1. ennis enterprises common stock is currently priced at $28.80 a share. the company paid $1.15 per share last month as their annual dividend. the dividends have been increasing by 3 percent annually and are expected to continue doing so. what is the cost of equity for neal enterprises? (show how you derived your answer.)

Answers

Answer 1

The cost of equity for Ennis Enterprises is 10.11%. The cost of equity for Ennis Enterprises can be calculated by using the dividend growth model.

The cost of equity for Ennis Enterprises can be calculated using the Dividend Discount Model (DDM). The DDM is a method used to estimate the cost of equity by taking the present value of future dividends. The formula for the DDM is:

Cost of Equity = (D1 / P0) + g

Where:

- D1 is the expected dividend per share for the next year

- P0 is the current price per share

- g is the expected growth rate of dividends

Given the information in the question, we can plug in the values into the formula:

D1 = $1.15 * 1.03 = $1.1845

P0 = $28.80

g = 3% = 0.03

Cost of Equity = ($1.1845 / $28.80) + 0.03 = 0.0711 + 0.03 = 0.1011 or 10.11%

Therefore, the cost of equity for Ennis Enterprises is 10.11%.

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Related Questions

the process of setting standards, receiving feedback on actual performance, and taking corrective action whenever actual performance deviates significantly from planned performance is known as

Answers

The process of setting standards, receiving feedback on actual performance, and taking corrective action whenever actual performance deviates significantly from planned performance is known as performance management.

This process involves the following steps:

1. Setting performance standards: Establish clear, measurable, and achievable objectives for individual employees, teams, or the organization as a whole.
2. Monitoring performance: Regularly track and evaluate employees' progress toward meeting the established standards.
3. Providing feedback: Communicate with employees about their performance, offering praise for achievements and discussing areas for improvement.
4. Taking corrective action: Implement changes, such as additional training or adjustments to goals, to address performance gaps and help employees reach their full potential.

The overall goal of performance management is to improve the effectiveness and efficiency of individuals, teams, and organizations.

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which represents an employee benefit?wage paid per hour of workhealth-insurance plan with company-paid premiumsschedule with weekends offgratuity given by customers or clients

Answers

three represent employee benefits: wage paid per hour of work, health-insurance plan with company-paid premiums, and a schedule with weekends off.

The wage paid per hour of work is a direct compensation provided to employees for their services. It reflects the monetary value assigned to their labor and is an essential component of their overall remuneration.

A health-insurance plan with company-paid premiums is an employee benefit that offers financial coverage for medical expenses. The company bears the cost of the premiums, allowing employees to access healthcare services without shouldering the full burden of insurance costs.

A schedule with weekends off is another employee benefit that promotes work-life balance. By providing designated days off, such as weekends, employers acknowledge the importance of personal time and provide employees with an opportunity to rest, spend time with family, and engage in leisure activities.

On the other hand, gratuity given by customers or clients is not typically considered an employee benefit. While it represents additional income for employees in certain industries, it is contingent upon customer generosity and may not be consistent or guaranteed.

Overall, employee benefits aim to enhance the overall compensation package, support employee well-being, and create a positive work environment.

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HELPPPP!!!! WILLL GIVE BRAINLEST!!!


It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement

Answers

Answer:

I'm pretty sure the answer is d

Explanation:

Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.

Answer:

D

Explanation:

Firms earning a loss will sometimes shut down in the short run. What quantity will the firm produce if it shuts down in the short run?.

Answers

The number of units that would be produced by the firm if it shut down is zero units.

When would a firm shut down?

A firm shuts down in the short run when average variable cost is greater than the price. When the firm shuts down, zero unit of output would be produced.

The short run is a period when at least one factor of production is fixed. When a firm shuts down, no revenue is earned by the firm incurs fixed cost.

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Insurance Plan Summary
Deductible
$5,000.00
Wellness Exams
No-deductible
100% covered
What is the monthly
payment an employee
with a family plan on
this health plan is
required to pay, even
if they do not visit a
doctor or hospital?
Premium (monthly)
Individual
$45.00
Individual+Spouse
$400.00
A. $5,000.00
B. $45.00
C. $400.00
D. $0

Answers

Review of ratings & the 80/20 Rule

Rate Review and the 80/20 rule are two tools provided by the health care law to hold insurance companies accountable and assist in limiting costs.

Review of Rate

You are better protected from arbitrary rate increases thanks to Rate Review. Any rate increase of 15% or more must now be disclosed publicly by insurance firms before your premium is increased. Plans that are grandfathered in are exempt from this.

To view the planned and actual rate increases for your insurance plan, look it up online.

80/20 Rule

According to the 80/20 Rule, insurance firms must spend at least 80% of the premium revenue they receive on healthcare expenses and quality-improvement initiatives. Costs for administration, overhead, and marketing can be covered by the remaining 20%.

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What organizational & technical failures led to the data breach
at Equifax? (Please put where you got your sources from, thank
you!)

Answers

The organizational and technical failures that led to the Equifax data breach in 2017 have been extensively discussed and investigated. Sources such as the U.S. House of Representatives Committee on Oversight and Government Reform Report highlight the key failures.

These include the company's failure to patch a known vulnerability in a timely manner, inadequate security practices such as weak passwords and lack of encryption, poor communication and response to the breach, insufficient monitoring and detection systems, and issues with executive leadership and governance.

These failures collectively allowed hackers to exploit vulnerabilities, gain unauthorized access to sensitive data, and compromised the personal information of millions of individuals.

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Last month, Central Virginia Power Company which had been having trouble with cost overruns on a nuclear power plant that it had been building, announced that it was "temporarily suspending payments due to the cash flow crunch associated with its investment program." The company's stock price dropped from $28.50 to $25 when this announcement was made. How would you interpret this change in the stock price (that is, what would you say caused it)?

Answers

The decrease in Central Virginia Power Company's stock price from $28.50 to $25 can be interpreted as a reaction to the announcement of suspending payments due to the cash flow crunch associated with its investment program. Investors and market participants likely perceived this news as negative and responded by selling off their shares, causing the stock price to decline.

Here are a few possible reasons for the stock price decrease:

Investor Confidence: The announcement of cost overruns and payment suspension may have eroded investor confidence in the company's ability to manage its financial obligations. Investors may have become concerned about the financial stability and profitability of the company, leading them to sell their shares.Uncertainty: The temporary suspension of payments indicates financial challenges for the company, introducing uncertainty regarding the future cash flow and profitability. Uncertainty often leads to increased selling pressure as investors seek more stable investment options.Market Reaction: The market, composed of various participants, including institutional investors and traders, reacts swiftly to news and announcements that affect a company's financial outlook. The negative news about cost overruns and cash flow issues may have triggered a bearish sentiment, prompting investors to sell their shares and causing the stock price to drop.Perception of Risk: Investors assess the risk associated with a company's financial health and prospects. The announcement of cash flow problems suggests increased financial risk, which can lead to a decline in the stock price as investors demand higher returns to compensate for the perceived risk.

Overall, the decrease in the stock price of Central Virginia Power Company can be attributed to the negative news of cost overruns and the temporary suspension of payments. Investors reacted to the perceived financial challenges and increased risk, resulting in selling pressure and the decline in stock price.

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We best learn from other people's struggles, successes, and stories.
True
O False

Answers

Answer:

true bhe

Explanation:

syempre natututo rin tayo sa mga pagkakamali ng iba dahil sa pagkatuto natin alam na natin yung gagawin natin para maiwasan ang pagkakamali nila.

Answer:

true

Explanation:

Levi has always wanted to be a lawyer, but the top career cluster for him, according to his personal assessment, is the Arts, A/V Technology, and Communications cluster. What would be a mistake for Levi after taking the personal assessment? giving up on being a lawyer researching the Arts, A/V Technology, and Communications career cluster talking about the test with a school counselor researching the Law career cluster

Answers

Answer:

A) Giving up on being a lawyer

Explanation:

Just because some test told Levi he was good at the Arts, A/V Technology and communications cluster. Doesn't mean it he has to give up on his goal.

Answer:

A. giving up on being a lawyer

Explanation:

Edge 2021

what is the purpose of creating a prototype?​

Answers

Answer:

Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.

Describe the job description of :

1. Managing director

2. Finance director

3. Operation and production director

4. Sales and marketing director

5. Creative director

At least 70 words for each role abo

Answers

1. Managing Director:

A managing director is responsible for overseeing the overall operations and performance of an organization. They set strategic goals, develop policies, and make important business decisions. They provide leadership to other directors and managers, ensuring effective coordination between different departments. Additionally, they represent the company to stakeholders, maintain relationships with clients, and manage the financial aspects of the organization. Their role involves strategic planning, resource allocation, and ensuring the company's long-term growth and profitability.

2. Finance Director:

A finance director is responsible for managing the financial activities of an organization. They oversee budgeting, financial planning, and forecasting to ensure the company's financial health. They analyze financial data, monitor cash flow, and make recommendations for cost reduction and revenue enhancement. They also coordinate financial audits, ensure compliance with regulatory requirements, and provide financial reports to management and stakeholders. The finance director plays a crucial role in financial decision-making, risk management, and optimizing the company's financial resources.

3. Operations and Production Director:

An operations and production director is responsible for managing the operational activities and production processes of a company. They develop and implement strategies to improve efficiency, productivity, and quality control. They oversee supply chain management, inventory control, and logistics to ensure timely delivery of products or services. They analyze operational data, identify areas for improvement, and implement process optimization initiatives. The operations and production director collaborates with other departments to streamline operations, manage resources effectively, and drive operational excellence.

4. Sales and Marketing Director:

A sales and marketing director is responsible for developing and implementing sales and marketing strategies to drive business growth. They analyze market trends, identify target markets, and develop marketing campaigns to promote products or services. They manage sales teams, set sales targets, and monitor sales performance. They also build and maintain relationships with key clients, negotiate contracts, and explore new business opportunities. The sales and marketing director plays a pivotal role in increasing market share, expanding the customer base, and maximizing revenue generation.

5. Creative Director:

A creative director is responsible for overseeing the creative aspects of a company's branding, advertising, and design. They provide creative direction and guidance to a team of designers, copywriters, and artists. They conceptualize and execute visual and written content that aligns with the company's brand identity and objectives. They collaborate with marketing and communication teams to develop compelling campaigns and ensure brand consistency. The creative director stays updated on industry trends, fosters innovation, and maintains the artistic integrity of the company's creative output.

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An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.

The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.

However, the partners do not have the capital needed for this expansion.

Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.

An and Bo are also considering changing the legal structure to a private limited company.

a. Identify two features of public sector organizations.

b. Identify two advantages and two disadvantages to An and Bo of being a partnership.

c. Explain two benefits to An and Bo of expanding their businesses.

d. Do you think the partners should become a private limited company? Justify your answer.

Answers

Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.

Give a brief account on partnership.

a. Two features of public sector organizations.

Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.

b. Two advantages of being in a partnership :

Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.

Two disadvantages of being in a partnership :

Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.

c. Two benefits to An and Bo of expanding their businesses :

capable of increasing sales and profitability.can access new markets or customers.

d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.

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Which characteristic gives the term preference shareholder its distinct name?


Preferred shareholder gets its name from its unique feature that shareholders of such shares are given first preference in terms of payment in case the business_____.

Answers

Answer: dividends

Explanation:

Dividends are not liability of the firm. The preferred dividends are differed. The dividends and preferred dividends must be paid to the individual stakeholders so that equal share share can reach out to the individual owner before the common shareholders can receive any monetary gain. Dividends are the taxes that are not included in the business expenses but it is included as corporate tax. The dividends by the shareholders are included with the tax.

Answer:

shuts down

Explanation:

On May 1, Doormart received an order from a customer. The goods were shipped FOB shipping point on May 3. The customer received the goods on May 5 and paid for the merchandise on June 1. When should Doormart record the sale

Answers

Based on the information given Doormart should record the sale on May 3.

Free on Board Shipping Point

Doormart should record the sales on the day in which the goods were shipped FOB shipping point.

Based on the information given the day in which the goods were shipped FOB shipping point was May 3.

Reason being that buyers tends to take the delivery of the goods, once  the goods has be shipped by the seller or once the goods has leave the seller shipping point.

Inconclusion  Doormart should record the sale on May 3.

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ForeTech is a sporting equipment manufacturer that produces two different types of goll bitas, the DriveMaster and the Greenllunter. The golf balls are manufactured in batches: each batch of the DriveMaster yields $10 profit, while each batch of the GreenHumter yields $6 profit. The golf balls are made using thee separate processes: making the core of the ball, adding the middle lavers, and coating with a synthetic resin. There is one machine for making the core and one for adding the middle layers; three machines are avaulable for the coating process. Each machine can be operated for 10 hours per day. Both types of golf balls require 3 mimutes per bateh to make the core. Adding the middle layers takes $7 minutes per batch for the DriveMister, but only 2 minutes per batch for the GreenHunter. The coating process takes 12 minutes per batch of DriveMaster and 9 minutes per batch of GreenHunter. Formulate a linesr programming model to determine the optimal number of batches of each type of golf ball that Forefech should produce, with the goal maximiaing orofit. Solve the LP using the graphical solution method.

Answers

The optimal number of batches of each type of golf ball that ForeTech should produce to maximize profit can be determined using linear programming.

What are the decision variables in this linear programming problem?

In this linear programming problem, the decision variables are the number of batches of DriveMaster and GreenHunter golf balls to be produced. Let's denote these variables as x and y, respectively.

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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Why does an enterprise need to listen to its customers

Answers

so they will get more customers
In order to keep the customers they currently have satisfied as well as gain new ones. The more customers they have, the more money they will make and that is the end goal.

"Imagine that your high school or college has been overrun with zombies. Your math professor, the cafeteria ladies, and even your best friend have all joined the walking dead. Flesh out a plan to avoid the zombies, including where you’d hide and the top-five things you’d bring to stay alive." (250 words or less)

Answers

Get out of the way when a zombie surges toward you by moving aside, grabbing them, and pushing them through. Utilize their own momentum to trip them, keep them moving past you, or otherwise cause them to fall.

Hand-to-hand fighting with a zombie should only be intended to get you away from them and should be extremely brief. The scientists calculated that it would take around 1,000 days, or 2.7 years, for humans to exterminate every zombie under these circumstances.

The human population would then need another 25 years to begin to recover from the onslaught. My backpack, any sharp things or lighters I could locate in the band room, any heavy sporting equipment I could discover, some pencils and pens, and teacher desks would all be taken.

I would probably look for a place where only one person could potentially be and murder them, like the principal's office or a counselor's office. I would seclude myself indoors and prepare whatever cafeteria food was available. There would be a microwave in the workplace.

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How much should you invest at 2.5% simple interest in order to
earn $100 interest in 15 months?v

Answers

The amount of 3200 should be invested at 2.5% interest.

Let's assume that x is the amount that should be invested at 2.5% simple interest in order to earn $100 interest in 15 months.

Formula for Simple Interest is: I = Prt  is the interest rate P is the principal or initial amount of the loan is the annual interest rate as a decimal is the time in years.

By substituting the given information into the formula:100 = x × 2.5% × 15/12Where 2.5% = 0.025 (convert percent to decimal) and 15/12 = 1.25 (convert months to years)Simplify the equation by multiplying both sides by 100/2.5%100/(0.025 × 1.25) = x100/0.03125 = x3200 = x

Thus, an amount of $3200 should be invested at 2.5% simple interest in order to earn $100 interest in 15 months.

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What is a lease in business?

Answers

A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the lessee, also known as the tenant, use of an asset and guarantees the lessor, the property owner or landlord, regular payments for a specified period in exchange.

As the economy grows and profits increase Chinese firms begins to build more factories

Answers

Chinese businesses will probably start constructing additional factories as the economy expands and revenues rise in order to enhance productivity and keep up with the rising demand for their goods.

As more personnel are required to run the new factories, this will improve employment possibilities. It will also spur economic growth because the building of new factories will raise demand for building materials, transportation services, and other goods and services.

It is crucial for the government and businesses to adopt sustainable and responsible practices in their construction and operation of new factories because building more factories could have adverse consequences on the environment, such as increased pollution and habitat damage.

it's also important to examine how new factories will affect the environment. Overall, this statement emphasizes the connection between economic expansion, corporate spending, and potential environmental effects.

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Help need ASAP!

Anita wants to start an online business and not use her real name. What type of form will Anita need to complete when opening a business?

A. Franchise
B. DBA (doing business as)
C. Trademark
D. Corporation

Answers

Answer:

C. Trademark

Explanation:

.

What is a major function of the public sector

Answers

Answer:

Public sector provides many services such as; education, health and social care.

There will be a higher equilibrium price and quantity if _____.

a. demand increases and supply stays the same
b. supply increases and demand decreases
c. supply increases and demand stays the same
d. supply increases and demand increases
TIMEDDDD HURRY PLEASEE

Answers

Answer:

I think the answer would be D

Explanation:

On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the transaction.

Answers

Answer:

Kindly see attached picture

Explanation:

Sales tax percentage= 8.5%

Sales = 10,000

Sales tax payable = 0.085 × 10000 = 850

Accounts payable = 10000 + 850 = 10850

Kindly see attached picture for journal entry

On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage

List five organizations where you could volunteer your services. Describe the type of work you might perform for each organization.

Answers

Answer:

animal shelter: feeding the animals giving them baths and walking them maybe

eldery homes: help them clean up a bit and just talk to them

Explanation:

sorry i cant think of more

Points of Light is the world's largest volunteer organization. We envision a society in which it is simple for anyone to affect change in their community and around the world. A volunteer program is a structure that is used to recruit and manage volunteers while also supporting community volunteer activities.

How do I ask for volunteer work?

Explain that you are looking for a volunteer opportunity and that you are particularly enthusiastic about the organization in question. You can even include a sentence explaining why the organization is a good fit for your skills. The first paragraph should pique the reader's interest and make them want to learn more about you.

Volunteering can help you gain confidence by allowing you to try something new and develop a genuine sense of accomplishment. Make an impact. Volunteering can have a significant and positive impact on individuals, communities, and society as a whole. Meet new people. a desire for excellence doing an excellent job requiring a sense of significant accomplishment wanting to change careers/get a job.

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Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled Cost (units) with entries 1, 1. The third column is labeled Petroleum (units) with entries 16, 8. The fourth column is labeled Seafood (units) with entries 8, 8. Based on the data in the table, has the absolute advantage in producing petroleum.

Answers

Answer:

Country A

Explanation:

Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The

Based on the data in the table, has the absolute advantage in producing petroleum is country A.

What is absolute advantage?

A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.

Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.

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Your roommate told you she doesn’t need renter’s insurance because her parent’s homeowner’s policy covers her stuff. Is she correct? Explain your answer.

Answers

Answer: no she is not correct because if she has her own house or apartment then no she is not on homeowner's insurance. now she has to get her own.

Explanation:

hope this helps.

The roommate should not be correct.

What is insurance?

Insurance represents the arrangement where the company or the government agency gives the guarantee with respect to the compensation for the particular loss, damage and in return, the payment should be made with respect to the premium. Also, she is not correct since she has her own house so it is not the homeowner insurance.

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What is a small business according to the SBA?

Answers

It uses firm income (from $1 million including over $40 millions) and employment to define small businesses (from 100 to 1,500 employees).

SBA stands for what in a small business?

Its U.S. Small Business Agency (SBA) supports Americans in establishing successful enterprises and fostering their growth. For instance, a roofing company is considered a small business by the SBA if their yearly sales are $16.5 million or less. A small business is described as a company that employs a small number of people, usually less than 500, and runs separately from bigger organisations. A sole proprietor or a small group of owners often run and own small firms, which are usually privately owned and operated.

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_____ has become a major recipient of FDI and hit a record of $139 billion in 2018. Multiple choice question.

Answers

China's FDI inflows in 2018 were $139 billion, making it the world's second-largest recipient of FDI after the United States.
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