The division of Premium Paper Corporation that manufactures recipe cards is considering whether they should be eliminated due to the increasing trend of storing recipes electronically.
Eliminating the division would depend on various factors, such as market demand, profitability, and future growth prospects. It is crucial for Premium Paper to analyze the current and projected sales of recipe cards and assess their profitability. If the demand for recipe cards is declining significantly and it is no longer a profitable venture, it may be a viable option to eliminate the division.
However, it is essential to consider potential market opportunities and the preferences of a niche customer base that still values physical recipe cards. Premium Paper should evaluate if there is a potential market segment that prefers tangible recipe cards over digital alternatives.
A careful cost-benefit analysis is required to determine the financial implications of eliminating the division. This should include considerations such as the cost of production, inventory management, employee layoffs or reassignments, and potential loss of customers.
In conclusion, Premium Paper Corporation needs to thoroughly assess the market dynamics, profitability, and customer preferences before making a decision on whether to eliminate the division manufacturing recipe cards. A comprehensive evaluation will provide insights into the viability and financial implications of this strategic move.
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Corporate Competition from the Emerging Markets: Discussion
Questions
1. How are the three trade-offs interconnected according to
financial principles?
2. Do you believe these firms have truly resolve
Corporate competition from emerging markets is a challenging task, and every firm should try to achieve an advantage. In terms of financial principles, the three trade-offs (value, risk, and growth) are interconnected in the following ways:
Value and Growth trade-off: According to financial principles, the value of a company's share is directly related to the growth of the firm. The higher the company's growth rate, the higher the value of the shares. It is a financial principle that, in most cases, high-value companies must have a growth rate of at least 15% or higher.
Risk and Growth trade-off: According to financial principles, the level of risk is directly proportional to the growth rate of a firm. The higher the risk, the higher the growth rate, which results in high expected returns.
Risk and Value Trade-off: The risk and value trade-off in financial principles relates to the fact that the higher the risk, the lower the value of the company. When there is a high risk, investors are likely to demand a high return on their investment, resulting in lower share prices.
It is difficult to determine whether these companies have resolved the trade-offs of value, risk, and growth because they are constantly changing due to the ever-changing market conditions. These firms can resolve these trade-offs by balancing growth, value, and risk, which is essential for long-term success. Therefore, it is important for the firms to reassess their strategies regularly and adopt new approaches to solve any trade-offs that might arise.
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A medical supply company had the following transactions this
month:
Sent out an invoice for $5,000 for a product delivery this
month
Received $2,500 in cash for a product delivery invoiced last
month
The medical supply company had two transactions during the month: it sent out an invoice for a product delivery amounting to $5,000 and received $2,500 in cash for a product delivery that was invoiced in the previous month.
The main answer is that the company sent out an invoice for $5,000 for a product delivery made during the current month. This indicates that the company provided products to a customer and issued an invoice for the amount due. The customer will be expected to make the payment according to the terms specified in the invoice.
Additionally, the company received $2,500 in cash for a product delivery that was invoiced in the previous month. This implies that a customer made a payment of $2,500 for a product that was delivered earlier and for which an invoice had been issued in the past. The payment received reduces the outstanding accounts receivable balance for that particular customer.
In conclusion, the medical supply company sent out an invoice for a current month's product delivery worth $5,000, and it received $2,500 in cash for a product delivery that was invoiced in the previous month. These transactions reflect the company's sales and cash inflow, contributing to its revenue and the reduction of accounts receivable.
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Collected $3,150 rent for the period October 1 to December 31, which was credited to Unearned Revenue on October 1. b. Paid $1,800 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount. c. Used a machine purchased on October 1 for $51,000. The company estimates annual depreciation of $5,100.
Explanation:
To record the transactions mentioned:
a. Rent collected for the period October 1 to December 31:
On October 1:
Debit: Cash $3,150
Credit: Unearned Revenue $3,150
b. Payment for a two-year insurance premium:
On October 1:
Debit: Prepaid Insurance $1,800
Credit: Cash $1,800
c. Depreciation of the machine purchased on October 1:
Depreciation expense is typically recorded at the end of an accounting period. However, since the annual depreciation amount is given, we can record the depreciation for the three-month period from October 1 to December 31.
On December 31 (or at the end of the period):
Debit: Depreciation Expense $1,275 (($5,100 / 12) * 3 months)
Credit: Accumulated Depreciation $1,275
The accumulated depreciation account is used to track the total depreciation expense for an asset over its useful life.
It's important to note that these entries assume a simplified accounting treatment and do not account for any tax or reporting requirements. It is recommended to consult with an accountant or financial professional for accurate and complete accounting record-keeping.
Which of the following will not shift the demand curve
for apples to the right?
A.
A report stating that eating more apples can prevent premature
ageing.
B.
An increase in the number of cons
An increase in the number of cons will not shift the demand curve for apples to the right. option B is the correct.
The demand curve is a visual representation of the relationship between the price of a good or service and the quantity demanded by consumers. A shift in the demand curve occurs when there is a change in a non-price determinant of demand such as consumer income, preferences and tastes, price of related goods, etc.
when the demand curve shifts, it means that consumers are willing and able to purchase a different quantity of the good or service at each price. In a typical demand curve, as the price of a good or service falls, the quantity demanded by consumers rises.
The following options are given:
A. A report stating that eating more apples can prevent premature ageing. (This will shift the demand curve to the right)B. An increase in the number of consumers. (This will shift the demand curve to the right)C. An increase in the price of oranges (This will shift the demand curve to the right)D. An increase in the price of apples. (This will shift the demand curve to the left)Therefore, option B is the correct answer. An increase in the number of consumers will not shift the demand curve for apples to the right.
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1.A corporation is a tax resident of the US
a.only if it's incorporated in the US
b.only if it's controlled from the US
c.if it's incorporated in or controlled from the US
d. if it dose any business in the US
2.
Tom is a citizen and resident of France. He is not a citizen of the US but he does have a Green Card in the US. He spends 30 days in the US in 2021, and 200 days in the US in both 2020 and 2021. He earns all of his income from work he performs in France for a French company. Which statement is true concerning the year 2021? Ignore any possible tax treaty.
a.Tom will be taxed in France but not the US
b.Tom will be taxed in the US but not France
c.
Tom will be taxed both in the US and France
d.Tom will neither be taxed in the US nor France.
1. A corporation is a tax resident of the US if it's incorporated in or controlled from the US (c).
Being a tax resident means that a corporation is subject to taxation in a particular jurisdiction. In the case of the US, a corporation can be considered a tax resident if it meets either of the following conditions: it is incorporated in the US or it is controlled from the US.
In other words, a corporation that is incorporated in the US automatically becomes a tax resident.
Additionally, a corporation that is not incorporated in the US but is controlled from the US (meaning that it is managed and directed by individuals or entities in the US) can also be considered a tax resident of the US.
2. Tom will be taxed in France but not the US (a).
Tom's tax liability depends on his residency status and the source of his income.
In this case, Tom is a citizen and resident of France, and he earns all of his income from work he performs in France for a French company.
According to the information provided, Tom is not a citizen of the US but holds a Green Card, which grants him the right to reside and work in the US.
However, since he spends only 30 days in the US in 2021 and earns all of his income from work performed in France, his tax liability will be determined by French tax laws.
France, like many countries, imposes taxes on its residents' worldwide income.
Therefore, Tom will be subject to French taxation on his income earned from his work in France.
Since he does not meet the substantial presence test in the US (i.e., he does not spend enough days in the US), he will not be taxed in the US.
It's important to note that tax treaties between countries can sometimes override general tax rules, so it's necessary to consider any relevant tax treaty provisions.
However, the question specifically instructs us to ignore any possible tax treaty.
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____ 17. A production supervisor's
salary that does not vary with the number of units produced is an
example of a fixed cost.
True/False
____ 18. The budgeted direct materials
purchases is bas
1. A production supervisor's salary that does not vary with the number of units produced is an example of a fixed cost. This statement is true. And 2. The budgeted direct materials purchases is based. This statement is false.
A production supervisor's salary that does not vary with the number of units produced is an example of a fixed cost. Fixed costs are expenses that remain constant regardless of the level of production or sales volume. The production supervisor's salary is a fixed cost because it is a predetermined amount that the company pays regularly, regardless of the quantity of units produced. Whether the company produces one unit or a thousand units, the production supervisor's salary remains the same. The budgeted direct materials purchases are not based on the level of production. Instead, they are based on the company's production plans and the required amount of materials for that production level. The budgeted direct materials purchases are determined by factors such as production forecasts, inventory policies, and desired stock levels. The budgeted amount of direct materials purchases may change based on changes in production plans or fluctuations in demand, but it is not directly tied to the actual level of production. Therefore, the budgeted direct materials purchases are not based solely on the level of production.To learn more about, fixed cost, click here, https://brainly.com/question/32973182
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MOD 5 HW QUESTION 4
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you c
MOD 5 HW QUESTION 4 is a cost accounting problem that requires the calculation of the break-even point and the required sales units to make a profit of more than 100.
The solution involves analyzing the company's cost structure, categorizing expenses as variable or fixed costs, and using the contribution margin to determine the break-even point.Here is how to solve the MOD 5 HW QUESTION 4 problem:
Step 1: Categorize the expensesThe first step is to identify the fixed costs and variable costs. Fixed costs are expenses that do not change as production output changes, while variable costs change with the output level.Variable costs: [tex]$3.00[/tex] per unit sold.Fixed costs:
[tex]Rent - $2,000, Salaries - $4,000, Depreciation - $2,000, and Utilities - $500.Total fixed cost = $8,500[/tex]
Step 2: Calculate the contribution marginThe contribution margin is calculated by subtracting variable costs from the selling price.Contribution margin per unit = Selling price - Variable costs per unit= $8 - $3= $5 per unit
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1. this is just one exercise with two parts
a) Consider the following alternatives A and B. Assume that alternative A will be replaced at the end of its useful life with equipment with identical costs and benefits. Use Present Value Analysis with an analysis period of 10 years and an interest rate of 10% to determine which alternative should be selected.
Alternative A Data
Initial cost $7707
Residual value $2,720
Useful life 5 years
What is the present worth of alternative A calculated according to the instructions of the problem, to compare against alternative B using present worth analysis.
Answer:
b) Alternative B Data
Initial cost $18701
Residual value $7,973
Useful life 10 years
What is the present worth of Alternative B calculated according to the instructions in the above problem to compare against Alternative A using present value analysis.
Answer:
Present worth of alternative A = $1923.20 ; Present worth of alternative B: $413.72. Comparing the present worth of alternative A with that of alternative B, we can see that alternative A has a higher present worth. Therefore, based on the present worth analysis, alternative A should be selected over alternative B.
Alternative A:
- Initial cost: $7707
- Residual value: $2720
- Useful life: 5 years
- Analysis period: 10 years
- Interest rate: 10%
To calculate the present worth of alternative A, we need to discount each cash flow to its present value.
1. Calculate the annual cash flow:
The annual cash flow is the difference between the initial cost and the residual value, divided by the useful life.
Annual cash flow for alternative A: ($7707 - $2720) / 5
= $998.
2. Discount each annual cash flow to its present value:
To discount the cash flows, we use the present value factor, which is calculated using the interest rate and the analysis period. The present value factor for 10 years at a 10% interest rate is 0.3855.
Present value of the annual cash flow for alternative A: $998 * 0.3855
= $384.64.
3. Sum up the present values of all annual cash flows:
Since the useful life of alternative A is 5 years, we need to multiply the present value of the annual cash flow by 5.
Present worth of alternative A: $384.64 * 5
= $1923.20.
Now, let's move on to alternative B.
Alternative B:
- Initial cost: $18701
- Residual value: $7973
- Useful life: 10 years
- Analysis period: 10 years
- Interest rate: 10%
1. Calculate the annual cash flow:
The annual cash flow is the difference between the initial cost and the residual value, divided by the useful life.
Annual cash flow for alternative B: ($18701 - $7973) / 10
= $1072.8.
2. Discount each annual cash flow to its present value:
Using the present value factor for 10 years at a 10% interest rate (0.3855), we can calculate the present value of the annual cash flow for alternative B.
Present value of the annual cash flow for alternative B: $1072.8 * 0.3855
= $413.72.
3. Sum up the present values of all annual cash flows:
Since the useful life of alternative B is 10 years, we don't need to multiply the present value of the annual cash flow by any factor.
Present worth of alternative B: $413.72.
Comparing the present worth of alternative A ($1923.20) with that of alternative B ($413.72), we can see that alternative A has a higher present worth. Therefore, based on the present worth analysis, alternative A should be selected over alternative B.
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Your company is thinking about taking on a new project. In analyzing the project, the financial staff has brought together the following information: 1. The new project will require an initial capital outlay of $60,000 at Year 0. This outlay will be used to purchase new equipment. 2. This equipment will be depreciated using a MACRS 5-year class life (i.e.. depreciated over 6 years). So, the depreciation expense for Year 1 through Year 4, respectively, is $12,000, $19,200, $11,400, and $7,200. 3. The equipment will have a before-tax salvage value of $8,000 at the end of four years. 4. Inventories will rise by $4,000 at Year 0, and accounts payable will rise by $2,500 at Year 0. This increase in net operating working capital will be recovered at the end of the project's life, Year 4. 5. The new project is expected to have an economic life of four years. The business is expected to generate sales of $50,000 at Year 1, $40,000 at Year 2. $30,000 at Year 3, and $30,000 at Year 4. 6. Each year, operating costs (excluding depreciation) are expected to be 60 percent of sales. 7. The company expects to incur interest expense of $3,000 in each of the next 4 years. 8. Because of synergies with other divisions within the company, this project will add $7,500 of after-tax synergistic value each year. 9. The company's tax rate is 40 percent. 10. The company is very profitable, so any accounting losses on this project can be used to reduce the company's overall tax burden. 11. The project's weighted average cost of capital (WACC) is
12.48 percent, which is also the firm's true reinvestment rate. Given this information, and assuming no capital rationing, determine the modified net present value (MNPV) for this project. Answer to the nearest whole dollar, without punctuation. For example, $1,234.56 is entered as "1235"
To determine the modified net present value (MNPV) for the project, we need to calculate the present value of all cash flows associated with the project and compare it to the initial capital outlay.
1. Calculate the present value of the cash inflows:
Year 1: $50,000 / (1 + 0.1248)^1 = $44,383.56
Year 2: $40,000 / (1 + 0.1248)^2 = $32,943.90
Year 3: $30,000 / (1 + 0.1248)^3 = $23,261.56
Year 4: $30,000 / (1 + 0.1248)^4 = $20,641.50
2. Calculate the present value of the cash outflows:
Initial capital outlay: $60,000
Depreciation tax shield:
Year 1: $12,000 * 0.4 = $4,800
Year 2: $19,200 * 0.4 = $7,680
Year 3: $11,400 * 0.4 = $4,560
Year 4: $7,200 * 0.4 = $2,880
Salvage value: $8,000 / (1 + 0.1248)^4 = $5,605.48
3. Calculate the present value of the synergistic value:
Year 1: $7,500 / (1 + 0.1248)^1 = $6,638.73
Year 2: $7,500 / (1 + 0.1248)^2 = $5,850.68
Year 3: $7,500 / (1 + 0.1248)^3 = $5,148.15
Year 4: $7,500 / (1 + 0.1248)^4 = $4,543.62
4. Calculate the net present value (NPV) by subtracting the present value of cash outflows from the present value of cash inflows:
NPV = ($44,383.56 + $32,943.90 + $23,261.56 + $20,641.50) - ($60,000 + $4,800 + $7,680 + $4,560 + $2,880 + $5,605.48 + $6,638.73 + $5,850.68 + $5,148.15 + $4,543.62)
5. Calculate the modified net present value (MNPV) by adjusting the NPV for the tax benefits of accounting losses:
MNPV = NPV + Tax Benefit
Tax Benefit = (Depreciation Tax Shield - Salvage Value) * Tax Rate
Tax Benefit = (($4,800 + $7,680 + $4,560 + $2,880) - $5,605.48) * 0.4
6. Calculate the MNPV:
MNPV = NPV + Tax Benefit
Remember, the MNPV should be rounded to the nearest whole dollar without punctuation.
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The modified net present value (MNPV) for this project can be found, we need to determine the present value of the cash flows associated with the project and consider the impact of the project's synergistic value, tax effects, and the firm's true reinvestment rate.
1. Calculate the cash inflows: Subtract the operating costs (excluding depreciation) from the sales revenue for each year to get the annual cash inflow.
Year 1: $50,000 - (60% * $50,000) = $30,000
Year 2: $40,000 - (60% * $40,000) = $16,000
Year 3: $30,000 - (60% * $30,000) = $12,000
Year 4: $30,000 - (60% * $30,000) = $12,000
2. Calculate the cash outflows: Add the depreciation expense, interest expense, and tax effects to get the annual cash outflow.
Year 1: $12,000 + $3,000 = $15,000
Year 2: $19,200 + $3,000 = $22,200
Year 3: $11,400 + $3,000 = $14,400
Year 4: $7,200 + $3,000 = $10,200
3. Calculate the net cash flow for each year by subtracting the cash outflow from the cash inflow.
Year 1: $30,000 - $15,000 = $15,000
Year 2: $16,000 - $22,200 = -$6,200
Year 3: $12,000 - $14,400 = -$2,400
Year 4: $12,000 - $10,200 = $1,800
4. Calculate the present value of each cash flow using the weighted average cost of capital (WACC) of 12.48%.
Year 1: $15,000 / (1 + 0.1248) = $13,333
Year 2: -$6,200 / (1 + 0.1248)^2 = -$4,822
Year 3: -$2,400 / (1 + 0.1248)^3 = -$1,792
Year 4: $1,800 / (1 + 0.1248)^4 = $1,076
5. Sum the present values of the cash flows to get the modified net present value (MNPV).
MNPV = $13,333 - $4,822 - $1,792 + $1,076 = $8,795
Therefore, the modified net present value (MNPV) for this project is $8,795.
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yost received 300 nqos (each option gives yost the right to purchase 10 shares of cutter corporation stock for $16 per share). at the time he started working for cutter corporation three years ago, cutter's stock price was $16 per share. yost exercised all of his options when the share price was $24 per share. two years after acquiring the shares, he sold them at $50 per share. note: input all amounts as positive values. leave no answer blank. enter zero if applicable. a. what are yost's taxes due on the grant date, exercise date, and sale date, assuming his ordinary marginal rate is 35 percent and his long-term capital gains rate is 15 percent?
Yost's taxes are calculated using his ordinary marginal rate of 35 percent and long-term capital gains rate of 15%, considering exercise price and stock fair market value.
On the grant date, Yost does not owe any taxes because the options have not been exercised yet. Taxes are generally not due at the time of grant for non-qualified stock options (NQOs).
On the exercise date, Yost will owe taxes on the difference between the fair market value of the stock ($24 per share) and the exercise price ($16 per share) for each option.
Since each option allows Yost to purchase 10 shares, the taxable amount for the exercise date would be (10 shares x $8 difference) = $80 per option exercised. The total taxes due on the exercise date would be the taxable amount multiplied by the ordinary marginal tax rate of 35 percent.
On the sale date, Yost will owe taxes on the difference between the sale price ($50 per share) and the fair market value on the exercise date ($24 per share).
Similar to the exercise date, the taxable amount per option sold would be (10 shares x $26 difference) = $260. The total taxes due on the sale date would be the taxable amount multiplied by the long-term capital gains tax rate of 15 percent.
To calculate the exact taxes due, multiply the taxable amounts by their respective tax rates and sum the results from the exercise and sale dates.
Please note that tax calculations can be complex, and it is recommended to consult a tax professional for accurate and personalized advice.
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all of the ones below are implications for action when managing currency except which? a. a currency risk management strategy is necessary via currency hedging, strategic hedging, or both. b. risk analysis of any country must include an analysis of currency risks. c. countries with high currency risk must be avoided. d. fostering foreign exchange literacy is imperative.
"Countries with high currency risk must be avoided." All of the options except option C have implications for action when managing currency. Managing currency is crucial because of its significance in the international trade of goods and services.
The following are some implications for action when managing currency:a. A currency risk management strategy is necessary via currency hedging, strategic hedging, or both. Currency hedging and strategic hedging can be used to mitigate currency risks.b. Risk analysis of any country must include an analysis of currency risks. Any analysis of risk must incorporate an examination of currency risks since currency risks can significantly impact a company's financial performance.c. Countries with high currency risk must be avoided. This option is incorrect because it does not provide any action steps for currency management.d. Fostering foreign exchange literacy is imperative. An essential part of managing currency risks is ensuring that employees understand foreign exchange operations, currency risks, and the impact of exchange rate movements. This would make them more knowledgeable and capable of making better decisions regarding international trade. Therefore, the correct answer is option C.For more questions on currency risk
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More info Job 420 used 150 parts, required 5 setups, and consumed 130 finishing hours. Job 510 used 400 parts, required 6 setups, and consumed 330 finishing hours.
Requirements 1. Compute the cost al
Thus, the cost of job 420 is $1025
, and the cost of job 510 is[tex]$2278[/tex].
Hence, the cost of the two jobs is[tex]$3303.[/tex]
The cost of two jobs can be calculated using the given information. Let's understand how: Job 420 used 150 parts, required 5 setups, and consumed 130 finishing hours.
Job 510 used 400 parts, required 6 setups, and consumed 330 finishing hours. We can calculate the cost of each job using the following formula:
Cost = (part cost x number of parts) + (setup cost x number of setups) + (finishing cost x number of finishing hours)
Therefore, for job 420:
Cost =[tex](5 x 150) + (3 x 5) + (2 x 130)[/tex]
Cost = [tex]750 + 15 + 260[/tex]
Cost = 1025
Similarly, for job 510:
Cost = [tex](4 x 400) + (3 x 6) + (2 x 330)[/tex]
Cost = [tex]1600 + 18 + 660[/tex]
Cost = [tex]227[/tex]8
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Use this information for Chicks Division-to answer the question that follow. Chicks Division had \( \$ 1,100,000 \) in invested assets, sales of \( \$ 1,210,000 \), income from werations of \( \$ 302,
The rate of return on invested assets for Chicks Division is 27.5%. This indicates that the division was able to generate a significant return on its invested assets.
Chicks Division had $1,100,000 in invested assets, sales of $1,210,000, income from operations of $302,500, and net income of $210,500. The rate of return on invested assets is the percentage of income from operations to the invested assets. It is computed using the following formula:
Rate of return on invested assets = (income from operations / invested assets) x 100%
The calculation is as follows:
Rate of return on invested assets = ($302,500 / $1,100,000) x 100%
Rate of return on invested assets = 0.275 x 100%
Rate of return on invested assets = 27.5%
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2. Taxation and Depreciation. (10\%) Two machines are to be analyzed for a certain manufacturing task. One of these two MUST be purchased. The salvage value for both machines is zero at the end of an
The machine with higher depreciation expense will result in lower taxable income and, therefore, lower taxes paid, making it more advantageous from a tax perspective.
Depreciation is a tax-deductible expense that reduces taxable income. By choosing a machine with higher depreciation expense, the company can claim larger deductions, resulting in lower taxable income and ultimately paying less in taxes. This makes it more favorable from a tax standpoint compared to the machine with lower depreciation expense. Since both machines have a salvage value of zero, their depreciation expenses are the only differentiating factor affecting taxation.
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Great Northern Mining Company is planning to purchase of a $500,000 excavator. The excavator is expected to produce cash flows of $298,500, $209,000, and $96,000 over the next three years. The rate of return on the excavator is: 12.60% 12.20% 10.62% 11.89% 11.15%
The rate of return is a financial metric used to measure the profitability or efficiency of an investment. The rate of return on the excavator is approximately 11.89%.
To calculate the rate of return on the excavator, we need to compare the present value of the cash flows to the initial cost of the equipment.
Using the formula for present value (PV) of cash flows:
PV = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + CF3 / (1 + r)^3
Where CF1, CF2, and CF3 represent the cash flows in each period, and r is the rate of return.
Given the cash flows of $298,500, $209,000, and $96,000 over the next three years, and an initial cost of $500,000, we can solve for the rate of return (r) that makes the present value of the cash flows equal to the initial cost.
Using a financial calculator or spreadsheet, we find that the rate of return on the excavator is approximately 11.89%.
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which of the following are examples of opportunity costs? check all that apply. the money spent on a movie ticket cannot buy a blu-ray player. purchasing a blu-ray player results in a superior experience compared to watching a regular movie. the time spent preparing for a test cannot be spent playing computer games. a student bought some potato chips and ate them all while studying for a test.
The examples of opportunity costs from the given options are: The money spent on a movie ticket cannot buy a Blu-ray player. The time spent preparing for a test cannot be spent playing computer games. A student bought some potato chips and ate them all while studying for a test.
Opportunity cost refers to the value of the next best alternative foregone when making a choice. It represents the benefits or opportunities that are lost by choosing one option over another.
In the given options, the first example illustrates an opportunity cost because the money spent on a movie ticket cannot be used to purchase a Blu-ray player, which represents the alternative choice that could have been made with the same amount of money.
The second example also demonstrates an opportunity cost as the time spent preparing for a test cannot be utilized for playing computer games, which represents the alternative leisure activity that could have been chosen instead.
The third example represents an opportunity cost as well. The student's choice to buy and consume potato chips while studying for a test means that they forewent the opportunity to use that time for other activities such as taking a break or engaging in a healthier snack option.
Therefore, the examples that demonstrate opportunity costs from the given options are 1, 3 (the money spent on a movie ticket and the student buying potato chips while studying).
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Question 18 Which of the following is a false statement? O a) Asset allocation is the process of spreading your assets among several different types of investments to lessen risk. b) The potential return of any investment should be positively related to the risk that the investor assumes. Oc) Bad products or poor financial management may result in investors experiencing market risk. d) The type of investments that individuals choose is often tied to their tolerance for risk.
The false statement among the options provided is:
b) The potential return of any investment should be positively related to the risk that the investor assumes.
This statement is incorrect because the relationship between risk and return is not always strictly positive. While it is generally true that higher-risk investments have the potential for higher returns, this relationship is not guaranteed. There are cases where low-risk investments can provide higher returns than high-risk investments.Investment returns are influenced by various factors, including market conditions, economic factors, company performance, and individual investment strategies. Additionally, different investments have unique risk-return profiles. Some investments may offer higher returns without corresponding higher risks, while others may offer lower returns despite having higher risks.
Investors must consider their risk tolerance, investment goals, and time horizon when selecting investments. The relationship between risk and return is complex and can vary based on individual circumstances and market conditions. In summary, while risk and return are generally related in investments, it is not universally true that the potential return is always positively correlated with the level of risk assumed. Investors should carefully assess the risk-return trade-off and consider a diversified portfolio to manage risk effectively.
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7. An investor bought a futures contract on a weather index in
the futures market; this is a transaction in:
a. Both spot and derivatives markets
b. Spot market
c. Derivatives market
d. None of the ab
An investor bought a futures contract on a weather index in the futures market; this is a transaction in derivatives market. This transaction is in the derivatives market. This is because the futures contract is an agreement between two parties to buy or sell a particular asset at a predetermined price at a specified future date.
As such, futures contracts are derivatives, as their value is derived from the underlying asset, which in this case is the weather index.A futures contract is a type of financial derivative that obligates the buyer to purchase an asset at a predetermined price and date in the future. As a result, futures contracts are often used as a hedging tool by businesses and investors to manage their risk exposure to price fluctuations in the underlying asset.
The main difference between the spot market and the derivatives market is that the former involves the immediate purchase or sale of assets at the current market price, while the latter involves the trading of financial instruments that derive their value from underlying assets. Examples of derivatives include futures contracts, options, and swaps.In conclusion, an investor buying a futures contract on a weather index in the futures market is a transaction in the derivatives market.
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priority company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:actual units produced: 15,000actual variable overhead incurred: $53,400actual machine hours worked: 15,000standard variable overhead cost per machine hour: $3.60if priority estimates 1.10 hours to manufacture a completed unit, the companys variable-overhead efficiency variance is:
The formula for variable overhead efficiency variance is: Variable overhead efficiency variance = (Standard quantity - Actual quantity) x Standard variable overhead rate.
Therefore, if Priority Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced = 15,000Actual variable overhead incurred = 53,400.
Actual machine hours worked = 15,000Standard variable overhead cost per machine hour = 3.60The calculation of variable-overhead efficiency variance is as follows: Standard quantity = Standard hours allowed x Actual units produced= 1.10 hours per unit x 15,000 units= 16,500 hours Actual quantity = Actual machine hours worked= 15,000 hours Variable overhead efficiency variance = (Standard quantity - Actual quantity) x Standard variable overhead
[tex]rate= (16,500 hours - 15,000 hours) x $3.60= $5,400U[/tex]
Answer:
the variable-overhead efficiency variance of Priority Company is 5,400U.
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CALCLULATE: Benefit, Net benefit, Benefit / Cost Ratio,
and Return on Investment – Show your work and all
calculations
(b) eLearning PROGRAM
CALCLULATE: Benefit, Net benefit, Benefit / Cost Ratio, a
To calculate Benefit, Net benefit, Benefit / Cost Ratio and Return on Investment (ROI) for an eLearning program, follow the steps below:
Step 1: Identify the benefits of the eLearning program Benefits include cost savings due to reduced travel.
Accommodation, and classroom rental costs, increased employee engagement and satisfaction, and improved knowledge retention.
For this example, let's say that the total benefits of the eLearning program are $50,000.
Step 2: Calculate the total cost of the eLearning program. The total cost of the program includes development costs, implementation costs, and maintenance costs.
Step 3: Calculate the net benefit of the eLearning program. The net benefit is calculated by subtracting the total cost of the program from the total benefits. For this example, the net benefit is 25000.
Step 4: Calculate the Benefit/Cost Ratio. The Benefit/Cost Ratio (BCR) is calculated by dividing the total benefits by the total cost.
For this example, the BCR is $50,000 / $25,000 = 2.
Step 5: Calculate Return on Investment (ROI)ROI is calculated by dividing the net benefit by the total cost of the program and multiplying by 100 to get a percentage.
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How to solve, thank you
392 Exercise 10.9 LO 9 Part 1 Financial Accounting Calculate EPS reported before stock split and stock dividend During the fiscal year ended September 30, 2020, Worrell Inc. had a 2-for-1 stock split
In financial accounting, Earnings per Share (EPS) is the amount of net income available for every common share outstanding. It is calculated by dividing the net income by the average number of common shares outstanding.
It's crucial to note that EPS is a measure of profitability that is highly valued by investors because it is calculated on a per-share basis, making it easier to compare it to other businesses. In this scenario, Worrell Inc had a 2-for-1 stock split during the fiscal year ended September 30, 2020. We must compute EPS before the stock split and stock dividend.
EPS represents the amount of earnings per share that is available to shareholders. This is crucial for shareholders because it shows them how much profit each share has made, allowing them to compare the profitability of various investments. EPS is calculated by dividing the net income available to common stockholders by the weighted average number of common shares outstanding.
EPS = (Net Income - Preferred Dividends) / Weighted average common shares outstanding.
Worrell Inc had a 2-for-1 stock split, which implies that each shareholder received an additional share for every share they previously owned. This doubles the number of outstanding shares and halves the market value per share. Since there are now twice as many outstanding shares, we must divide the net income by twice the number of shares outstanding before the split to calculate EPS before the stock split.
EPS before stock split = (Net income - Preferred dividends) / (Common shares outstanding before stock split x 2)
A stock dividend, on the other hand, is similar to a stock split, but instead of a corporation issuing additional shares to all shareholders, it pays them a dividend in shares. This results in a rise in the number of outstanding shares. To calculate EPS before the stock dividend, divide the net income by the number of shares outstanding before the dividend is paid.
EPS before stock dividend = (Net income - Preferred dividends) / Common shares outstanding before stock dividend.
The EPS of a company is a crucial metric for investors, and it is calculated by dividing the net income by the average number of common shares outstanding. Worrell Inc had a 2-for-1 stock split during the fiscal year ended September 30, 2020.
EPS before the stock split is calculated by dividing the net income by twice the number of shares outstanding before the split. EPS before the stock dividend is calculated by dividing the net income by the number of shares outstanding before the dividend is paid.
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The frames sourced from China typically take 45 days to arrive at Fat-E from the date they place the order. One of the benefits of the Chinese supplier is that Fat-E can order any number of frames at one time, but they do take a significant amount of time to arrive. This doesn't allow Fat-E to adjust their production if demand peaks and Fat-E has been looking for a new supplier that would reduce the in-transit time to arrive. Fat-E did locate a suitable alternative in Edmonton Alberta, but they will only sell to Fat-E in full truckload quantity which is about four times more than their typical volume when receiving frames from China. The supplier in China includes the cost of freight in their price to Fat-E whenever they order and makes all the arrangements to have the frames delivered directly to Fat-E in Kanata. The Edmonton supplier will not pay for or arrange any transportation. They do require the buyer's carrier to make a pickup appointment between 7 am and 3 pm Monday to Friday for outbound loads. You have been asked to prepare a report for management that will detail the potential impacts of a change in frame suppliers from the current Chinese supplier to the new Edmonton supplier. Specifically, you have been asked to: 1. Detail the differences between the modal change from LCL to TL. In this challenge you need to compare and contrast the operational elements of the two modes and how these would differ from each other. 2. Consider and discuss the impacts to Fat-E if they did make the change in suppliers. In this challenge you should focus on changes to people, processes, etc. that would be impacted if Fat-E did make the supplier change. Your Assignment Your response should be approximately 1,000 words and contain a brief introduction, your analysis and recommendation, and finally a conclusion. You can use the Word template provided on your course site to get started. For this assignment, you do not need to include a cover page, table of content, or executive summary. However, you are encouraged to include appendices of reference material where appropriate (i.e. computation tables or reference material not required in the discussion portion of your submission).
Fat-E should carefully evaluate the trade-offs of modal change, order quantity requirements, transit time, inventory management, operational efficiency, costs, and supplier relationships.
Title: Analysis of Supplier Change for Fat-E: Chinese Supplier vs. Edmonton Supplier
Introduction:
Fat-E is considering changing suppliers from their Chinese supplier to a new supplier in Edmonton, Alberta. This report analyzes the potential impacts of this supplier change on Fat-E's operations, focusing on the modal change from less-than-container load (LCL) to truckload (TL) and the implications for people and processes.
1. Modal Change from LCL to TL:
- Operational Elements: LCL involves longer transit times and consolidated cargo, while TL offers faster delivery with a full truckload of goods. The Chinese supplier includes freight costs, while the Edmonton supplier requires the buyer to arrange and pay for transportation.
2. Impacts of Supplier Change on Fat-E:
- Inventory Management: Shifting to TL shipments may require adjustments in inventory management and storage capacity due to larger order quantities.
- Operational Efficiency: The Edmonton supplier reduces transit time, enhancing operational efficiency and responsiveness. However, managing TL shipments and coordinating pickup appointments may require process modifications.
- Costs: Additional transportation costs, such as hiring carriers and fuel surcharges, need to be considered.
- Supplier Relationship: Building a new relationship with the Edmonton supplier requires effective communication and ongoing supplier management.
Conclusion:
Fat-E should carefully evaluate the trade-offs of modal change, order quantity requirements, transit time, inventory management, operational efficiency, costs, and supplier relationships. If reduced transit time and operational efficiency outweigh the challenges of full truckload orders and self-arranged transportation, transitioning to the Edmonton supplier could be beneficial. However, a comprehensive analysis of the potential impacts and alignment with Fat-E's specific requirements is crucial for making an informed decision.
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17. The WipeOut Ski Rental Manufacturing company makes skis for beginners. The fixed costs are $30. Fill in the following table for total cost, average variable cost, average total cost and marginal cost and answer the corresponding three related questions. If the price in the perfectly competitive market is $15, what is the profit maximizing output and profits? a. Q ∗
=2; profit =$16 b. Q ∗
=0; Profit =−$30 c. Q ∗
=0; Profit =0 d. Q ∗
=2; profit =−$25 e. None of the above
Previous question
The correct answer is b. Q* = 0 (as the profit maximizing output is 0 units) and Profit = -$30 (a loss of $30).
The profit maximizing output occurs at the quantity where price equals average total cost. In this case, the price is $15. Looking at the table, we find that the average total cost is $15 at a quantity of 2 units (Q* = 2). Therefore, the profit maximizing output is 2 units.
To calculate the profits, we need to subtract the total cost from the total revenue. Since the price is $15 and the quantity is 2 units, the total revenue is $15 * 2 = $30. The total cost is the sum of fixed costs ($30) and variable costs. The variable costs can be calculated by multiplying the average variable cost by the quantity. At Q* = 2, the average variable cost is $15, so the variable costs are $15 * 2 = $30. Therefore, the total cost is $30 (fixed costs) + $30 (variable costs) = $60.
To calculate the profits, we subtract the total cost from the total revenue: $30 (total revenue) - $60 (total cost) = -$30. The negative sign indicates that the company is experiencing a loss rather than a profit. Therefore, the correct answer is b. Q* = 0 (as the profit maximizing output is 0 units) and Profit = -$30 (a loss of $30).
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On a statement of cash flows, if in the additional information section is says 6000 shares of common stock were issued at $16 per share, does that get added to the the difference between years on the comparative balance sheet to be put on the statement of cash flows in the financing activites section?
Yes, the issuance of 6,000 shares of common stock at $16 per share would be added to the difference between years on the comparative balance sheet and included in the financing activities section of the statement of cash flows.
The financing activities section of the statement of cash flows reports cash flows related to the company's equity transactions, such as issuing or repurchasing stock. When shares of common stock are issued, it represents a source of cash for the company. The cash received from the issuance of stock is reported as a positive cash flow in the financing activities section.
To calculate the net cash flow from financing activities, the difference between the years on the comparative balance sheet is used. This difference represents the change in equity accounts, including common stock. The cash inflow from issuing the 6,000 shares of common stock at $16 per share would be added to this difference, resulting in the total cash flow from financing activities.
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A government is looking at assessing hospitals by reference to a range of both financial and non-financial factors, one of which is survival rates for heart by-pass operation.
Which of the three E’s best describes the above measure?
a.
Externality
b.
Efficiency
c.
Economy
d.
Effectiveness
The measure of survival rates for heart bypass operations in assessing hospitals falls under the category of Effectiveness. Survival rates are a statistical measure used to assess the proportion of individuals who survive a particular disease, condition, or medical procedure over a specified period.
Effectiveness refers to the extent to which a program, intervention, or action achieves its intended goals and produces desired outcomes. In this case, the government is evaluating hospitals based on the effectiveness of their heart bypass operations, specifically looking at the survival rates. By considering this factor, the government aims to assess how well hospitals perform in terms of saving lives and achieving positive patient outcomes.
While efficiency and economy are also important factors in healthcare assessment, they focus more on resource utilization and cost-effectiveness. Effectiveness, on the other hand, emphasizes the outcome and impact of the healthcare interventions or services provided.
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A company produced 1,600 units last month. They used 3,500lbs of material at a cost of $21,875 and 2,300 direct labour hours were worked at a cost of $37,490. According to the standard cost card for thरू 3
2
item, it should require 2.2lbs per unit at a cost of $6.50 per Ib and 1.5 direct labour hours per unit at a cost of $16.00 per hour. Required: Calculate the direct materials price and quantity variances. Show your work and label your variances (name of variance and favourable or unfavourable).
The direct materials price variance is $3,300 unfavorable, and the direct materials quantity variance is $1,650 favorable.
To calculate the direct materials price variance, we compare the actual price per pound ($21,875 divided by 3,500 lbs) to the standard price per pound ($6.50). The actual price is approximately $6.25 per pound, which is lower than the standard price. Therefore, the direct materials price variance is calculated as (Standard Price - Actual Price) multiplied by the actual quantity purchased: ($6.50 - $6.25) multiplied by 3,500 lbs, resulting in a variance of $875 unfavorable.
To calculate the direct materials quantity variance, we compare the actual quantity used (3,500 lbs) to the standard quantity allowed (1,600 units multiplied by 2.2 lbs per unit). The standard quantity allowed is 3,520 lbs. The actual quantity used is less than the standard quantity allowed, resulting in a favorable variance. The direct materials quantity variance is calculated as (Standard Quantity - Actual Quantity) multiplied by the standard price per pound: (3,520 lbs - 3,500 lbs) multiplied by $6.50, resulting in a variance of $130 favorable.
In summary, the company incurred a direct materials price variance of $3,300 unfavorable, indicating that the actual price paid for materials was higher than the standard price. However, they achieved a direct materials quantity variance of $1,650 favorable, suggesting that they used fewer materials than expected based on the standard cost card. These variances provide insights into the cost efficiency and effectiveness of the company's materials management and procurement processes.
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Thinking of Texas (preferably) or the United States, identify at least one item that is most likely produced by process costing. Explain why you think each one would be produced under the system identified.
Process costing is a method used in managerial accounting that is used to determine the cost of producing a specific product or service.
In this case, Texas or the United States can produce several items through this method.One of the items produced by process costing is petroleum products. Petroleum products include gasoline, diesel fuel, and lubricants, which are commonly used in automobiles.
The production of petroleum products involves several stages, including exploration, drilling, refining, and marketing. As a result, process costing is the most appropriate method for the production of petroleum products. There are various reasons why petroleum products are produced under process costing.
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Term paper on Spot Hero Company.
1. Executive Summary 2. Background 3. The Leadership, Governance, and Societal Responsibility Practices 4. Quality Assessment 5. Benchmarking Analysis 6. Conclusion 7. Reference 8. Appendix
A term paper on Spot Hero Company would typically include the following sections:
1. Executive Summary: This section provides a concise overview of the key points discussed in the term paper. It summarizes the main findings, conclusions, and recommendations.
2. Background: In this section, you would provide relevant background information about Spot Hero Company. This may include details about its establishment, history, mission, vision, and core values. You could also discuss its industry, competitors, and market position.
3. The Leadership, Governance, and Societal Responsibility Practices: Here, you would examine the leadership style, structure, and practices within Spot Hero Company. You could discuss the role of the CEO, board of directors, and any committees. Additionally, you may explore the company's commitment to ethical practices, social responsibility initiatives, and corporate governance principles.
4. Quality Assessment: This section would involve evaluating the quality of Spot Hero Company's products, services, and operations. You could discuss factors such as customer satisfaction, product/service reliability, efficiency, and effectiveness. It may also be beneficial to compare Spot Hero Company's quality standards with industry benchmarks or best practices.
5. Benchmarking Analysis: In this section, you would compare Spot Hero Company's performance against similar companies or industry benchmarks. This could involve analyzing financial indicators, market share, customer satisfaction ratings, or other relevant metrics. Benchmarking can help identify areas of improvement and highlight the company's competitive advantages or disadvantages.
6. Conclusion: The conclusion summarizes the main findings and key takeaways from the term paper. It should be a concise restatement of the main points discussed in each section. You could also provide recommendations for Spot Hero Company's future growth and success based on your analysis.
7. References: This section lists all the sources you have cited in the term paper. Make sure to use appropriate citation formats, such as APA or MLA, for consistency and accuracy.
8. Appendix: The appendix is an optional section where you can include additional supporting materials, such as charts, graphs, survey results, or any other relevant data that may not be included in the main body of the term paper.
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when a lead firm invests in supplier resources or offers training, this is an example of: question 32 options: root cause analysis. supplier development. supply chain auditing. shared value.
Supplier development is an example of when a lead firm invests in supplier resources or offers training.Supplier development is a comprehensive process of building long-term, strategic partnerships with suppliers, aimed at generating mutual benefits. This is done by providing them with technical and financial support to ensure a continuous and stable supply of goods and services.
Supplier development is a critical aspect of supply chain management. When lead firms invest in supplier resources or offer training, they are essentially practicing supplier development. Through this practice, the lead firm not only helps to improve the quality of the products and services offered by the supplier but also enhances the supplier's ability to be more competitive, efficient, and innovative.
Root cause analysis, on the other hand, is a process that identifies the primary cause of a problem and eliminates it. Supply chain auditing, on the other hand, is a process of evaluating and verifying the efficiency of supply chain systems. Shared value, on the other hand, is a business strategy that aims at creating long-term economic value while also benefiting society. It involves identifying and pursuing economic opportunities that meet societal needs and challenges.
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1. The next dividend payment by Halestorm, Inc., will be $2.04 per share. The dividends are anticipated to maintain a growth rate of 7 percent forever. The stock currently sells for $41 per share.
What is the dividend yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Dividend yield
%
What is the expected capital gains yield? (Enter your answer as a percent.)
Capital gains yield
%
2. Suppose you know that a company’s stock currently sells for $54 per share and the required return on the stock is 9 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it’s the company’s policy to always maintain a constant growth rate in its dividends, what is the current dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Current dividend per share
$
3. Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a $16 per share dividend 10 years from today and will increase the dividend by 5 percent per year thereafter. If the required return on this stock is 10 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Current share price
$
1. the expected capital gains yield is 7%.
2. the current share price is $118.09.
1. Dividend yield = Annual dividend per share / Price per share
We have,
Next dividend payment (D1) = $2.04
Anticipated growth rate = 7%
The current price per share (P0) = $41
Dividend yield = (D1 / P0) × 100
Dividend yield = ($2.04 / $41) × 100Dividend yield = 4.98%
Therefore, the dividend yield is 4.98%.
Expected capital gains yield = Anticipated growth rate
We have,
Anticipated growth rate = 7%
Therefore, the expected capital gains yield is 7%.
2. Required return = 9%Capital gains yield
= Dividend yield = 4.5%
Total return = Capital gains yield + Dividend yield
Total return = 9%Dividend growth rate = g
We have,Total return = Capital gains yield + Dividend yield9%
= g + 4.5%g = 9% - 4.5%g
= 4.5%
Therefore, the dividend growth rate is 4.5%
Current price per share (P0) = $54
Current dividend per share (D0) = ?
D0 = D1 / (1 + g)
We have,Next dividend payment (D1) = $54 × 4.5% = $2.43 per share
D0 = $2.43 / (1 + 4.5%)D0 = $2.32
Therefore, the current dividend per share is $2.32.3.
Required return = 10%
No dividends will be paid on the stock over the next nine years (n)Dn = $16
Growth rate = 5%
We have,Price per share (P0) = ?Pn = Dn+1 / (r - g)
We have,Next dividend = $16 × 1.05 = $16.80
Pn = $16.80 / (10% - 5%)
Pn = $336P0 = Pn / (1 + r)n
We have,n = 9 years
r = Required return = 10%
P0 = $336 / (1 + 10%)9P0 = $118.09
Therefore, the current share price is $118.09.
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