Apocalyptica Corp. pays a constant $4.82 dividend on its stock. The company will maintain this dividend for the next 6 years and will then cease paying dividends forever. If the required return on this stock is 11 percent, what is the current share price? Answer with 2 decimals (e.g. 45.45).

Answer:

9.5%

Explanation:

we solve for the z value using

z = barX - μ/σ

= 0-0.08/σ

= p(x>0) = 0.80

1-0.80 = 0.20

0-0.08/σ = 0.20

using the z calculator we find the z score using a p value of 0.20

= -0.842

0-0.08/σ = -0.842

-0.08 = -0.842σ

Divide through by -0.842

0.08/0.842 = σ

0.095 = σ

The risk measured by the standard deviation at 80%= 9.5%

Thank you

Answer:

Star Corp.

Star Corp.'s total deductible business expenses for the year is:

= $1,952,000.

Explanation:

Ordinary and Necessary Expenses incurred in 2020:

Office rent:                                 $50,000

CEO compensation:              $1,500,000

Salary paid to janitor:              $250,000

Business meals:                        $30,000 (100% of the amount paid)

Client entertainment:             $100,000 (100% of the amount paid)

Political contribution/lobbying:  $5,000

Advertising:                              $70,000

Taxes & licenses (state, local &

payroll tax; not fed. inc. tax):   $30,000

Life insurance policy on CEO

- premiums:                            $12,000

Federal income taxes:        $250,000

Total expenses incurred $2,297,000

Total Deductible Business Expenses for the year:

Office rent:                                     $50,000

CEO compensation:                 $1,500,000

Salary paid to janitor:                    $20,000

Business meals:                            $15,000 (50% of $30,000)

Client entertainment:                            $0 (0% of $100,000)

Political contribution/lobbying:      $5,000

Advertising:                                  $70,000

Taxes & licenses (state, local &

payroll tax; not fed. inc. tax):       $30,000

Life insurance policy on CEO

- premiums:                                $12,000

Federal income taxes:            $250,000

Total deductible expense = $1,952,000

Answer:

Variable costs vary with the volume of production and can be changed in the short run.

Fixed costs do not vary with the volume of production and cannot be changed in the short run. Only in the long run can they be changed.

Variable costs:

Fixed costs:

Answer:

Explanation:

Population growth may be described in simple terms as the rate at which the number of people residing in a particular country is increasing or multiplying. Some states or countries have a higher population figure than the other and also higher rate of growth. As population increases, the resources available to people in that community suffers as the burden will also grow. The environment also will also take its own share of the effects as overcrowding seems to creep in together with increased burden on environmental resources and infrastructure. If proactive measures aren't taken in other to boost resources and infrastructure as indaquate handling of population growth will almost always result in environmental and infrastructure degradation or decline.

Answer:

The answer is "5.49%".

Explanation:

please find the complete solution in the attached file.

Answer:

grantor; trustee

Explanation:

A trust can be defined as a fiduciary relationship between two party in which one of the parties referred to as a grantor (trustor) grants another party known as the trustee, the express permission, right or authority to hold title to assets or properties for the benefit of a third party. Also, this third party is typically referred to as a beneficiary.

This ultimately implies that, a grantor typically refers to an individual or person that establishes a trust while the person (individual) who is entitled to the income and other distributions as a beneficiary from the trust is generally referred to as the trustee.

In conclusion, a trust refers to a fiduciary entity that is mainly focused on holding and administering a corpus for other individuals or third parties (beneficiaries).

Answer:

Please find the complete solution in the attached file.

Explanation:

Answer:

do you have a picture of a graph

Explanation:

Answer:

9%

Explanation:

Calculation to determine What annual interest rate is Consolidated Freightways paying

Based on the information given we would be using Financial calculator to determine the ANNUAL INTEREST RATE

PV= $60,000

PMT= -$13,375

N= 6

I/Y=?

Hence:

I/Y = 9%

Therefore annual interest rate that Consolidated Freightways is paying will be 9%

Answer:

a. Variable, $85; absorption, $105.

Explanation:

The options that correctly depict amounts included in the per-unit cost of inventory under variable costing and absorption costing is:

i. Variable costing = Variable manufacturing overhead

Variable costing = $85

ii. Absorption costing = Variable manufacturing overhead + Fixed manufacturing overhead

Absorption costing = $85 + $20

Absorption costing = $105

Answer:

a. procedural justice

Explanation:

Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.

Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion

I have attached the word document below, it includesall the necessary information. I hope it will be helpful.

Answer:

The market for packs of AA batteries during a typical week in Tulsa, Oklahoma is described in the table below. Price (dollars)

$20

18

16

14

12

10

8

6 AA Battery Market

Quantity of Batteries

Explanation:

I have attached the document in which the answer is explained in quite detail. I hope this will help. Thanks

Answer:

Fee-only

Explanation:

The financial advisor that Erika is considering is using the fee only compensation model. An advisor who uses this model of compensation is one who receives payment for his or her services rendered directly as fees and not through any forms of commissions. This payment could be based on a particular percentage of your assets that they are in charge of, or it could be hourly.

Answer:

Plato Users

Explanation:

The first drop down is risk and the second one is liquid got 100% on the test.

Answer:

no

Explanation:

Answer:

My sister laughed at my story.

Explanation:

At the center of all marketing efforts is the customer for understanding and meeting customer needs, wants and preferences is the primary focus of marketing.

The customer centric involves identifying target markets, conducting market research and developing products or services that resonate with consumers.

The effective marketing strategies aim to create value for customers, build strong relationships, and satisfy their demands better than competitors.

The customer serves as the guiding force that shapes marketing strategies and determines their success in the ever-evolving marketplace.

To know more about marketing here,

https://brainly.com/question/33994447

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Question Completion:

b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

Answer:

Black Bull Inc.

                                                 20Y5          20Y6

1. Earnings per share (EPS)   $18.20          $21.50

2. The change in the earnings per share from 20Y5 to 20Y6 is favorable.

More revenue and profits were generated in 20Y6 and despite the increased number of shares outstanding, the EPS for 20Y6 performed better than 20Y5's.

Explanation:

a) Data and Calculations:

                                                    20Y5                            20Y6

Net income                         $1,324,000                 $2,630,000

Preferred dividends               $50,000                      $50,000

Earnings available to common

 stockholders                    $1,274,000                $2,580,000  

Average number of

common shares outstanding 70,000 shares    120,000 shares

Earnings per share (EPS)   $18.20                         $21.50

                                  ($1,274,000/70,000)  ($2,580,000/120,000)

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Answer:

Companies usually buy ____real______ assets. These include both tangible assets such as ___property, plant, and equipment____________ and intangible assets such as ____patents, copyrights, and brands_________. To pay for these assets, they sell ____financial_________ assets such as_____bonds________. The decision about which assets to buy is usually termed the _____investment________ or _____capital budgeting__________ decision. The decision about how to raise the money is usually termed the ____financing_________ decision.

Explanation:

Real assets can be tangible or intangible assets.  They are also known as long-term or fixed assets, given their time horizon before they are fully consumed in production.  Real assets, which possess intrinsic value, can be distinguished from financial assets, which are based on contractual claims or securities, including stocks and debts. In any management role, decisions are made about capital budgeting or investment.  These also require financing decisions to fund the investments.

Answer:

10000 before inflation, 10833 after inflation

Explanation:

P = 500000

1 = 10%

Interest calculated = 500000x0.1

= $50000

20%x50000 = $10000

Rate of inflation = (130-120)/120 = 0.833

0.833x100%

= 8.333%

What has to be paid to government

= 10000+(8.333*10000)

= 10833

Before inflation, you owe $10000

After inflation you owe $10833

Answer: a) a firm with valuable, rare, and costly-to imitate resources and capabilities operating in a very attractive industry.

Explanation:

Companies that have valuable, rare and costly to imitate resources and capabilities will see a better economic performance overall because they are offering the market something that not a lot of companies are offering which gives them the opportunity to increase profitability.

This would be even more effective if the company was in an attractive industry. An attractive industry means that there are a lot of buyers and sellers but because the company has costly to imitate resources, they will worry less about the sellers and gain more buyers thereby helping them to perform better.

Answer:

Here is your answer : )

Explanation:

Contractionary fiscal policy means when the government taxes more than it spends.

Expansionary fiscal policy means when the government spends more than it taxes.

Automatic stabilizers means features of the tax and transfer systems that temper the economy when it overheats and stimulate the economy when it slumps without direct intervention by policymakers.

Hope it helps you

Answer:

Ness Company

                                                   2017      2016

(a) Current ratio =                       1.70        1.66

(b) Inventory turnover =             4.45      2.44

(c) Profit margin =                     6.63%    3.82%

(d) Return on assets. (Assets on December 31, 2015, were $1,900.)

=                                              10.77%     5.97%

(e) Return on common stockholders’ equity. (Equity on December 31, 2015, was $900.)

=                                            24.23%    12.69%

(f) Debt to assets ratio =        0.56       0.53

(g) Times interest earned =   43X        12X

Explanation:

Condensed Financial Statements:

NESS COMPANY

Balance Sheets

December 31 (in thousands)

                                                                         2017      2016

Current assets

Cash and cash equivalents                           $330       $360

Accounts receivable (net)                                  47         400

Inventory                                                            46         390

Prepaid expenses                                            130         160

Total current assets                                      1,390       1,310

Property, plant, and equipment (net)              410        380

Investments                                                       10          10

Intangibles and other assets                         530        510

Total assets                                               $2,340   $2,210

Current liabilities                                          $820     $790

Long-term liabilities                                        480       380

Stockholders’ equity—common                  1,040     1,040

Total liabilities and stockholders’ equity $2,340  $2,210

NESS COMPANY

Income Statements

For the Year Ended December 31 (in thousands)

                                                           2017      2016

Sales revenue                                $3,800   $3,460

Costs and expenses

Cost of goods sold                             970         890

Gross profit                                   $2,830    $2,570

Selling & administrative expenses 2,400     2,330

EBIT                                                   $430     $240

Interest expense                                   10          20

Total costs and expenses              3,380     3,240

Income before income taxes            420       220

Income tax expense                          168          88

Net income                                    $ 252     $ 132

(a) Current ratio = Current assets/Current liabilities

=                             $1,390/$820 = 1.70        1.66 (1,310/$790)

(b) Inventory turnover. (Inventory on December 31, 2015, was $340.)

= Cost of goods sold/Average Inventory

=                                            $970/$218 = 4.45   2.44 ($890/$385)

Average inventory for 2016 = $365 ($390 + $340)/2

Average inventory for 2017 = $218 ($46 + $390)/2

Cost of goods sold for 2017 = $970  and 2016 = $890

(c) Profit margin = Net income/Sales

=                          6.63% ($252/$3,800 *100)  3.82% ($132/$3,460 * 100)

(d) Return on assets. (Assets on December 31, 2015, were $1,900.)

= Net income/Total assets

=                         10.77% ($252/$2,340 * 100)  5.97% ($132/$2,210 * 100)

Average assets for 2017 = $2,275 ($2,340 + $2,210)/2

Average assets for 2016 = $2,055 ($2,210 + $1,900)/2

(e) Return on common stockholders’ equity. (Equity on December 31, 2015, was $900.)

= Net income/Common stockholders' equity

=                           24.23% ($252/$1,040 * 100)  12.69% ($132/$1,040 * 100)

(f) Debt to assets ratio = Total Debt/Total Assets

=                           0.56 ($1,300/$2,340)      0.53 ($1,170/$2,210)

(g) Times interest earned = EBIT/Interest

=                                         43X ($430/$10)    12X ($240/$20)

Answer: Aggressive approach

Explanation:

With an Aggressive approach to financing, the management is trying to take advantage of the fluctuations in interest rates by using short term loans to finance some parts of fixed assets as well as current assets. This is what is happening here so the management must be using aggressive financing.

This is unlike the conservative approach where fixed assets are financed with long term financing like stocks and bonds with the logic being that both of them have similar lifetimes and so will supply adequate cashflow for the payment of interest overtime.

Answer:

Company A

The company's weighted average number of shares outstanding at the end of 2004 is:

= 53,188 shares.

Explanation:

a) Data and Calculations:

Date        Description                               Weight    Weighted Average

01/01/04 - 50,000 shares issued

 and outstanding                                      12/12     = 50,000

04/01/04 - 5% stock dividend (2,500)      9/12     =     1,875

10/01/04 - 10% stock dividend (5,250)     3/12      =     1,313

Total weighted average number of shares =          53,188

Answer: See explanation

Explanation:

The coefficient of variations for both stocks will be calculated thus:

For Salas Product

Coefficient of Variation = Standard deviation / Mean × 100

= 5/15 × 100

= 1/3 × 100

= 33.33%

Hot boards:

Coefficient of Variation = Standard deviation / Mean × 100

= 5/20 × 100

= 1/4 × 100

= 25%

Answer:

Fixed costs cannot be changed in the short run and are the same regardless of the volume of production. Variable costs vary with production but can b changed in the short run.

Fixed costs:

Variable costs:

All costs are variable in the long run because all costs can be changed by investment and planning. For instance, over the long term, the company could buy the leased office machinery and not have to pay rent on it thereby stopping that fixed cost.

Answer:

Cumulative Noncumulative

Preferred Dividend 2021 $12,000 $12,000

Preferred Dividend in arrears for 2020

$12,000 $0

Remaining dividend for common Stock holders $1,000 $13,000

Explanation:

Calculation to determine how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021

First step is to calculate the Dividend to be paid to preferred stock holders

Dividend to be paid to preferred stock holders=(2000*$100)*6%)

Dividend to be paid to preferred stock holders=$12,000

Now let determine how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021

CUMULATIVE NONCUMULATIVE

Preferred Dividend 2021 $12,000 $12,000

Preferred Dividend in arrears for 2020

$12,000 $0

Remaining dividend for common Stock holders $1,000 $13,000

($25,000-$12,000+$12,000=$1,000)

($25,000-$12,000=$13,000)

Total Dividend $25,000 $25,000

Answer:

ta bueno pue

Explanation: