Tattletale News Corp. Has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years. A. If the last dividend paid was $6, what will the next dividend be? (Do not round intermediate calculations. Round your answer to 2 decimal places. )
b. If the discount rate is 23% and the steady growth rate after 3 years is 3%, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places. )
Answers
a. The next dividend will be $7.20 (rounded to 2 decimal places). b. The stock price today should be $53.39 (rounded to 2 decimal places).
a. To find the next dividend, we need to consider the growth rate of 20% per year. The formula for calculating the future value of an investment is:
Future Value = Present Value * (1 + Growth Rate)^Number of Years
In this case, the last dividend paid was $6, and we want to find the next dividend, which occurs after one year. So, we'll plug in the numbers into the formula:
Next Dividend = $6 * (1 + 0.20)^1
Next Dividend = $6 * 1.20
Next Dividend = $7.20
The next dividend will be $7.20 (rounded to 2 decimal places).
b. To calculate the stock price today, we'll use the Dividend Discount Model (DDM). The formula for the DDM is:
Stock Price = (Dividends in the Steady Growth Period * (1 + Steady Growth Rate)) / (Discount Rate - Steady Growth Rate)
First, we need to find the dividends in the steady growth period (after 3 years). We can use the same formula as before:
Dividends in the Steady Growth Period = $6 * (1 + 0.20)^3
Dividends in the Steady Growth Period = $10.368 (rounded to 3 decimal places)
Now, we can plug these values into the DDM formula:
Stock Price = ($10.368 * (1 + 0.03)) / (0.23 - 0.03)
Stock Price = $10.67864 / 0.20
Stock Price = $53.39
The stock price today should be $53.39 (rounded to 2 decimal places).
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Related Questions
Question
Example of sole proprietor businesses
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Answer:
`- In a sole proprietorship, there is no legal distinction between the individual and the business.
`- Examples include writers and consultants, local restaurants and shops, and home-based businesses.
`- A sole proprietor may use a trade name or business name other than his or her legal name.
Each additional advertisement increases customer awareness by _____________the first. a. the same amount as b. a lesser amount than c. a greater amount than
Answers
Each additional advertisement increases customer awareness by a greater amount than the first. The correct answer is c. a greater amount than the first.
Each additional advertisement has the potential to reach new customers or reinforce the message to those who have already seen the first advertisement. As a result, the cumulative impact of multiple advertisements is usually greater than that of the initial one. This is because repeated exposure to a message increases the chances of customers noticing and remembering it.
It allows for more opportunities to capture attention, reinforce key points, and build brand recognition. Additionally, customers may become more familiar with the product or service being advertised, which can enhance their level of awareness and consideration. However, it's important to note that the effectiveness of additional advertisements may diminish over time due to factors such as ad fatigue or saturation.
Therefore, it's crucial for businesses to carefully manage their advertising campaigns and strike a balance between frequency and audience receptiveness. In summary, each additional advertisement typically increases customer awareness by a greater amount than the first, thanks to increased exposure and reinforcement of the message. The correct answer is c. a greater amount than the first.
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A product's price will increase the most if:
Answers
Answer:
Demand is high and if the manufacturing prices increase
Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique at the highest possible price customers are willing to pay. Tom is engaging in _____, which leads to _____ consumer surplus.
Answers
Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique for the highest possible price customers are willing to pay. Tom is engaging in perfect price discrimination and this leads to zero consumer surplus.
What three ways does pricing discrimination come in?The first degree of price discrimination is known as personalized pricing, the second degree is known as product versioning or menu pricing, and the third degree is known as group pricing.
Which four pricing types are there?Although there are many various pricing tactics, small business owners typically employ Competitive Pricing, Cost-plus Pricing, Markup Pricing, and Demand Pricing.
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An owner has a home across the street from a river bluff. She has a lovely view of the river, but, if the property is sold, she might lose the view because of new construction. What can the owner do to preserve her view?
Answers
Answer:
Have the window moved to an angle to see it more
Explanation:
in the diagram to the right, point a provides the _____, point b the _____, and point c the _____.
Answers
In the diagram on the right, points a and b represent the equilibrium price and market equilibrium while points c represent the equilibrium quantity.
The equilibrium price, which is obtained when the quantity of the good that consumers prefer to buy, or quantity requested, equals the quantity that producers wish to sell, or quantity provided, is the only price at which consumer and producer plans can be reconciled. This common quantity is referred to as the "equilibrium quantity." When supply and demand, for instance, are balanced and the values of other economic variables do not change in the absence of outside forces, the economy is said to be in equilibrium. For instance, equilibrium occurs in the traditional text ideal competition when the quantity demanded and the quantity supplied are equal. Economic equilibrium is a state that an economic player cannot change by any method.
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explain processes of distribution channels in economics
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Answer:
Distribution channels in economics refer to the various intermediaries that are involved in the movement of goods and services from the producer to the final consumer. These intermediaries play a critical role in ensuring that products reach the end-users in the most efficient and effective manner possible.
The following are the processes involved in distribution channels in economics:
1. Producer: The first step in the distribution channel is the producer. The producer is the entity that creates the product or service. The producer may be a manufacturer, a farmer, or a service provider.
2. Wholesaler: The next step in the distribution channel is the wholesaler. The wholesaler buys products in bulk from the producer and then sells them to retailers. Wholesalers are often used when the producer cannot sell directly to retailers due to logistical or other reasons.
3. Retailer: The retailer is the next step in the distribution channel. The retailer buys products from the wholesaler or directly from the producer and then sells them to the final consumer. Retailers are often used when the producer cannot sell directly to the final consumer due to logistical or other reasons.
4. Consumer: The final step in the distribution channel is the consumer. The consumer is the end-user of the product or service. The consumer buys the product or service from the retailer.
5. Logistics: Logistics is an important process in the distribution channel. Logistics involves the movement of products from the producer to the retailer or directly to the consumer. Logistics includes transportation, storage, and delivery.
6. Marketing: Marketing is another important process in the distribution channel. Marketing involves promoting the product or service to potential consumers. Marketing includes advertising, public relations, and sales promotions.
7. After-sales service: After-sales service is the final process in the distribution channel. After-sales service involves providing support and assistance to consumers after they have purchased the product or service. After-sales service includes warranties, repairs, and customer service.
In conclusion, the distribution channel is a critical component of the economy. It ensures that products and services reach the end-users in the most efficient and effective manner possible. The various processes involved in the distribution channel include the producer, wholesaler, retailer, consumer, logistics, marketing, and after-sales service.
Within an industry, the existing economies of scale, brand loyalties, and government regulations that impede access to the task environment create
Answers
Answer:
The barrier to entry, is the right answer.
Explanation:
The barrier to entry is the correct answer because the mentioned points like economies of scale, government rules, and brand loyalties are the tools that restrict the entry of new firms. For example, if the incumbent firm has already brand value then the new firm will not attract the consumer because consumers will prefer to buy goods from that company. Thus, if consumers will not buy the commodity then it will fail to do the business. Moreover, government regulations like licensing also restrict new firms. A firm can not enter the market without taking a license from the government.
give three examples of the rules that apply to mutual funds, but not to hedge funds.
Answers
The differences in rules between mutual funds and hedge funds. Here are three examples of rules that apply to mutual funds but not to hedge funds: 1. Registration with the SEC; 2. Limitations on investment strategies; 3. Transparency and investor access.
Rules are explained below:
Limitations on investment strategies: Mutual funds have limitations on their investment strategies, such as restrictions on leveraging (borrowing money to increase potential returns) and short-selling (selling borrowed shares with the expectation of buying them back at a lower price). Hedge funds do not have these limitations and can engage in a wider range of investment strategies, including high-risk tactics.
Transparency and investor access: Mutual funds are required to disclose their holdings, performance, and fees regularly, making it easier for investors to understand and compare their investment options. Hedge funds, however, are not required to provide the same level of transparency, and they often cater to high-net-worth individuals or institutional investors, making them less accessible to the average investor.
In summary, mutual funds have stricter rules regarding registration, investment strategies, and transparency, while hedge funds enjoy more flexibility in these areas.
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Rochester Flour Mills purchased new equipment and made the following expenditures: Purchase price $ 56,000 Sales tax 5,050 Shipment of equipment 810 510 Insurance on the equipment for the first year Installation of equipment 1,620 Required: Record the expenditures. All expenditures were paid in cash. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Answers
To record the expenditures for Rochester Flour Mills, we need to account for the different costs associated the purchase of the new equipment.
Here's how the expenditures would be recorded: Purchase price: $56,000 Debit: Equipment $56,000 Credit: Cash $56,000 Sales tax: $5,050Debit: Equipment $5,050 Credit: Cash $5,050 Shipment of equipment: $810 Debit: Equipment $810 Credit: Cash $810 Insurance on the equipment for the first year: $510 Debit: Prepaid Insurance $510 Credit: Cash $510 Installation of equipment: $1,620 Debit: Equipment $1,620 Credit: Cash $1,620 Please note that I assumed the equipment account to be named "Equipment" for recording these entries. Adjust the account name according to the specific account names used by Rochester Flour Mills.
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Which of the following is not a reason that women have traditionally received less pay for doing the same work as men?
Women have been encouraged to pursue careers in lower paying fields such as teaching and nursing.
Some employers have assumed that women are not as interested in career advancement as men.
Women are not as willing to work as hard or as long as men in order to advance in their careers.
Overall, women have had less education, training, and experience in certain occupations than men.
Answers
Answer:
Women are not as willing to work as hard or as long as men in order to advance in their careers.
Explanation:
Internet privacy has become a major issue. In fact, in Europe there are privacy laws to limit how much information websites can collect from users without their permission. The United States does not have comparable laws to protect consumer privacy on the Internet. Collecting this information is beneficial for firms because then they can tailor marketing messages that better fit its users' needs. These better marketing campaigns can provide them with a competitive advantage. Acme Corporation uses cookies and other devices to collect information. Its privacy policy explicitly informs users that it collects information. However, most people do not read through the policy. Lately, some consumers have complained because they are worried that their information could be compromised. They question the security of the site. Acme wants to restore confidence and prove that it has controls in place. Refer to Scenario 3.2. What type of environmental force does this issue involve?
Answers
a. Greyhound bus system
ANSWER ANY QUESTION YOU KNOW AND PLEASE WIRTE THE QUESTION NUMBER AND IF ITS A MULTIPLE CHOICE WRITE WHICH OPTION IT IS!!!! THANK YOU <3
Q1. A low ....... [two words] rate suggests that managers have recruited the right people for the job and that workers are happy and motivated.
Q2. If a British company established abroad pays more to a worker from the UK than to a local worker for the same job, the human resource management will face an ...... issue.
Q3. ............ is a working practice which enables employees to choose their own working hours.
Q4. A company dismisses a worker for belonging to a certain religion. What type of dismissal is this?
Q5. Which of the following is an advantage of external recruitment?:
#1 It gives internal staff a chance for promotion
#2 There is a wide choice of potential candidates
#3 The culture of the organization will be understood by the applicant
#4 It is cheaper and often quicker
Q6. A form of external recruitment that relies on luring an employee away from his or her current employer is known as:
#1 Selection
#2 Headhunting
#3 Shortlisting
#4 Removing 'dead wood'
Q7. Firms may conduct induction training of employees in order to:
#1 Gain expertise from an external authority in training
#2 Bring in new perspectives to the company
#3 Orient new hires to the company’s work environment
#4 Add to the educational credentials of employees
Q8. When a company has fluid communication because there are few levels of hierarchy, what type of organizational chart would it have?
Q9. Which of the following is an advantage of delegation?
#1 It increases spans of control
#2 It shows trust in subordinates, which can motivate them
#3 It reduces business costs
#4 The organization becomes less bureaucratic
Q10. When a company performs delayering it reduces its ..... [three words].
Q11. A .... manager is the person directly above an employee on the next hierarchical level.
Q12. If a manager is directly responsible for three workers, his .... of ..... is narrow.
Q13. What type of organizational structure has a flexible organization of employees from different departments temporarily working together on a particular project?
Q14. In a ... organizational chart the role of each individual will be clear and well-defined, and there is a clearly identifiable chain of command.
Q15. Which of the following is not a feature of the organizational chart?
#1 Bureaucracy
#2 Span of control
#3 Chain of command
#4 Levels of hierarchy
Answers
Answer:1
Explanation:
when posting column totals in the purchases journal, a credit should be posted to a.merchandise inventory b.sales returns and allowances c.accounts payable d.cash
Answers
Option c. accounts payable should receive credit when column totals in the purchases diary are posted.
When a company buys goods on credit that must be paid back quickly, the phrase "accounts payable" is employed. It is handled as a liability and falls under the heading of "current liabilities." Accounts payable is a short-term debt payment that must be made in order to maintain good standing.
Accounts payable refers to the obligation on the balance sheet that represents the money owed by a company to its suppliers (AP). Liabilities for notes payable, on the other hand, are obligations established by formal legal instrument documents.
A purchase journal is a major entry journal used to track credit transactions (credit purchases) made for resale. When putting transactions into a purchase diary, the purchase invoice is the main source of information.
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Having a single intermediary, a retailer, in the marketing channel is most common when?.
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Having a single intermediary, a retailer, in the marketing channel is most common when the manufacturer is selling low-cost, low-unit value items. Thus the correct option is A.
What is a Retailer?A retailer is referred to as a channel of distributors who sells the product in small quantities just the opposite of a Wholesaler. This Retailer is in direct contact with customers so they receive direct feedback about the product.
When the producer is selling low-priced, low-unit-value goods, having just one intermediary—a retailer—in the marketing channel is most common. All layers of intermediaries are crucial because they greatly increase their users' access to the goods and services that are available.
Therefore, option A is appropriate.
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A wholesaler delivers makeup to supermarkets, sets up the items on racks,
and keeps track of inventory. This is an example of a
A. manufacturer's sales branch
B. truck jobber
C. rack jobber
D. drop shipper
Answers
Answer:
c. rack jobber
Explanation:
A wholesaler delivers makeup to supermarkets, sets up the items on racks, and keeps track of inventory. This is an example of a rack jobber. Hence, option C is correct.
What is wholesaler delivers?A wholesaler's main duty is to improve the efficiency of the supply chain for the gain of producers, distributors, and end consumers. At the same time, wholesalers help distributors manage their assets more efficiently.
Between a manufacturer, who creates a product, and an organization farther down the supply chain, a distributor serves as a link. A value-added reseller, or downstream company, can be either a wholesaler or a retailer.
A distributor is a company that buys non-competing products or product lines and resells them to customers directly. The majority of distributors also provide a range of services, including service, technical support, and warranty protection.
Thus, option C is correct.
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Current Attempt in Progress Pina Corporation, a public corporation, reported a holding gain of \( \$ 43,200 \) net of tax on an investment reported at fair value through other comprehensive income, an
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Pina Corporation reported a holding gain of $43,200 net of tax on an investment reported at fair value through other comprehensive income.
In this scenario, Pina Corporation, a public corporation, recorded a holding gain on an investment that is reported at fair value through other comprehensive income (OCI). This means that the investment is classified as an available-for-sale financial asset, and any changes in its fair value are initially recognized in OCI rather than in the income statement.
When the fair value of the investment increases, resulting in a gain, Pina Corporation recognizes this holding gain in OCI. However, it is important to note that this gain is reported net of tax, meaning that any applicable taxes on the gain have already been accounted for.
The purpose of reporting gains or losses in OCI is to separate them from the regular operating activities of the company. By doing so, these gains or losses do not immediately impact the net income reported on the income statement. Instead, they are accumulated in OCI until certain conditions are met, such as the sale or disposal of the investment.
Pina Corporation's recognition of a holding gain on the investment in OCI indicates a positive change in the fair value of the investment, resulting in an increase in the corporation's overall equity. This reporting approach provides transparency and allows stakeholders to evaluate the impact of these gains or losses separately from the company's core operations.
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Fish and chips are complementary goods. what would shift the demand curve for chips to the left?
Answers
Answer:
Vegans
Explanation:
Many of your friends and family have pet dogs and cats. Each summer you enjoy looking after the pets, for example, taking dogs for walks and feeding them. As you care for the animals so well, one of your friends has suggested that you should start a ‘pet-care’ business for pet owners within a three mile radius of your home. You plan to look after their pet while they are on holiday.
You decide first to carry out some market research.
(a) Identify two purposes of market research. (2) set your answer like below
Answers
Answer:
the action or activity of gathering information about consumers' needs and preferences
-place
-target market
-feasibilty study
Explanation:
Place- allow you to gain attraction and attention from public
Target market-. Field of your business is it realible who would be your costumer and clients
Mod 7.3: Between the beginning of the year and the end of the year, Peach Co.'s Retained Earnings increased. Which of the following is the best and most likely explanation for this increase.
- Peach Co's net income was greater than its dividends.
- Peach Co's net profit is less than its dividend.
- Its dividend is less than Peach Co.'s net profit.
- Its dividend is greater than Peach Co.'s net profit.
Answers
Between the beginning of the year and the end of the year, Peach Co.'s Retained Earnings increased. The "Peach Co's net income was greater than its dividends". The correct option is A.
The net income is the total income which gets from the sells, investment, and property rent.
The best and most likely explanation for the increase in Peach Co.'s Retained Earnings is that its net income was greater than its dividends. Retained Earnings is the portion of a company's net income that is not paid out as dividends to shareholders, but rather is kept within the company to reinvest in the business or to pay off debt.
If a company's net income is greater than its dividends, then the amount of money that is retained within the company will increase, resulting in an increase in Retained Earnings. Therefore, option A, "Peach Co's net income was greater than its dividends," is the correct answer.
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what is business and what is occupation
Answers
Answer:
Business:
A person's regular occupation, profession, or trade.
Occupation:
A job or profession.
Explanation:
I looked them up in a dictionary.
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Describe a hypothetical government budget that employs an expansionary policy.
Answers
Answer:
Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.
Explanation:
The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.
What is the author's main claim or argument?
Pizza is the best
Answers
which of the following is not a model of organizational performance? a. baldridge performance excellence framework b. balanced scorecard c. value chain model d. service-profit model e. supply chain model
Answers
Organizations may use supply chain models in conjunction with organizational performance models to improve their overall efficiency and effectiveness.
A model of organizational performance is a framework that helps organizations to identify, measure, and improve their performance over time. These models help to ensure that an organization is operating efficiently and effectively while achieving its goals. A model of organizational performance may include financial, customer, internal business processes, and learning and growth perspectives. Hence, the model that is not a model of organizational performance is the supply chain model. Supply chain models focus on improving the efficiency and effectiveness of the processes involved in the procurement, production, and delivery of goods and services. It does not address organizational performance as a whole. Supply chain models are mainly concerned with supply chain management practices, including logistics, inventory management, supplier management, and transportation management. Therefore, organizations may use supply chain models in conjunction with organizational performance models to improve their overall efficiency and effectiveness.
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true or false: when estimating income, include amounts that you can control, like bonuses and rental income. true false
Answers
The statement is true. Bonuses and rental income should be included in income estimates. These revenue sources can have a big impact on your finances, so don't disregard them while estimating.
Bonuses are typically based on your or your company's performance and fluctuate year to year. If received, they can enhance your revenue significantly. Your earning potential is more realistic when you include bonus income. Another controlled source is rental income. Income from rental homes or spare rooms helps your finances. Rental income can help with savings, spending, and other financial goals. You can better assess your financial situation by incorporating controlled income sources.
Better budgeting, planning, and financial goals are possible. When generating financial estimates, these income sources' fluctuation and hazards must be considered.
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what is the purpose of the uniform partnership act?
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The purpose of the Uniform Partnership Act (UPA) is to provide a standardized set of rules and regulations that govern the formation, operation, and dissolution of partnerships. It serves as a legal framework to ensure fairness, clarity, and consistency in partnership relationships.
The Uniform Partnership Act is a model statute that has been adopted by many states in the United States. Its main objective is to establish a uniform set of rules for partnerships, promoting consistency and predictability in partnership law across different jurisdictions.
The UPA addresses various aspects of partnership operations, including the formation of partnerships, the rights and responsibilities of partners, the distribution of profits and losses, decision-making processes, and the dissolution and winding up of partnerships.
It provides guidelines for determining the rights and liabilities of partners, the management of partnership affairs, and the distribution of assets upon dissolution.
By providing a standardized framework, the UPA helps partners understand their legal rights and obligations, mitigates potential disputes, and facilitates smooth partnership operations.
It also offers protection to partners by establishing default rules in the absence of a formal partnership agreement. The UPA promotes transparency and clarity in partnership transactions, enabling partners to make informed decisions and fostering trust among partners.
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Consider a simple economy that produces two goods: cupcakes and oranges. The following table shows the prices and quantities of the goods over a three-year period.
Use the information from the preceding table to fill in the following table.
Answers
Answer:
Nominal GDP
= (Price of cupcakes in year * quantity of cupcakes in year) + (Price of oranges in year * quantity of oranges in year)
2018
= (2 * 125) + (3 * 155)
= $715
2019
= (4 * 135) + ( 3 * 210)
= $1,170
2020
= (2 * 125) + (3 * 165)
= $745
Real GDP using 2018 as base year:
= (Price of cupcakes in 2018 * quantity of cupcakes in year) + (Price of oranges in 2018 * quantity of oranges in year)
2018
= (2 * 125) + (3 * 155)
= $715
2019
= (2 * 135) + (3 * 210)
= $900
2020
= (2 * 125) + (3 * 165)
= $745
GDP Deflator
= Nominal GDP in year / Real GDP in year * 100
2018
= 715/715 * 100
= 100
2019
= 1,170 / 900
= 130
2020
= 745/745 * 100
= 100
The income effect of an increase in the price of salmonA) is the change in the demand for salmon when income increases.B) refers to the relative price effect—salmon is more expensive compared to other types offish—which causes the consumer to buy less salmon.C) refers to the effect on a consumer's purchasing power which causes the consumer to buy lesssalmon, holding all other factors constant.D) is the change in the demand for other types of fish, say trout, that results from a decrease inpurchasing power.Table 10-2
Answers
Income effect of an increase The correct option is A) is the change in the demand for salmon when income increases.
The possibility for spending and saving that an entity has obtained during a specific period of time is referred to as income, which is often expressed in monetary terms. [1] Income is a difficult concept to define, and different sectors could have different definitions. [2] Required Page For instance, a person's income in a legal sense and their income in an economic sense may not be the same thing. A key concept of income that is widely applied in economics is Haig-Simons income. Income is described as consumption plus net worth change.In the United States, income is defined by tax law as the sum of all wages, salaries, profits, interest payments, rent, and other forms of earnings received within a calendar year.
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What are experiences best described as?
Answers
Good credit give you option. Bad credit take away your option. Chooe the one correct anwer
Answers
The correct answer is good credit gives you options.
What is Credit?An official business document that a seller issues to a buyer are a credit note or credit memo. The credit note serves as the sales return journal's primary source document.The credit note, therefore, provides evidence of the sales drop. A credit memo, sometimes known as a "credit memorandum," is a document that details a decrease in the amount that a buyer owes a seller in accordance with an earlier invoice.In the absence of a deposit, such as when the bank collects the depositor's note due, it can also take the form of a letter from a bank to a depositor confirming that the depositor's balance is being kept.To learn more about Credit from the given link
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