Summit Systems will pay a dividend of $1.63 this year. If you expect Summit's dividend to grow by 5.2% per year, what is its price per share if the firm's equity cost of capital is 11.6%?

Answers

Answer 1

In a case whereby Systems will pay a dividend of $1.63 this year. If you expect Summit's dividend to grow by 5.2% per year, its price per share if the firm's equity cost of capital is 11.6% is $25.5

How can price per share be calculated?

The price per share is determined when the startup's asking price and the investor's willing price for a share are in agreement. A price per share is essentially the cost associated with purchasing one share of the startup.

cost of capital is 11.6%= 0.116

dividend to grow = 5.2% per year = 0.052

price per share=$1.63/( 0.116−0.052)=$25.5

Learn more about cost  at;

https://brainly.com/question/25109150

#SPJ4


Related Questions

Choose the behaviors that are exhibited by someone who is using critical thinking.


Tests conclusions against reasonable criteria

Thinks along a narrow track

Gathers relevant information

Assesses information gathered

Jumps to conclusions

Questions ideas and beliefs

Answers

Answer:

b c d f

Explanation:

i just did it <3

A __________allows you to invest your money with a set interest rate for a pre-set period of time. certificate of deposit certificate of deposit money market money market checking checking savings

Answers

A certificate of deposit (CD) allows you to invest your money with a set interest rate for a pre-set period of time.

What is a certificate of deposit?

A certificate of deposit (CD) is a financial product offered by banks and credit unions. It is a type of time deposit where you can invest a certain amount of money for a fixed period of time, typically ranging from a few months to several years.

In return for depositing your money in a CD, the bank or credit union pays you a fixed interest rate that is typically higher than the interest rate offered on a regular savings account.

learn more about certificate of deposit: https://brainly.com/question/29789690

#SPJ4

question 4 imagine that your goal is to retire 34 years from today with $ 1 , 000 , 000 $1,000,000 in savings. assuming that you currently (i.e., today) have $ 5 , 000 $5,000 in savings, what rate of return must you earn on that savings to hit your goal?

Answers

In order to hit the goal of retiring 34 years from today with $1,000,000 in savings, given that currently, you have $5,000 in savings, you will have to earn a rate of return of 6.38%.

Step1. Given that present savings = $5,000Goal of savings = $1,000,000Number of years to retire = 34 years To determine the rate of return needed to hit the goal, we will use the formula for compound interest.

Step2. Compound interest = P(1+r/n)^nt Where P = Principal (initial amount of savings) = $5,000n = Number of times the interest compounds in a year, which can be taken as 1r = Rate of return t = Time period (number of years) = 34 years Solving for r:Compound interest = $1,000,000Principal (initial amount of savings) = $5,000n = 1t = 34 years$1,000,000 = $5,000(1+r/1)^34

Step3. Simplifying this equation,$1,000,000/$5,000 = (1+r)^34= 200^(1/34) - 1 = 0.0638 or 6.38%Thus, to hit the goal of retiring 34 years from today with $1,000,000 in savings, given that currently, you have $5,000 in savings, you will have to earn a rate of return of 6.38%.

To know more about goal refer here : brainly.com/question/30229693

#SPJ11

1.Does the analysis present key information clearly and effectively?
2.Are the recommendations supported by information from the case and/or internal research?
3.What components do you feel are most compelling?
4.What components do you feel could be more fully supported?

Answers

Yes, the analysis presents key information clearly and effectively.

Is the analysis effective in conveying key information?

The analysis effectively presents key information, providing a clear and concise understanding of the subject matter. The main points are well-supported and articulated, allowing the reader to grasp the central ideas without confusion. The information is presented in a logical and organized manner, making it easy to follow and comprehend.

The analysis includes relevant data, facts, and evidence from the case and potentially internal research. This strengthens the credibility of the recommendations and enhances the overall persuasiveness of the analysis. The comprehensive use of supporting information ensures that the recommendations are grounded in sound reasoning and analysis.

Learn more about Key information

brainly.com/question/30036764

#SPJ11

inventory turnover is computed by dividing cost of goods sold by ____
a. 2(ending inventory + beginning inventory) b. (beginning cost of goods sold + ending cost of goods sold)/2 c. (ending inventory + cost of goods sold)/2 d. (beginning inventory + ending inventory)/2

Answers

Inventory turnover is computed by dividing the cost of goods sold by the average inventory. The correct option is c) (ending inventory + cost of goods sold)/2.

The cost of goods sold (COGS) is multiplied by the average inventory to calculate inventory turnover. The average inventory is normally determined by averaging the initial and ending inventories over a given time period.

The equation d) (starting inventory + finishing inventory)/2 is the one that accurately determines the average inventory among the possibilities supplied. In order to get the average, this formula adds the starting and ending inventories together, then divides the total by two.

Learn more about Inventory turnover:

brainly.com/question/30410494

#SPJ4

`
18 and 19 only please
☐ [Q1-Q3] Suppose Emunistan has the aggregate production function: Y = AK¹/2¹/2, where the level of technology A is fixed at 8. Assume the following initial situation: - the saving rate is 0.25, -

Answers

In the case, steady state capital stock per person is 500.

The production function of Emunistan is Y = AK¹/²L¹/² and level of technology A is fixed at 8. The saving rate is 0.25 and the depreciation rate is 0.2. There is no population growth.

Steady state per capita capital stock (k*)= ?

Per capita production function is:

y = AK¹/²L¹/²= AK¹/²L¹/² - 1

The steady-state per capita capital stock (k*) is calculated as:

k* = [ s / (n + δ) ]1 / (1-α)

Here, s is the saving rate, δ is the depreciation rate, n is the population growth rate, and α is the capital share of income.

s = 0.25

δ = 0.2

n = 0

α = 1/2 (capital share of income)

Putting all the given values in the equation we get:

k* = [0.25 / (0 + 0.2)]1 / (1-1/2)= [0.25 / 0.2]1 / (1/2)

k* = 500

Therefore, the steady-state per capita capital stock (k*) is 500.

Complete question:

Suppose Emunistan has the aggregate production function: Y = AK^{1/2}L^{1/2}, where the level of technology A is fixed at 8. Assume the following initial situation:

- the saving rate is 0.25,

- the depreciation rate is 0.2,

- there is no population growth.

steady state capital stock per person (k*)

01) a) 20

02) b) 40

03) c) 60

04) d) 80

05) e) 100

Answer: The correct option is (e) 100.

Learn more about capital stock at https://brainly.com/question/31117550

#SPJ11

Which of these transactions would produce $10,000 of expenses in December? (check all that apply)
a)BOC buys $10,000 of copper in December.
b)BOC uses copper to make batteries at a total cost of $10,000 in December.
c)BOC sells batteries costing $8,000 in December for $10,000 cash.
d)BOC sells batteries costing $10,000 in December for $12,000 cash.
e)BOC signs a contract in December to buy $10,000 of copper.

Answers

There are two transactions that will produce $10,000 of expenses in December: BOC buys $10,000 of copper in December and BOC uses copper to make batteries at a total cost of $10,000 in December. The correct options are a and b.

Option a) BOC buys $10,000 of copper in December. This will produce $10,000 of expenses in December because buying copper will include its cost of production and material costs, all of which will sum up to a total of $10,000. It is because this purchase of copper will be counted in the expenses of the business.

Option b) BOC uses copper to make batteries at a total cost of $10,000 in December. This will produce $10,000 of expenses in December because the production cost of these batteries which includes material cost, labor cost, and other overheads cost will be counted as expenses of the business. Hence, it will generate $10,000 in expenses in December.

The correct options are a and b.

Learn more about Production costs: https://brainly.com/question/29886282

#SPJ11

Question 2 (a) Explain the factors that contribute towards effective technical writing. (4 marks) (b) Having good and strong problem solving skills can make a huge difference to your career. Justify f

Answers

The possessing good problem-solving skills equips individuals with the ability to overcome obstacles, improve efficiency, and contribute positively to their organizations, ultimately enhancing their career prospects.

(a) Factors that contribute towards effective technical writing include:

Clarity and conciseness: Technical writing should be clear and concise, using simple language to convey complex information. It should avoid jargon and acronyms that may confuse the reader.

Audience awareness: Effective technical writing takes into consideration the needs and background of the target audience. Writers should adapt their language and level of detail to match the audience's knowledge and expertise.

Organization and structure: Technical writing should be well-organized, with a logical flow of ideas. It should have clear headings, subheadings, and a consistent structure to help readers navigate the document easily.

Use of visuals: Incorporating visuals like diagrams, charts, and tables can enhance understanding and clarify complex concepts. Visual aids should be labeled properly and referred to in the text.

(b) Good and strong problem-solving skills can indeed make a huge difference to your career. Problem-solving skills are highly valued in the workplace because they enable individuals to identify, analyze, and resolve challenges effectively. Here are a few reasons why these skills are crucial:

Adaptability: Problem-solving skills help individuals adapt to new situations and find creative solutions. In a rapidly changing work environment, being able to tackle unexpected problems is essential for success.

Efficiency and productivity: Strong problem-solving skills allow individuals to approach tasks and projects with a structured and strategic mindset. They can identify the root causes of issues, explore multiple solutions, and select the most efficient and effective course of action.

Leadership potential: Problem-solving skills are often associated with leadership qualities. Individuals who can address challenges and make informed decisions inspire confidence in their peers and superiors.

Innovation: Effective problem-solving encourages innovative thinking. It involves considering alternative perspectives, thinking outside the box, and exploring unconventional solutions. This mindset can lead to the development of new ideas and improvements in products, services, and processes.

For more such questions on organizations

https://brainly.com/question/25922351

#SPJ8

Accounting work was done for a client with 30 days given for payment. Accounts Receivable was debited and Revenue was credited. The business was following the fiscal period concept. the matching principle. the revenue recognition principle. the time period principle.

Answers

The hourly effective capacity of the mailroom clerk resource pool, considering a unit load of 17 minutes and one resource unit, is approximately 3.529.

To compute the hourly effective capacity of the mailroom clerk resource pool, we need to consider the unit load (Tp) and the number of resource units in the pool.

Unit load of mailroom clerk (Tp) = 17 minutes

Number of resource units in the mailroom clerk resource pool = 1

Process utilization is given as 0.9, which means that the system is operating at 90% of its total capacity. However, utilization is not needed to compute capacities in this case.

To calculate the hourly effective capacity, we need to convert the unit load to hours and multiply it by the number of resource units:

Effective capacity = (60 minutes / Tp) * Number of resource units

= (60 / 17) * 1

= 3.529 (approximately)

Therefore, the hourly effective capacity of the mailroom clerk resource pool is approximately 3.529.This value represents the maximum number of medical bills that can be processed by the mailroom clerk resource pool in one hour, taking into account the unit load and resource availability.

To know more about effective capacity click here

brainly.com/question/28476417

#SPJ11

D, E, and F share partnership profits in the ratio of 2:3:5. On September 30, F opted to retire from the partnership. The capital balances on this date follow:
D, Capital - 25,000
E, Capital - 40,000
F, Capital - 35,000
F accepted a fully depreciated PPE for a value of 10,000 and 40,000 cash in full settlement of the partnership interest. How much is the capital of D after the retirement of F?

Answers

The capital of D after the retirement of F is $28,500. The profit-sharing ratio is given as 2:3:5, which means that D is entitled to 2/10 of the total profits, E is entitled to 3/10, and F is entitled to 5/10. First, we need to calculate the total capital in the partnership before F's retirement:

Total capital = D's capital + E's capital + F's capital,Total capital = $25,000 + $40,000 + $35,000. Therefore, Total capital = $100,000. Next, we calculate the distribution of F's share of the partnership:  F's share = F's capital / Total capital. F's share = $35,000 / $100,000, F's share = 0.35 or 35%. Now, we determine the amount of F's share that will be settled with the fully depreciated PPE and cash: PPE value = $10,000,Cash value = $40,000. The total value of F's share to be settled is: Total value = PPE value + Cash value,Total value = $10,000 + $40,000.  Therefore, Total value = $50,000

To calculate the distribution of F's share among D and E, we use the profit-sharing ratio: D's share = F's share x D's profit-sharing ratio. D's share = 35% x (2/10).Therefore, D's share = 7%.E's share = F's share x E's profit-sharing ratio. E's share = 35% x (3/10), Therefore, E's share = 10.5%. Calculate the distribution of the settlement value for D and E: D's settlement value = D's share x Total value. D's settlement value = 7% x $50,000, Therefore,D's settlement value = $3,500. E's settlement value = E's share x Total value.E's settlement value = 10.5% x $50,000 ,Therefore,E's settlement value = $5,250.  

Finally, we adjust the capital balances for D and E: D's new capital = D's capital + D's settlement value. D's new capital = $25,000 + $3,500. D's new capital = $28,500.Therefore, the capital of D after the retirement of F is $28,500.

To know more about Profits visit-

brainly.com/question/14096848

#SPJ11

Which of the following is an example of creating new urban food systems?

a. Bringing the countryside into the city through urban farming.
b. Bringing the countryside into the city by making it easier to ship farm products to cities.
c. Growing biofuels within city limits.
d. Encouraging grocery stores to stock more fresh produce.

Answers

An example of creating new urban food systems is: Bringing the countryside into the city through urban farming.

Urban food systems are made up of complex and dynamic processes that allow for food to be produced, distributed, and consumed in a metropolitan area. These systems include the various actors who participate in the food system, as well as the infrastructures and policies that govern it.

It is critical to create new urban food systems in order to provide adequate nutrition to the people living in cities. A healthy diet that includes fresh fruits and vegetables is critical to good health and longevity. As a result, local, fresh, and healthy food should be available to all people, regardless of where they live. In addition, urban food systems must be sustainable and adaptable to climate change in order to ensure long-term food security.

It improves the quality of life for city residents. It encourages community involvement and engagement in local food systems. It fosters community building and cohesion, as well as educational and job opportunities.

Learn more about urban food visit : brainly.com/question/32273057

#SPJ11

Name key types of executive bonuses, outline their role in a
typical CEO compensation package and determine their contribution
to the GWG at the C-suite level

Answers

Signing Bonuses, Long term incentives, Retention Bonuses and Annual performance bonuses are some key CEO compensation packages

The key types of executive bonuses, outline their role in a typical CEO compensation package.

There are numerous primary forms of executive bonuses that may be included in a typical CEO remuneration package. These bonuses act as additional incentives and rewards for the CEO's performance and contributions to the success of the organization.

Some of the packages include Signing Bonuses, Long term incentives, Retention Bonuses and Annual performance bonuses.

Although there is no clear connection between these bonuses and daily performance, they can still offer executives financial stability in the case of an unplanned departure. In addition to severance compensation, expedited equity award vesting, pension benefits, and other perks, GWG packages might vary in size and composition between firms.

Learn more on CEO compensation packages here: https://brainly.com/question/31464228
#SPJ1

If a shirt was increased 20%, and its price after increase is $108. What was the original price before the increase was applied?

Answers

Let x be the original price of the shirt.The shirt was increased by 20%.The increase can be represented as (20/100)*x, which is 0.2x.After the increase, the new price of the shirt is $108.

Therefore we have the equation:x + 0.2x = $108Simplifying the above equation, we get:1.2x = $108x = $108/1.2x = $90Therefore, the original price of the shirt was $90. We can check if this is correct:20% of $90 is 0.2 * $90 = $18. $18 added to $90 is $108, which is the final price of the shirt after the 20% increase. Therefore, our answer is correct.

To know more about increased visit:

https://brainly.com/question/16029306

#SPJ11

3.2 Canparts Technical Exercise Exercise • You are the Project Manage Set-up a JV factory in China Building standards in Canada have higher standards for both bu ding and operations than Chinese

Answers

As the project manager, what are the steps you would take to set up a JV factory in China considering that building standards in Canada are higher than the ones in China.

The following are the steps the project manager would take to set up a JV factory in China considering that building standards in Canada are higher than the ones in China:

1. Conduct Research The project manager must conduct research on the Chinese regulations on factory construction and compare them to Canadian regulations to establish the gaps between the two countries' standards.

2. Hire a Chinese Partner The project manager must hire a Chinese partner to assist in the JV factory setup process, who will be able to provide guidance and support in complying with the local regulations.

3. Use the International Building Code (IBC)The International Building Code (IBC) can be used as a benchmark to comply with Chinese building regulations. Since the IBC is widely recognized as an international standard, the project manager can ensure that the JV factory adheres to the highest possible building standards.

4. Ensure That Canadian Standards are Followed The Canadian company's management team must ensure that all Canadian standards are followed in the JV factory. This includes setting up the most efficient factory operations possible.

5. Hire an International Consulting Company Hiring an international consulting company with experience in managing joint ventures and setting up factories in China will be beneficial for the project manager.

Learn more about project manager:

https://brainly.com/question/27995740

#SPJ11

Explain TWO reasons why it is important for the company to invest in the knowledge project. ( provide the reasons and explain the reasons and also provide examples for each reason )

Answers

Investing in the knowledge project has significant benefits for a company. The knowledge project refers to the process of collecting, storing, and sharing knowledge within a company.

In this regard, two reasons why it is important for a company to invest in the knowledge project include: It helps in improving employee productivityInvesting in the knowledge project helps in improving employee productivity. When employees have access to the company's knowledge base, they can access information faster and more efficiently, allowing them to complete their tasks quickly and efficiently. For instance, in an automobile company, providing employees with access to engineering diagrams, design documents, and technical manuals will enable them to work faster and with greater accuracy, which will improve overall productivity.

As a result, investing in the knowledge project will not only help the company to achieve its goals but also ensure its continued success. It increases innovationInvesting in the knowledge project helps to increase innovation. When employees have access to the company's knowledge base, they can access information that they can use to come up with new and innovative ideas. This will help the company to stay ahead of its competitors and increase its profitability. For example, in a pharmaceutical company, providing employees with access to scientific research and clinical trials will enable them to come up with new drugs and treatments, which will increase the company's profits. Additionally, innovation will lead to increased customer satisfaction, which will improve the company's reputation and attract new customers.

Overall, investing in the knowledge project is essential for a company's success. It helps in improving employee productivity and increases innovation. Through this process, the company can remain competitive and profitable.

To know more about investing visit:

https://brainly.com/question/17252319

#SPJ11

Which of the following are common techniques used by antivirus software to identify malware? More than one answer may be selected Check All That Apply a. searching for the specific set of data that makes up a virus signature b. examigos for Suspicious characteristics without on exact agnature match c. quarantining all new files and software wion they are saved to a hard drive d. quorunning all mos that are sent ty someone who is not in their contact list

Answers

Examigos for Suspicious characteristics without on exact agnature match are common techniques used by antivirus software to identify malware. The answer is OPTION B.

Scanning, integrity checking, intercepting, and heuristic detection are the four main techniques used today for virus detection. Instead of doing the analysis locally, cloud-based detection detects malware by gathering data from protected PCs and analysing it on the provider's infrastructure.

Phishing emails are by far the most popular way for hackers and state-sponsored hacking groups to disseminate malware. Hackers have gotten quite good at creating emails that fool recipients into clicking links or downloading files with harmful software. Malware analysts frequently employ the two approaches of static analysis (also known as code analysis) and dynamic analysis (also known as behaviour analysis) in the process of analysing malware.

To learn more about malware, click here.

https://brainly.com/question/29786858

#SPJ4

A good agenda includes any pre-meeting preparation expected of participants.

a. true
b. false

Answers

The correct option is a. True. A good agenda typically includes any pre-meeting preparation expected of participants. This means that participants are informed in advance about any tasks, readings, or materials they need to review or prepare before the meeting.

It allows participants to come prepared and ready to contribute effectively to the meeting discussions and decision-making processes. Including pre-meeting preparation in the agenda ensures that everyone is on the same page and helps maximize the productivity and efficiency of the meeting.

It also demonstrates good organizational and communication practices by providing participants with clear expectations and necessary information ahead of time. Ultimately, including pre-meeting preparation in the agenda promotes active participation and ensures that the meeting time is utilized more effectively.

To know more about organizational visit-

brainly.com/question/32528515

#SPJ11

As part of an advertising media selection process, RFIE metrics are typically used. Explain in your own words each of the four metrics of RFIE and what they measure. additionally, identify which measurement would be most important when launching a new computer hardware product and WHY. Be sure your answer and descriptions of RFIE are in your own words.

Answers

RFIE metrics (Reach, Frequency, Impact, and Efficiency) are used as a part of an advertising media selection process.

Here is the complete information of each of the four metrics of RFIE and what they measure:

1. Reach: it refers to the number of people that an ad reaches. It measures the size of an audience that will see or hear an ad.

2. Frequency: it refers to the number of times an ad is displayed to a specific audience over a certain period. This metric measures how often an audience will see an ad.

3. Impact: it refers to the strength of the audience’s response to an ad. This metric measures how well an ad captures an audience’s attention and how much it affects them.

4. Efficiency: it refers to how much an ad costs per reach or per action. It measures how much money is required to reach the audience, create an impression, and stimulate the desired response.

In the case of launching a new computer hardware product, the Reach metric would be the most important because the product needs to be advertised to as many people as possible to create awareness and promote sales.

To know more about Advertising visit:

https://brainly.com/question/32482022

#SPJ11

Success is defined as being able to change jobs, often is valid for which career path:

a. Roamer

b. Lateral

c. Linear

d. Expert

Answers

The career path that the statement "success is defined as being able to change jobs, often" is most valid for is Roamer. Option a is correct.

In the world of work, the Roamer is a career path that involves frequent changes in employment. A Roamer is someone who is interested in a variety of occupations and moves around frequently within the same industry, often relocating for new job opportunities.

In a broader sense, the term "Roamer" refers to someone who does not follow a particular career path or plan but instead switches jobs and industries frequently throughout their working life. Success is frequently defined as being able to change jobs often in a Roamer career path.

This is because, in a Roamer career path, success is frequently measured by how often and how successfully an individual can change jobs. Being able to constantly adapt to new surroundings and occupations is a talent that is valued in Roamer careers.

Therefore, a is correct.

Learn more about career path https://brainly.com/question/29639577

#SPJ11

On August 31, the balance sheet of La Brava Veterinary Clinic showed:
Cash $9,000
Accounts Receivable $1,700
Supplies $600
Equipment $6,000
Accounts Payable $3,600
Common Stock $13,000
Retained Earnings $700
During September, the following transactions occurred:
1. Paid $2,900 cash for accounts payable due.
2. Collected $1,300 of accounts receivable.
3. Purchased additional equipment for $2,100, paying $800 in cash and the balance on account.
4. Recognized revenue of $7,300, of which $2,500 is collected in cash and the balance is due in October.
5. Declared and paid a $400 cash dividend.
6. Paid salaries $1,700, rent for September $900, and advertising expense $200.
7. Incurred utilities expense for month on account $170.
8. Received $10,000 from Capital Bank on a 6-month note payable.
(a) Prepare a tabular analysis of the September transactions beginning with August 31 balances. The column headings should be as follows: Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Common Stock _ Retained Earnings + Revenues - Expenses - Dividends.
(b) Prepare an income statement for September, a retained earnings statement for September, and a balance sheet at September 30.

Answers

(a) The tabular analysis of the September transactions is as follows:

|                          | Cash | Accounts Receivable | Supplies | Equipment | Notes Payable | Accounts Payable | Common Stock | Retained Earnings | Revenues | Expenses | Dividends |

|--------------------------|------|---------------------|----------|-----------|---------------|------------------|--------------|-------------------|----------|----------|-----------|

| August 31 Balances       | $9,000 | $1,700              | $600     | $6,000    | -             | $3,600           | $13,000       | $700              | -        | -        | -         |

| September Transactions  |      |                     |          |           |               |                  |              |                   |          |          |           |

| 1. Accounts Payable Paid | -$2,900 |                     |          |           |               | +$2,900          |              |                   |          |          |           |

| 2. Accounts Receivable Collected | +$1,300 | -$1,300             |          |           |               |                  |              |                   |          |          |           |

| 3. Equipment Purchased   | -$800 |                     |          | +$2,100    |               | +$1,300          |              |                   |          |          |           |

| 4. Revenue Recognized    | +$2,500 |                     |          |           |               |                  |              |                   | +$7,300  |          |           |

| 5. Dividend Paid         | -$400 |                     |          |           |               |                  |              |                   |          |          | -$400     |

| 6. Expenses Paid         | -$3,800 |                     |          |           |               |                  |              |                   |          | -$2,800 |           |

| 7. Utilities Expense Incurred | -$170 |                     |          |           |               | +$170            |              |                   |          |          |           |

| 8. Note Payable Received | +$10,000 |                     |          |           | +$10,000       |                  |              |                   |          |          |           |

| September 30 Balances    | $14,130 | $400                | $600     | $8,100    | $10,000       | $6,470           | $13,000       | $700              |          | -$2,800 | -$400     |

(b) Income Statement for September:

Revenues: $7,300

Expenses: $2,800

Net Income: $4,500

Retained Earnings Statement for September:

Retained Earnings, August 31: $700

Net Income: $4,500

Dividends: $400

Retained Earnings, September 30: $4,800

Balance Sheet at September 30:

Assets:

Cash: $14,130

Accounts Receivable: $400

Supplies: $600

Equipment: $8,100

Total Assets: $23,230

Liabilities:

Notes Payable: $10,000

Accounts Payable: $6,470

Total Liabilities: $16,470

Equity:

Common Stock: $13,000

Retained Earnings: $4,800

Total Equity: $17,800

Total Liabilities and Equity: $23,230

Note: The balances in the Revenue and Expense accounts are not included in the Balance Sheet since they are closed to Retained Earnings at the end of the period.

To learn more about Equity - brainly.com/question/31458166

#SPJ11

Imagine that you are a broker working for backstreet financial. You receive a large flow of orders from many different investors. You receive an order from skipper, the CEO of island tours, to sell unregistered common stock purchased in island tours private placement of seven months ago. The securities all bear a rule 502 (d) legend indicating their restricted status. Suppose that back street financial maintains a list of customers that have indicated to brokers at backstreet financial within a past ten days a desire that they would like to purchase the stock of high growth high risk startup companies. Backstreet financial records the names of only those customers who have purchased similar securities in the past from back street financial. As the broker receiving the sale order from skipper, can you contact the customer on the list and sell them the island tours restricted securities?

Answers

As a broker with Backstreet Financial, you may not sell island tours restricted securities.

Why is this sale not allowed?Because the seller must follow all the normal rules of the company.Because the broker must follow the laws related to his activity.Because a more comprehensive compliance processor would be needed.

As shown in the text above, the securities have a 502(d) legend, indicating that they are restricted securities and cannot be sold like normal securities. For the sale to take place, the broker needs a more extensive compliance processor, even though he has registered the names of customers who participated in similar purchases.

Learn more about brokers

https://brainly.com/question/17247887

#SPJ4

Write a 300 word news story about a traffic accident. There must be 5 vehicles in the accident including 2 females and 3 males. Be as creative as possible. The content must have a title; do not use articles like a, an, the, or is in the title; the title cannot be one word.

Answers


A major traffic accident that left five people, including two females and three males, injured occurred in the downtown area on Monday evening. According to eyewitnesses, the accident happened at the intersection of Main Street and First Avenue.


Emergency services were quickly on the scene, and the five victims were transported to the local hospital with various injuries. According to reports, John Smith sustained a broken arm, while Jane Doe suffered a concussion. Tom Jones had cuts and bruises, and Sarah Wilson had a sprained ankle. The driver of the parked car was not injured.



The accident resulted in the closure of Main Street for several hours, causing major traffic jams in the downtown area. Law enforcement officials were also on the scene to investigate the accident and determine who was at fault
In conclusion, the accident caused significant damage to the vehicles involved, and the five victims are currently receiving medical attention at the local hospital. Law enforcement officials have urged drivers to always obey traffic rules and regulations to prevent such accidents. The downtown area has now reopened, and traffic flow has resumed.

To know more about including  visit;

https://brainly.com/question/12978305

#SPJ11

The _____ _____line refers to a firm's economic, social, and environmental performance

Answers

The Triple Bottom Line refers to a firm's economic, social, and environmental performance.

What is Triple Bottom Line?

Triple Bottom Line (TBL) is a business theory that focuses on three key aspects: financial, social, and environmental. Companies that are dedicated to these three pillars are more likely to have a positive impact on society and the environment while also generating financial success.

Triple Bottom Line is a concept that considers the following aspects:

Planet - environment, ecological, and environmental impact.People - social, labor, and cultural impact.Profit - economic, financial, and business impact.In order to be a successful and responsible company, it is critical to consider all three of these aspects simultaneously.

Learn more about Triple Bottom Line (TBL)  here: https://brainly.com/question/30842276

#SPJ11

Information about 3 securities is presented here: Security Beginning-of-Year Price End-of-Year Price Interest/Dividend Paid
Stock 1 $ 42.50 $ 46.75 $ 1.50
Stock 2 $ 1.25 $ 1.36 $ -
Bond 1 $ 1,020.00 $ 1,048.00 $ 41.00
Questions: a. Assuming Interest and dividends are paid annually, calculate the annual holding period return on each security. b. During the year, management of Stock 2 spent $10M, of $.50 per share, repurchasing 7.7 million of the company's shares. How does this information affect calculation of the holding period return of the stock?

Answers

Influences the overall holding period return..to calculate the annual holding period return on each security, we can use the following formula:

holding period return = ((end-of-year price + interest/dividend) - beginning-of-year price) / beginning-of-year price

a. calculating the annual holding period return on each security:

for stock 1:holding period return = (($46.75 + $1.50) - $42.50) / $42.50

holding period return = $5.75 / $42.50holding period return ≈ 0.1353 or 13.53%

for stock 2:

since no dividends or interest are paid, the holding period return will be based solely on the change in price.holding period return = ($1.36 - $1.25) / $1.25

holding period return = $0.11 / $1.25holding period return = 0.088 or 8.8%

for bond 1:

holding period return = (($1,048.00 + $41.00) - $1,020.00) / $1,020.00holding period return = $1,069.00 / $1,020.00

holding period return ≈ 1.046 or 4.6%

b. the information about stock 2's share repurchase affects the calculation of the holding period return. the repurchase of shares reduces the number of outstanding shares, which can lead to an increase in the stock price. however, since the repurchase price per share and the total number of shares repurchased are not provided, we can't determine the exact impact on the holding period return without this information.

if the repurchase price per share was below the beginning-of-year price, the holding period return would likely be higher. conversely, if the repurchase price per share was above the beginning-of-year price, the holding period return would likely be lower. the repurchase activity affects the capital gains or losses realized by shareholders and

Learn more about bond here:

https://brainly.com/question/31994049

#SPJ11

under a sinking fund provision, money is set aside every year until the bond matures, and the money is used to purchase bonds from willing sellers. true fals

Answers

The given statement is false that the sinking fund provision allows for the purchase of bonds from willing sellers with the money set aside each year until the bond matures.

Money is set aside each year until the bond matures under a sinking fund provision, but the money is used to redeem some outstanding bonds prior to their maturity date.

The total amount of debt that is still outstanding is reduced when the bonds are repurchased by the issuer from the open market or directly from bondholders.

This provision assures bondholders that the issuer will have sufficient funds to fulfill its obligations at maturity and helps to reduce the bond's credit risk.

Therefore, the given statement is false.

Learn more about the sinking fund, refer to:

https://brainly.com/question/32258655

#SPJ4

what cost flow assumption(s) does deere and company use to determine inventory cost?

Answers

Deere and Company uses the cost flow assumption known as First-In, First-Out (FIFO) to determine inventory cost.

Under the FIFO method, it is assumed that the first units purchased or produced are the first ones to be sold or used, and the ending inventory consists of the most recently acquired or produced units. This assumption implies that the cost of inventory is based on the most recent purchases or production costs. By using FIFO, Deere and Company assigns the cost of inventory based on the chronological order of acquisition or production, providing a systematic and consistent approach for inventory valuation.

To know more about cost flow, here

https://brainly.com/question/32234217

#SPJ4

When the rate of return of the market portfolio increases or decreases by 1.5%, the rate of return on stock X will vary by 1.2% with the same direction. What is the beta of stock X? A. 0.8 B. 1.25 O C. -0.8 OD. 0.3

Answers

As per the given metrics, the beta of stock X is A. 0.8)

Percentage of  increases or decreases = 1.5%,

Percentage Variation of stock X = 1.2%

A stock's beta gauges how sensitive it is to changes in the market portfolio. It shows how much the returns on the stock fluctuate in reaction to fluctuations in the market. In this instance, it is stated that the rate of return on stock X fluctuates by 1.2% in the same direction as the rate of return of the market portfolio changes by 1.5%.

Calculating the value of the beta stock -

Beta = Covariance(stock X returns, market returns) / Variance(market returns)

Substituting the values -

= 1.2% / 1.5%

= 0.8

Read more about stock on:

https://brainly.com/question/26128641

#SPJ4

D.6. Your client, a toll turnpike authority, is considering the feasibility of a 100-mile extension to the present turnpike at a cost of $2,000,000 per mile. The traffic is estimated to average 25,000 cars per day (365 days per year) for the first year. Each year thereafter the traffic is expected to increase by an additional 2,500 cars per day for the full 20-year life of the project. (Use n 20). The money to build the road can be borrowed on road bonds at 7 per- cent. Sixty percent of the toll receipts will be needed to pay operating and maintenance costs, and the remaining 40 percent will be available to retire the bonds. The authority asks you to determine how much toll must be charged each car in terms of dollars per mile in order to pay O&M costs as well as retire the bonds.

Answers

The toll that must be charged per car in dollars per mile to pay O&M costs as well as retire the bonds is $0.91 per car per mile.

To determine the toll that must be charged per car in dollars per mile to pay O&M costs as well as retire the bonds, the following calculations can be done:

The total cost of the project is given as $2,000,000 x 100 miles = $200,000,000.

The funds will be borrowed at 7%, so the annual debt service for the road will be:

Annual debt service = $200,000,000 x 0.07 = $14,000,000

The traffic is expected to increase by an additional 2,500 cars per day for the full 20-year life of the project.

The toll receipts for the first year can be calculated as follows:

Toll receipts = Number of cars per day x toll per car x number of days in the year= 25,000 x T x 365

The total O&M costs will be 60% of the toll receipts, so:

Toll receipts x 60% = $8,400,000

Therefore, the toll that must be charged per car in dollars per mile to pay O&M costs as well as retire the bonds is:

T = $8,400,000 ÷ (25,000 x 365) = $0.91 per car per mile.

To know more about bonds visit:

https://brainly.com/question/31358643

#SPJ11

: Sales reported on the income statement totaled $782,000. The beginning balance in accounts receivable was $102,000. The ending balance in accounts receivable was $120,000. Under the direct method of determining the net cash provided by (used in) operating activities on the statement of cash flows, sales adjusted to a cash basis are: Multiple Choice O O O O $800,000 $764,000 $680,000 $902,000

Answers

The amount of the sales adjusted to a cash basis are $764,000.

Specifically, the amount of sales revenue earned during the period that was not collected must be subtracted from sales on the income statement, and the amount of cash received from customers during the period that relates to sales revenue that was earned during prior periods must be added to sales on the income statement.

Beginning balance in accounts receivable = $102,000

Ending balance in accounts receivable = $120,000

Change in accounts receivable = Ending balance - Beginning balance= $120,000 - $102,000= $18,000

Sales adjusted to a cash basis= Sales reported on the income statement - Change in accounts receivable= $782,000 - $18,000= $764,000

Learn more about account receivables at:

https://brainly.com/question/31193062

#SPJ11

A commonly used indirect channel moves product from producer to retailer to consumer. This channel is used when a wholesaler not needed to break bulk or when a.the retail outlets are regionally located.
b. there is little if any seasonal demand. c. the risk lies solely with the manufacturer.
d. the retailer is large and can buy in large quantities from a producer.

Answers

A commonly used indirect channel moves product from producer to retailer to consumer. This channel is used when a wholesaler not needed to break bulk or when the retailer is large and can buy in large quantities from a producer. Option D is the correct answer.

An indirect channel transports goods from the maker to the customer by way of a number of middlemen. A company's distribution tasks are carried out by intermediaries through an indirect distribution channel. Direct distribution relieves the manufacturer of some initial expenses and duties that could reduce the amount of time needed for business operations.

Additionally, an indirect distribution channel may be considerably easier to manage than a direct distribution channel with the correct vendor connections. It can provide a business with much-needed support and distribution knowledge that the business might not have. Additionally, indirect distribution can result in additional levels of fees and red tape, raising consumer costs, delaying deliveries, and removing control from the producer.

Learn more about Retailer here:

https://brainly.com/question/25376778

#SPJ4

Other Questions
a. Why an economy should or should not adopt WPI or CPI as inflation measure?b. Explain the actions the Central Bank can take to increase the money supply.c. Explain why the Central Bank cannot control the exact size of the money supply. Briefly explain the meanings of the following terms as they relate to this experiment. Include structural formulas if appropriate.1) aldohexose2) reducing sugar3) hemiacetal Graph the system of linear inequalities.y < x + 3y 2x 1Give two ordered pairs that are solutions and two that are not solutions. On January 1, 2024, Clark Corporation signed a $200,000, two-year, 9% note. The loan required Clark to make payments annually on December 31 of $100,000 principal plus interest. 1. Journalize the issuance of the note on January 1, 2024 2. Journalize the first payment on December 31, 2024 (Record debits first, then credits. Select explanations on the last line of the journal entry) Journalize the issuance of the note on January 1, 2024 Date Accounts Accounts and Explanation Jan 1 Debit CUTE Credit Consider a firm A that wishes to acquire an equipment. The equipment is expected to reduce costs by $6000 per year. The equipment costs $21000 and has a useful life of 8 years. If the firm buys the equipment, they will depreciate it straight-line to zero over 8 years and dispose of it for nothing. They can lease it for 8 years with an annual lease payment of $7000. If the after-tax interest rate on secured debt issued by company A is 3% and tax rate is 40%, what is the Net Advantage to Leasing (NAL)?(keep two decimal places) Changing process mean will always improve capability. Justify your answer in support or against of the statement? Solve for |x + 4|= -8If anyone helps thank u Is currency is a good store of value (in the short-run) in New Zealand when unemployment is consistently going down, and the Philipps curve relationship applies to New Zealand economy in the short-run?True/false This course is called Principlesof Finance! Please answer the questions in their entirety, if youcan not please do not accept this question! Please answer all ofthe questions I post. Thank you for Tony is offering Phil two repayment plans for a long overdue loan. Offer 1 is a visit from an enforcer and the debt is due in full at once. Offer 2 is to pay back $5,000 at the end of each year at 10% now, you consider which tools to use to create data visualizations that will clearly communicate the results of your analysis. you and your team decide to make both spreadsheet charts and tableau data visualizations. in addition, you build a dashboard to share live, incoming data with your stakeholders. what are the benefits of using dashboards to tell stories about your data? select all that apply. a 240 g air-track glider is attached to a spring. the glider is pushed in 9.4 cm against the spring, then released. a student with a stopwatch finds that 8 oscillations take 19.0 s . Find all solutions of the equation in the interval [0, 21). 4 cos 0 = - sine +4 Write your answer in radians in terms of it. If there is more than one solution, separate them with commas. Which of the following observations is NOT true about gestures and how they relate to language production?A. Gestures add supplemental information to the words that we speak.B. People gesture when having conversations in person, but not when talking on the phone.C. People gesture less when having a conversation with someone who isn't paying attention.D. People solve problems more quickly when they gesture. Find the cosine of ZU.10SSimplify your answer and write it as a proper fraction, improper fraction, or whole nucos (U) -M l Zainab, is the Customer Service Manager at WestComm Corporation. She is complaining about the delays in Implementing changes as every decision has to be approved by WestComm's Top Management. Specify WestComm's type of distribution of power. [Explanation is not required] Use the editor to format your answer The light rays from an upright object when passing through a lens from left to right lead to a virtual image. The absolute value of the magnification of this image is greater than one.Select the correct statement.1. The lens can either be a convergent or a divergent lens.2. The lens can only be a divergent lens.3. The lens can only be a convergent lens. Match the biome type with its description (not all choices will be used). (must have all correct to receive credit) Styles Pano Tropical rainforest Choose1 V Savannas experience seasonal rainfall Temperate grasslands Choose Temperate deciduous forests Choose Boreal forests [Choose Chaparral Consider the following transformations of the function k(x) = log2 (x) a) Shift it to the right 5 units. Denote the function that results from this transformation by k1. b) Shift k1 down 2 units. Denote the function that results from this transformation by K2. c) Reflect K2 about the x-axis. Denote the function that results from this transformation by k3. d) Reflect k3 about the y-axis. Denote the function that results from this transformation by k4. d) Use Maple to Plot k4 2. Between 12:00pm and 1:00pm, cars arrive at Citibank's drive-thru at the rate of 6 cars per hour. (0.1 car per minute). The following formula from statistics can be used to determine the probability that a car will arrive within t minutes of 12:00pm F(t)= 1-e01 Use Maple command fsolve to solve for t. a) Determine how many minutes are needed for the probability to reach 50%. b) Determine how many minutes are needed for the probability to reach 80%. c) Is it possible for the probability to equal 100%? Explain. 3. Roger places one thousand dollars in a bank account that pays 5.6 % compounded continuously. After one year, will he have enough money to buy a computer system that costs $1060? If another bank will pay Roger 5.9% compounded monthly, is this a better deal? Let Alt) represent the balance in the account after t years. Find Alt). examine the development of the music industry through the 1940s. do records, radio, and music publishing work in conjunction or separately in creating profit? Counting in a base-4 place value system looks like this: 14, 24. 36. 10., 11., 12., 13., 20, 21, 22, 234, 304, 314, ... Demonstrate what counting in a base-7 system looks like by writing the first