that have improved your ability to do your work. Explain how your individual experiences have helped you become a better worker. Describe how you are the best candidate for the job based on your experiences and the skills you developed there.
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the closed fund is a closed-end investment company with a portfolio currently worth $270 million. it has liabilities of $10 million and 15 million shares outstanding. a. what is the nav of the fund?
The NAV of the fund is $17.33 per share.
What is the nav of the fund?
The NAV (Net Asset Value) of the closed-end fund can be calculated using the following formula:
NAV = (Total Assets - Total Liabilities) / Number of Shares Outstanding
First, let's plug in the values given in the question:
Total Assets = $270 million (portfolio worth)
Total Liabilities = $10 million
Number of Shares Outstanding = 15 million
Now, let's calculate the NAV:
NAV = ($270 million - $10 million) / 15 million
NAV = ($260 million) / 15 million
NAV = $17.33 per share
So, the NAV of the fund is $17.33 per share.
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you just paid $385,000 for a policy that will pay you and your heirs $14,300 per year forever with the first payment in one year. what rate of return are you earning on this policy?
R= final value, including dividends and interest/ initial value
rate of return = $14,300- 385,000 /$14,300=14030.76
The percentage change in an investment's value is represented by the annual rate of return. For instance, if you estimate a 10% annual rate of return, you're anticipating that your investment's value would rise by 10% annually. The rate of return, which is typically represented as a percentage of the investment's initial cost, refers to the net gain or loss of an investment over a specific period of time. Over an initial investment, it is a growth or decline. A gain is said to result from a positive rate of return, whereas a loss results from a negative rate of return. The initial investment's value is subtracted from its current value, and the result is divided to provide a simple rate of return.
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for the classical economists, the quantity theory of money provided an explanation of movements in the price level. changes in the price level result a. primarily from changes in the quantity of money. b. from proportional changes in the quantity of money. c. only partially from changes in the quantity of money. d. from changes in factors other than the quantity of money.
For the classical economists, the quantity theory of money provided an explanation of movements in the price level. Changes in the price level primarily result from changes in the quantity of money.
"What is the classical economists theory of price level"? The classical economists theory of price level is based on the Quantity Theory of Money. The Quantity Theory of Money (QTM) postulates that there is a direct relationship between the amount of money circulating in an economy and the general price level of goods and services. This relationship implies that if the quantity of money circulating in an economy increases, the price level of goods and services also rises.
And, if the quantity of money circulating in an economy decreases, the price level of goods and services declines.Based on the Quantity Theory of Money, classical economists believed that changes in the price level primarily result from changes in the quantity of money. Therefore, for classical economists, the quantity theory of money provided an explanation of movements in the price level, and changes in the price level primarily result from changes in the quantity of money.
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stock a has a beta of 1.5 and the variance of its return is .4. stock b has a beta of 2 and the variance of its return is .3. which of the following is true? group of answer choices stock a has more unique risk than stock b according to capm, stock a should have the same expected rate of return as stock b. stock b has more unique risk than stock a. investors will demand a higher return for stock a, because it is the riskier one.
Investors will demand a higher return for stock a, because it is the riskier one.
This is in accordance with the Capital Asset Pricing Model (CAPM), which states that the expected return of an asset is a function of its beta (systematic risk), as well as the risk-free rate and the expected return on the market. Since stock a has a higher beta than stock b, it is considered to have more systematic risk, and investors will demand a higher expected rate of return to compensate for that risk. The variance of return is a measure of total risk, which includes both systematic and unsystematic (unique) risk, and cannot be used to compare the relative levels of unique risk between two stocks.
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ppg industries, the pittsburgh-based manufacturer of paints, coatings, optical products, specialty materials, chemicals, glass, and fiber glass has paid dividends each year since 1899. it uses a technique to help it identify possible future strategies. what is it
Scenario planning is the technique used to help identify possible future strategies in PPG Industries.
Scenario planning is a strategic planning technique that involves making various strategies about the future based on additional sets of beliefs and elements. By creating a range of designs, firms can better understand the possible risks and options they may face in the future and schedule consequently.
PPG Industries uses design planning to help recognize possible risks and options in the demand and develop methods to manage them. This process allows the party to explore different potential futures and predict shifts in the business environment.
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you are in the computer age. it turns out that you can buy internet ads for $15 apiece. keeping with the requirement that at least 15% and no more than 45% of the spending goes to each category and a requirement of at least 500 ads, what is the minimum budget for this? require that the numbers be integral when you run solver.
We can set up a model with objective of minimizing total cost of ads subject to the constraints that at least 15% and no more than 45% of spending goes to each category and the total number of ads is at least 500.
After setting up model and running Solver, we can find minimum budget required for buying internet ads. The minimum budget may vary depending on the specific values of the constraints. Using the Solver tool in Excel, we can determine the minimum budget required to purchase internet ads that meet certain constraints such as at least 15% and no more than 45% of the spending goes to each category and a requirement of at least 500 ads.
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g find the global minimum variance portfolio (gmvp) using excel solver. what is the weight in the stock fund for your gmvp?
To find the GMVP using Excel Solver, you will need to set up a quadratic optimization problem with your variance-covariance matrix and constraints, and then use Solver to find the weights that minimize portfolio variance.
To find the GMVP, you will need to calculate the variance-covariance matrix of your assets and use it to set up a quadratic optimization problem with the objective of minimizing portfolio variance subject to certain constraints, such as the sum of weights equaling 1.
Once you have set up the problem in Excel, you can use the Solver add-in to find the weights that minimize the portfolio variance. Solver will adjust the weights until it reaches the minimum variance.
The weight in the stock fund for the GMVP will depend on the assets in your portfolio and their respective variances and covariances. The GMVP is the portfolio that has the lowest possible variance given your set of assets and constraints.
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hich countries or organizations would provide the economic support for a government that needs a bailout? is the imf the ideal organization to bail out a country
The majority of the IMF's funding comes from the sums that nations contribute as mandates or capital subscriptions when they join. Each IMF member is given an allotment based, in large part, on its relative standing in the global economy.
The IMF does not make loans for particular initiatives, in contrast to development banks. Instead, to give nations affected by crises some breathing room while they implement measures to reestablish economic stability and growth, the IMF offers financial assistance.
The International Monetary Fund (IMF) is a group of 190 nations that works to promote international monetary cooperation, ensure financial stability, ease trade between nations, support high employment and sustainable economic development, and lessen poverty worldwide.
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assume that firms providing health-care services to older people operate in a perfectly competitive market. what must happen in the market for health-care workers if there is an increase in the number of older people in a country?
If there is an increase in the number of older people in a country and firms providing health-care services to older people operate in a perfectly competitive market, several changes may occur in the market for health-care workers. These changes could include:
Increased demand for health-care services: With more older people in the country, the demand for health-care services may increase. This could result in a higher demand for health-care workers, including doctors, nurses, caregivers, and other health professionals, to meet the increased healthcare needs of the aging population.
Potential increase in wages for health-care workers: If the demand for health-care workers increases, it may lead to upward pressure on wages in order to attract and retain qualified workers. This could occur as firms compete for limited labor resources in the market, resulting in higher wages for health-care workers.
Increased competition for health-care workers: As the demand for health-care workers increases, firms may compete with each other to hire qualified workers. This could result in increased competition for health-care workers in the job market, potentially leading to more aggressive recruitment efforts, higher turnover, and increased labor mobility among health-care providers.
Potential labor shortages in certain areas: If the increase in the number of older people is concentrated in specific regions or areas, it could lead to localized labor shortages in the health-care industry. This may result in challenges for firms in recruiting and retaining health-care workers in those areas, which could impact the availability and quality of health-care services for older people in those regions.
Potential need for workforce planning and training: The increase in the number of older people may require firms to engage in workforce planning and training to address the changing needs of the aging population. This could involve strategies such as increasing training programs for health-care workers, expanding recruitment efforts, and developing innovative solutions to meet the evolving health-care needs of older people.
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which of the following is a true statement? multiple choice the standard deduction is increased for taxpayers who are blind or deaf at year-end. a married couple is only entitled to one addition to their standard deduction even if both spouses are both over age 65. bunching itemized deductions is a legal method of tax avoidance. the standard deduction is subject to a phase-out based on agi. all of these choices are true
"Bunching itemized deductions is a legal method of tax avoidance.", is a true statement. The right answer is b.
The standard deduction cannot be used in place of itemised deductions, which allow people to deduct specific expenses from their taxable income. Every expense that you can enumerate can be bundled, but you must be able to manage when you incur these costs.
Combining itemised deductions is most effective when the total you may deduct each year falls just short of the basic deduction. Without this tactic, you would almost always take the usual deduction. Every other year, group your itemised deductions together to earn a bigger deduction in those years, which will lower your tax liability.
The correct answer is option b.
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where can a customer go to get more details about amazon elastic compute cloud (amazon ec2) billing activity that took place 3 months ago
If a customer wants to get more details about their Amazon EC2 billing activity that took place 3 months ago, they can use AWS Cost Explorer.
AWS Cost Explorer is a tool that enables AWS customers to visualize, understand, and manage their AWS costs and usage over time. With Cost Explorer, customers can access comprehensive cost and usage reports, including detailed information about their EC2 instances, like instance type, region, operating system, and usage type.
To access the EC2 billing activity for the past 3 months, customers can navigate to the Cost Explorer dashboard, select the appropriate time range (e.g., the past 3 months), and filter by EC2 usage. They can also choose to group their data by various dimensions, such as instance type or region, and view their costs in a variety of charts and graphs.
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question content areaa new s corporation shareholder can revoke the s election unilaterally, if they own how much of the existing s corporation's stock?
A new S corporation shareholder does not have the authority to unilaterally revoke the S election, and any decision to do so must be approved by a majority of shareholders.
Once an S corporation has been established, the decision to revoke the S election must be approved by a majority of shareholders. The new shareholder, regardless of their ownership percentage, does not have the authority to revoke the S election on their own.
In an S corporation, shareholders must meet certain eligibility requirements, such as being a US citizen or resident alien and not exceeding a certain number of shareholders. Once these requirements are met, the S corporation is taxed similarly to a partnership, with the income and losses flowing through to the shareholders' tax returns.
If a shareholder wishes to terminate the S election, they must follow the proper procedures and obtain the approval of the majority of shareholders. It is important to note that revoking the S election can have significant tax consequences, so careful consideration should be given before making such a decision.
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which of the following is an example of a multidomestic strategy? multiple choice mattel's black barbie is popular in africa. microsoft offers the same software programs around the world. red bull products are packaged differently for the chinese market. bmw designed its 3 series cars for multiple markets. heinz ketchup in india does not have garlic and onion.
The example of a multidomestic strategy is red Bull products are packaged differently for the Chinese market.
A multinational company may use a multidomestic strategy. A strategy that customizes products and services to the needs and preferences of consumers in particular countries is known as a multidomestic strategy. A company may create different product versions or product lines tailored to each market, for example. Some companies will change their product offerings to reflect local customs or legal standards, among other things.
In the example provided, Red Bull products are packaged differently for the Chinese market. This indicates that they are using a multidomestic strategy by tailoring their product packaging to the preferences and needs of consumers in China. As a result, they are attempting to improve their competitiveness and increase sales in that market.
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which of the following items does not require an adjusting entry? unearned revenues. depreciation. cash. accrued expenses. prepaid expenses.
The item that does not require an adjusting entry is cash.
Cash is a current asset that is recorded on a company's balance sheet. Unlike many other accounts that require adjusting entries at the end of an accounting period, cash typically does not require an adjusting entry because it is recorded in real-time as transactions occur.
However, in some situations, an adjusting entry may be required for cash. For example, if a company has recorded a check or deposit incorrectly or if there is a discrepancy between the cash balance on the company's books and the actual cash balance, an adjusting entry may be necessary to correct the error.
Additionally, if a company uses accrual accounting, an adjusting entry may be required to record cash received or paid that pertains to a previous accounting period.
Overall, while cash generally does not require an adjusting entry, it is important for companies to regularly reconcile their cash balances to ensure accuracy and identify any errors that may require adjusting entries.
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zhang company reported cost of goods sold of $835,000, beginning inventory of $37,200 and ending inventory of $46,300. the average inventory amount is:
The average inventory amount is $41,750.
Average inventory refers to the average value of inventory held by a company over a specific period of time. It is calculated by taking the sum of the beginning inventory and ending inventory and dividing it by 2
To calculate the average inventory, we need to take the sum of the beginning and ending inventory and divide it by 2.
Average inventory = (Beginning inventory + Ending inventory) / 2
Substituting the given values in the equation, we get
Average inventory = ($37,200 + $46,300) / 2
Average inventory = $83,500 / 2
Average inventory = $41,750
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your portfolio has a beta of 1.27. the portfolio consists of 13 percent u.s. treasury bills, 27 percent stock a, and 60 percent stock b. stock a has a risk level equivalent to that of the overall market. what is the beta of stock b?
Based on the provided information, the beta of stock b is 1.67.
To calculate the beta of stock B, you can use the weighted average formula for the portfolio beta, which is:
Portfolio beta = (Weight of T-bills * Beta of T-bills) + (Weight of Stock A * Beta of Stock A) + (Weight of Stock B * Beta of Stock B)
Given the portfolio beta of 1.27, the weights of T-bills (13%), Stock A (27%), and Stock B (60%), and the fact that Stock A has a risk level equivalent to the overall market (Beta of Stock A = 1), we can solve for the beta of Stock B.
1.27 = (0.13 * 0) + (0.27 * 1) + (0.60 * Beta of Stock B)
1.27 = 0 + 0.27 + (0.60 * Beta of Stock B)
Now, we can solve for the Beta of Stock B:
1.00 = 0.60 * Beta of Stock B
Beta of Stock B = 1.00 / 0.60
Beta of Stock B = 1.67
So, the beta of stock B is 1.67.
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frank receives a proportionate current (nonliquidating) distribution from the aef partnership. the distribution consists of $10,000 cash and property (adjusted basis to the partnership of $54,000 and fair market value of $60,000). immediately before the distribution, frank's adjusted basis in the partnership interest was $50,000. his basis in the noncash property received is:
Frank's basis in the noncash property received is calculated using the following steps:
Frank's basis in the noncash property received is $70,000.
1- Determine the total value of the distribution: $10,000 (cash) + $60,000 (FMV of property) = $70,000
2- Determine Frank's share of the distribution: Since it is proportionate, it is based on his percentage interest in the partnership. Let's assume that Frank owns a 20% interest in the partnership. Therefore, his share of the distribution is 20% of $70,000 = $14,000.
3- Determine the amount of the distribution that is attributable to the noncash property: $14,000 - $10,000 (cash received) = $4,000.
4- Determine Frank's adjusted basis in the noncash property: $50,000 (adjusted basis in partnership interest) + ($4,000 / 20%) = $70,000.
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given the forecast and booked orders shown in the table below, and a beginning inventory of 25, what is the master production schedule quantity for period 4?
The master production schedule quantity for period 4 is 0.
Starting inventory for period 1 = 25
Projected demand for period 1 = 70
Available to promise for period 1 = 0 (since there are no booked orders yet)
Projected ending inventory for period 1 = Starting inventory + Projected demand - Available to promise = 25 + 70 - 0 = 95
Starting inventory for period 2 = 95 (projected ending inventory for period 1)
Projected demand for period 2 = 65
Available to promise for period 2 = 80 (booked orders for period 1)
Projected ending inventory for period 2 = Starting inventory + Projected demand - Available to promise = 95 + 65 - 80 = 80
Starting inventory for period 3 = 80 (projected ending inventory for period 2)
Projected demand for period 3 = 60
Available to promise for period 3 = 80 + 50 - 30 = 100 (booked orders for periods 1 and 2 minus previous period's projected ending inventory)
Projected ending inventory for period 3 = Starting inventory + Projected demand - Available to promise = 80 + 60 - 100 = 40
Starting inventory for period 4 = 40 (projected ending inventory for period 3)
Projected demand for period 4 = 55
Available to promise for period 4 = 80 + 50 + 30 - 55 = 105 (booked orders for all periods minus current period's projected demand)
Projected ending inventory for period 4 = Starting inventory + Projected demand - Available to promise = 40 + 55 - 105 = -10
Since the projected ending inventory for period 4 is negative, we cannot meet the demand for that period. Therefore, the master production schedule quantity for period 4 is 0.
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--The complete question is, Given the forecast and booked orders shown in the table below, and a beginning inventory of 25, what is the master production schedule quantity for period 4?
Period 1 2 3 4
Forecasted Demand 70 65 60 55
Booked Orders 80 50 30 10
Projected ending inventory
Master production schedule 55
Available to Promise 0--
when a company delivers a product or service for which a customer has previously paid, the company records a debit to a(n):
Debit to a liability and credit to an income are the right responses. The business notes a credit to a revenue and a debit to a liability.
A credit entry indicates a value transfer from the account, whereas a debit entry represents a transfer of value to the account. Each transaction involves the movement of money from credited to debited accounts. The polar reverse of credits is a debit. Credits indicate money coming into an account, while debits represent money leaving it. All debits are listed on the top lines of a standard notebook entry, and all credits are listed on the line directly beneath debits. The ability to acquire goods or services or borrow money with the understanding that you'll pay for them later is known as credit.
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the covid-19 pandemic shifted the aggregate supply and aggregate demand curves to the left. did that increase or decrease real gdp, employment, and inflation rate?
The COVID-19 pandemic emerged as a recession on global market, which caused heavy disruptions on business cycle of the various economies.
The COVID-19 virus has led to a sharp contraction in economic activity. Its impact on the real economy led dramatic drop in demand across a wide range of industries.
Estimates of data shows that components of aggregate demand and aggregate supply suffered a great shock, resulting a left-ward shift in AD-AS curve. The leftward shift represents - low market demand and supply, low growth rate of GDP, rise in unemployment, inflationary gap, etc.
Thus, it caused weakened appetite for goods and services among consumers and businesses. And signifies a decline in aggregate demand and brings about a reduction in the level of prices (deflation) and a decline in gross output (recession).
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true or false. regardless of managerial level, all managers have at least one employee reporting to them at all times.
" The given statement "regardless of managerial level, all managers have at least one employee reporting to them at all times." is true.
For example, a high-level executive or a project manager overseeing a cross-functional team may not have any direct reports, but still have managerial responsibilities. Additionally, some managers may be responsible for managing other managers rather than individual contributors. So, the statement that "all managers have at least one employee reporting to them at all times" is not necessarily true.
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what is the plowback ratio for a firm that has earnings per share of $2.68 and pays out $1.75 per share in dividends? group of answer choices 28.20% 71.80% 34.70% 66.67%
The plowback ratio for this firm is 34.70%. The option c is correct.
The plowback ratio, also known as the retention ratio, is the proportion of a company's earnings that are retained or reinvested back into the company rather than being paid out as dividends.
To calculate the plowback ratio, we first need to determine the amount of earnings that are being retained. We can do this by subtracting the dividend payout per share from the earnings per share:
Retained earnings per share = Earnings per share - Dividend per share
Retained earnings per share = $2.68 - $1.75
Retained earnings per share = $0.93
We can calculate the plowback ratio by dividing the retained earnings per share by the earnings per share:
Plowback ratio = Retained earnings per share / Earnings per share x 100%
Plowback ratio = $0.93 / $2.68 x 100%
Plowback ratio = 34.70%
Therefore, the plowback ratio for this firm is 34.70%. This means that the company is retaining approximately 34.70% of its earnings to reinvest back into the business for growth and expansion, while the remaining 65.30% is being paid out as dividends to shareholders.
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mona corporation has a variance of returns of 343, while scott corporation has a variance of returns of 898. which company's actual returns vary more from their mean retur
The variance of returns measures the degree of dispersion or variability of a company's returns from its mean return. The larger the variance, the more spread out the returns are from the mean, indicating a higher level of risk.
Comparing the variances of Mona Corporation (343) and Scott Corporation (898), we see that Scott Corporation has a larger variance, which means its returns are more spread out from the mean return compared to Mona Corporation. Therefore, Scott Corporation's actual returns vary more from their mean return than Mona Corporation's actual returns.
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the bell weather company is a new firm in a rapidly growing industry. the company is planning on increasing its annual dividend by 20 percent a year for the next 4 years and then decreasing the growth rate to 4 percent per year. the company just paid its annual dividend in the amount of $2.70 per share. what is the current value of one share of this stock if the required rate of return is 8.20 percent?
The current value of one share of this stock is $41.87.
We can use the dividend discount model to calculate the current value of one share of this stock. First, we need to calculate the expected dividends for the next four years:
Year 1: $2.70 x 1.20 = $3.24
Year 2: $3.24 x 1.20 = $3.89
Year 3: $3.89 x 1.20 = $4.67
Year 4: $4.67 x 1.20 = $5.60
After year 4, the growth rate decreases to 4 percent per year, so we can use the constant growth formula to calculate the expected dividend for year 5 and beyond:
Year 5 and beyond: $5.60 x 1.04 / (0.0820 - 0.04) = $87.48
Next, we can use the dividend discount model to calculate the current value of the stock:
Current value = ($3.24 / (1 + 0.0820)^1) + ($3.89 / (1 + 0.0820)^2) + ($4.67 / (1 + 0.0820)^3) + ($5.60 / (1 + 0.0820)^4) + ($87.48 / (1 + 0.0820)^4)
Current value = $41.87
Therefore, the current value of one share of this stock is $41.87.
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green tea oreos in china, chocolate and peanut butter oreos in indonesia, and banana dulce de leche oreos in argentina are examples of kraft using strategy. group of answer choices an international a multidomestic a single country a transnational
These examples of Oreo flavors in different countries demonstrate Kraft using a multidomestic strategy.
Multidomestic strategy is a method of international marketing in which companies modify their products and marketing tactics to suit specific cultural, ethnic, and religious characteristics in different countries. Rather than making a standardized product or service and exporting it, businesses concentrate on adapting to the culture, language, and preferences of the country they're in, resulting in a unique product or service.
Multidomestic companies also have the opportunity to develop new products tailored to local preferences, which can be a source of competitive advantage in that region. In this approach, a company adapts its products and marketing strategies to suit the preferences and needs of consumers in each individual country, allowing for a more localized experience.
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a company has an inventory period of 25.5 days, an accounts payable period of 37.1 days, and an accounts receivable period of 31.7 days. what is the company's operating cycle?
A company has an inventory period of 25.5 days, an accounts payable period of 37.1 days, and an accounts receivable period of 31.7 days. The company's operating cycle is 57.2 days.
Determine the inventory period, accounts payable period, and accounts receivable period.
Add the inventory period and accounts receivable period to get the operating cycle.
In this case, the inventory period is 25.5 days, accounts payable period is 37.1 days, and accounts receivable period is 31.7 days.
Find the operating cycle, we add the inventory period and accounts receivable period.
So, the operating cycle is 25.5 days + 31.7 days = 57.2 days.
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suppose that you live two periods, earning $20,000 when you are young, and $30,000 when you become old. suppose that the interest rate is 25% per period. (a) if you bring $1 to your bank when you are young, then how much money can you get when you become old?
If you bring $1 to the bank when you are young, you can get $1.5625 when you become old, assuming an interest rate of 25% per period.
To determine how much money you can get when you become old, we need to calculate the future value of the $1 you brought to the bank when you were young, given an interest rate of 25% per period.
Let's assume that you are young in period 1 and old in period 2. The present value of $1 is $1 in period 1. To calculate the future value of this $1 in period 2, we can use the formula:
Future Value (FV) = Present Value (PV) x (1 + r)^n
Where r is the interest rate per period and n is the number of periods. In this case, r is 25% per period, and n is 2 (since there are two periods between when you are young and when you become old).
Using this formula, we can calculate the future value of the $1 you brought to the bank when you were young:
FV = $1 x (1 + 0.25)^2
= $1 x 1.5625
= $1.5625
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identify and describe the three basic types of business organizations found in the united states. explain as many characteristics for each type of organization as you can.
The three basic types of business organizations found in the United States are sole proprietorships, partnerships, and corporations.
Sole Proprietorships:
A sole proprietorship is a business owned by a single individual. This type of organization is easy and inexpensive to start and maintain. The owner has complete control over the business and is personally liable for all debts and legal issues.
The owner also receives all profits and is responsible for paying all taxes associated with the business.
Partnerships:
A partnership is a business owned by two or more individuals who share profits and liabilities. There are two types of partnerships: general partnerships and limited partnerships. In a general partnership, all partners have equal rights and responsibilities.
In a limited partnership, there is at least one general partner who manages the business and is personally liable for all debts, and one or more limited partners who contribute capital but have no management authority.
Corporations:
A corporation is a legal entity separate from its owners, who are called shareholders. A corporation can be publicly traded or privately owned. Shareholders are not personally liable for the corporation's debts or legal issues, and their liability is limited to their investment in the corporation.
The corporation is managed by a board of directors, who are elected by the shareholders. Corporations are more complex and expensive to set up and maintain than sole proprietorships or partnerships, but they offer many advantages, including the ability to raise capital by selling stock and to attract talented employees with stock options.
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is the following passage a deductive argument or an inductive argument or is the passage not an argument? if the passage is a deductive argument, don't worry about whether it is valid. the wesco corporation had a good earnings report this quarter. that means their stock price is likely to go up. you should invest in wesco stock now.
The given passage is a inductive argument.
The following passage is an inductive argument. The author is using the good earnings report of Wesco Corporation as evidence that tells about the claim that their stock price is growing up. On the other hand ,the conclusion that one should invest in Wesco stock is not necessarily a certain logical consequence of the premise. The reasoning is probabilistic rather than deductive.
On the other hand , Deductive reasoning involves moving from general principles or assumptions to a specific conclusion. It is often used in mathematics, philosophy and can be represented in the form of syllogisms or other formal structures.
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