What is the opportunity cost?
Answers
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics. Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful.
Examples of Opportunity Cost. Someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it. ... The opportunity cost of taking a vacation instead of spending the money on a new car is not getting a new car.
The benefit that was forfeited because a certain option was not chosen is known as the opportunity cost. To accurately calculate opportunity costs, it is vital to weigh the benefits and drawbacks of each option.
The idea of opportunity costs is crucial to economics. Opportunity costs are easily overlooked since they are by definition invisible if one is not careful.
Opportunity costs might be thought of as a compromise. When one choice is chosen over another, there are trade-offs involved in the selection. The overall cost of such trade-off is represented by opportunity costs.
For instance, a specific kind of bamboo may be used to make both furniture and paper. The community will have to give up the quantity of bamboos that could have been used to make paper if the company decides to utilize bamboo for furniture.
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Related Questions
Which of the following is a normative statement? Select one: a. The elimination of trade restrictions would increase an economy's standard of living. b. Gasoline prices ought to be lower than they are now. c. In response to the most recent recession, the federal government extended the duration of unemployment benefits. d. A decrease in the minimum wage would decrease unemployment. 16) Which of the following statements is true? Select one: a. Economists use one standard set of assumptions to answer all economic questions. b. Historical episodes are not valuable to economists. c. While the scientific method is applicable to studying natural sciences, it is not applicable to studying a nation' s cconomy. d. The scientific method can be applied to the study of economics.
Answers
Gasoline prices ought to be lower than they are now is a Normative statement. So, the correct option is B. The actual statement is d. The scientific method can be applied to the study of economics.
A normative statement expresses a value judgment or opinion about what should or should be. It involves subjective opinions and cannot be tested or proven true or false based solely on economic analysis. In this case, statement b. "Gasoline prices ought to be lower than they are now" is a normative statement. It reflects a subjective opinion about the ideal or desired level of gasoline prices. It is not a statement that can be objectively proven or disproven using economic analysis alone. The word implies a value judgment that lower gasoline prices would be preferable. However, different individuals or groups may have different opinions on the "correct" or "ideal" level of gasoline prices based on their perspectives and interests. Economics is a social science that seeks to understand how individuals, businesses, and societies choose and allocate resources. The scientific method, which involves systematic observation, formulation of hypotheses, data collection, analysis, and conclusion, applies to the study of economics. Economists use the scientific method to study economic phenomena, test theories, and make predictions about economic behavior. They gather data, develop models and ideas, and test them using empirical evidence. Through this process, economists seek explanations and insights into various economic phenomena, such as market behavior, consumer choices, production processes, and policy outcomes. While the economic analysis may involve complexities and uncertainties due to economic systems' dynamic and interdependent nature, the scientific method provides a framework for systematic and rigorous economic inquiry. It allows economists to generate knowledge, refine theories, and contribute to understanding economic behavior and its implications.
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true or false: excluding food and clothing from sales tax is less equitable because it benefits the rich more than the poor.
Answers
False. Excluding food and clothing from sales tax is actually more equitable because it benefits the poor more than the rich. This is because the poor spend a larger portion of their income on necessities such as food and clothing, while the rich spend a smaller proportion of their income on these items. Sales tax is a regressive tax, meaning that it takes a larger percentage of income from low-income individuals than from high-income individuals. Excluding food and clothing from sales tax helps to alleviate this burden on the poor, who would otherwise have to spend a larger proportion of their income on these necessities.
Additionally, providing tax exemptions on food and clothing has been shown to have positive impacts on poverty reduction and food security. By reducing the cost of basic necessities, individuals and families who are struggling to make ends meet are able to stretch their budgets further and meet their basic needs. Overall, excluding food and clothing from sales tax is a more equitable policy that helps to benefit the poor and promote greater social justice.
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All of the following are reasons for revenue variances EXCEPT ________.
A.) A change in discount structure
B.) A change in input prices
C.) A change in product mix
D.) A change in selling price
Answers
All of the given options are reasons for revenue variances expect B.) A change in input prices.
What is revenue variances?Revenue variances can be described as the tools that is usually used in statistiucs which do help in the process of measurement of the difference between expected and actual sales.
It shpould be noted that the information that an be gotten from there can determine the success of an organization's selling activities , and some of the reasons for this tool are the change in product mix and change in selling price.
Therefore, option B is correct.
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Larry recently invested $24,400 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is also $24,400. In addition, Larry’s share of the limited partnership loss for the year is $3,750, his share of income from a different limited partnership was $2,600, and he has $3,700 of dividend income from the stock he owns. How much of Larry's $3,750 loss from the limited partnership can he deduct in the current year?
Answers
Answer:
$2,600.
Explanation:
Considering the available information given the in the question, we have:
Larry’s tax basis is $24,000
His at-risk amount is $24,000.
Consequently, the basis and at-risk hurdles are not considered.
On the other hand, given that Larry still may not deduct $2,600 of the $3,750 loss because he only has $2,600 of passive income for the year.
Hence, Larry has a $2,600 passive activity loss carryover.
Therefore, the Deductible Loss is $2,600.
3. what are the basic types of forecasts? what are their strengths and weaknesses?
Answers
There are three basic types of forecasts: qualitative, quantitative, and time series. Qualitative forecasts rely on expert opinions and subjective judgments, making them useful for long-term planning but potentially unreliable.
Quantitative forecasts use statistical models and objective data, making them more accurate but limited by the availability and quality of data. Time series forecasts use historical data to project future trends, making them effective for short-term predictions but less useful for long-term planning. Overall, each type of forecast has its own strengths and weaknesses, and the most effective approach will depend on the specific situation and the quality of available data.
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. A quadratic polynomial whose one zero is 6 and the sum of the zeroes is 0, is x*2-6
True
False
pls tell fast
Answers
Answer:
False
Explanation:
From the question, we can see that a quadratic polynomial is made up of two elements or variables called zeros in this question
From the question, we are told that one variable (zero) = 6
The second variable (zero) = unknown , therefore we can represent the second variable as Y
We are told that the sum of the variables = 0
This means:
6 + Y = 0
Therefore, Y = 0 - 6
Y = -6.
The second variable ( zero) = - 6
Since it is a quadratic polynomial,
The roots of the polynomials are the variables 6 and -6
Hence, we have:
(x + 6) (x - 6) = 0
Expanding the brackets
x² - 6x + 6x - 36 = 0
= x² - 36 = 0
Therefore, a quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x² - 36 = 0
This means the statement made in the question above "A quadratic polynomial whose one zero is 6 and sum of the zero is 0 is x²-6" is false
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Scheduling techniques that load (or assign) work only up to the capacity of the process are called ____.
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Scheduling techniques that load (or assign) work only up to the capacity of the process are called "finite capacity scheduling" or FCS.
This approach is often used in manufacturing or other production environments to ensure that production levels remain steady and manageable. With FCS, planners will consider the available capacity of the production process when deciding how much work to schedule, taking into account factors such as the number of available machines, the availability of raw materials, and the time required to complete each task. By using FCS, manufacturers can help to avoid overloading their production lines, which can lead to bottlenecks, delays, and other problems. Instead, they can maintain a steady pace of production that maximizes efficiency and ensures that deadlines are met.
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To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract other.
Answers
The next items to subtract from net sales in order to compute net income for a merchandiser are Expenses.
What are the expenses for a merchandiser?The expenses for a merchandiser include selling and distribution expenses. Others are administrative expenses, including depreciation for long-term assets, and tax expenses.
Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other expenses.
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Advantages of using social media for a business (in terms of customer service)
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P.s. if it’s a case study, make sure to apply :)
What can an understanding that tourism involves travel for purposes such as leisure, business, or other reasons and that hospitality involves receiving guests in a way that is welcoming and friendly help define?
Answers
The understanding of tourism which involves travel for purposes such as leisure, business, as well as hospitality can help us to understand the exploration of the world which help relaxation.
What is tourism?Tourism can be described as the process of social, cultural as well as economic phenomenon which involves the movement of people from one place to another which involves the exploration of the world around us.
It should be noted that the act do encourage leisure as well as business which can help to promote the desire of the people.
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All of the following are classifieds as assets except : accounts receivable , supplies , equipment or accounts payable . Which one ?
Answers
Accounts payable is not classified as an asset, accounts payable represent the amount of money that a company owes to its suppliers or creditors for goods or services received on credit.
Accounts receivable, supplies, and equipment are all examples of assets. Accounts receivable represents the amount of money owed to a company by its customers for goods or services provided on credit. Supplies refer to the inventory or materials used in the operations of a business. Equipment refers to the tangible assets used in the production or operation of a business, such as machinery, vehicles, or tools.
On the other hand, accounts payable represent the amount of money that a company owes to its suppliers or creditors for goods or services received on credit. It is considered a liability, not an asset because it represents the company's obligation to pay a debt in the future.
Hence, Accounts payable is not classified as an asset.
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true or false: if you increase the number of new customers in your business, you are guaranteed to grow your business. true false
Answers
The statement "if you increase the number of new customers in your business, you are guaranteed to grow your business" is false. Here's why: Increasing the number of new customers is undoubtedly one of the most critical aspects of any business.
Still, it's not always a surefire way to guarantee business growth. Increasing the number of customers should go hand in hand with maintaining and increasing the quality of service to keep the customers coming back, leading to customer retention and business growth.
A business that focuses solely on acquiring new customers may soon discover that new customer acquisition costs and customer retention costs are relatively high compared to customer retention costs. In addition, businesses often forget that delighted customers are more likely to share their experiences with others, leading to an increase in word-of-mouth referrals.
According to a study, 92% of consumers trust recommendations from friends and family more than other forms of advertising.
Thus, rather than solely focusing on new customers, a business should work towards an excellent reputation for customer satisfaction and retention, which helps improve the brand image and ultimately leads to increased revenue growth.
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T/F according to generally accepted accounting principles, goodwill must be amortized.
Answers
The statement "According to generally accepted accounting principles (GAAP), goodwill must not be amortized" is false. Goodwill is an intangible asset that arises from the acquisition of another company.
It represents the difference between the purchase price and the fair value of the net assets acquired. Under GAAP, goodwill is subject to an annual impairment test to determine if the value of the asset has declined since the acquisition date.
If the fair value of the reporting unit, which includes the goodwill asset, is less than its carrying value, an impairment loss is recognized. Previously, goodwill was required to be amortized over a period of time. However, this requirement was removed with the issuance of Statement of Financial Accounting Standards (SFAS) No. 142, Goodwill and Other Intangible Assets, in 2001.
The rationale for this change was that the useful life of goodwill cannot be determined with reasonable accuracy, as it is based on the expected future performance of the reporting unit. Therefore, instead of amortizing goodwill, companies are required to test for impairment annually to ensure that the asset is not overstated on the balance sheet.
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US oil supply is given by P = 29+8Q, where P and Q are oil price and oil quantity (in barrel) supplied. How much Producer Surplus increases if the oil price per barrel in the world market increases from $65 to $89?
Answers
To find the increase in Producer Surplus, we first need to find the quantity of oil supplied at both prices.
At $65 per barrel, we have:
P = 29 + 8Q
65 = 29 + 8Q
8Q = 36
Q = 4.5 billion barrels
At $89 per barrel, we have:
P = 29 + 8Q
89 = 29 + 8Q
8Q = 60
Q = 7.5 billion barrels
Next, we need to find the Producer Surplus at each price. Producer Surplus is the difference between the price the producer receives and the minimum price they are willing to accept. The minimum price they are willing to accept is the marginal cost of production, which in this case is $29 per barrel.
At $65 per barrel, Producer Surplus = (65 - 29) x 4.5 billion = $162 billion
At $89 per barrel, Producer Surplus = (89 - 29) x 7.5 billion = $450 billion
The increase in Producer Surplus is the difference between the two:
$450 billion - $162 billion = $288 billion
Therefore, if the oil price per barrel in the world market increases from $65 to $89, Producer Surplus increases by $288 billion.
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Why is it important to write a zero-based budget every month?
Answers
Answer:
It is important to write a zero-based budget every month because the zero-based budget ensures that every dollar you make is assigned a specific purpose.
Explanation:
PLEASE HELP GUYS WRITE A TOPIC WITH AT LEAST 200 TO 300 WORDS ABOUT DOGS RESEACH AND RESTATE IT IN YOU OWN WORDS PLEASE I WILL GIVE YOU BRAINLEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Answers
Answer:
Did you know that dogs' noses are wet. Probably because of the fact that they drink water by licking and it may get on their nose or it's just wet. Dogs have feelings just like us humans do. They feel when something is wrong. They know when you happy and sad. Dog's are smart and listen very well if you train them. Dogs tend to lick us because that's their way of showing love. You know how us people just say I love you and show it well, since dogs can't talk they lick us and play around with us. Dogs also tend to stare at us which sometimes can be creepy but that's another way they show affection. Now if they don't know you then they will stare and bark because they need to absorb you and try to make sure you want to hurt their owner. Lastly, dogs can get jealous because they might see you with another do and think you're replacing them or they might see you with a baby and get jealous because they might feel not loved or cared for anymore so they expect all the love from you because they are attached and spoiled. Overall, dogs are loving and caring for little pets.
Answer:
Dog's are loving and caring kinda pets and tend to want all the attention
Explanation:
What has too much political references
Answers
Suppose a person is obtaining greater utility per dollar from consuming one good than from another. This person is
Answers
Review your knowledge of the material by answering the following questions. Select whether each statement listed is true or false.
You should place items needed to care for life-threatening conditions at the side of the stretcher.
TrueFalse
A Type I ambulance is a standard van, forward-control integral cab-body ambulance.
TrueFalse
Portable suctioning units must be powerful enough to generate a vacuum of 300 mm Hg when the tube is clamped.
TrueFalse
The most common cause of AED malfunction is a dead battery.
TrueFalse
Submit
Answers
False. You should place items needed to care for life-threatening conditions at the side of the stretcher is incorrect/ untrue.
False. A Type I ambulance is a standard van, forward-control integral cab-body ambulance is false/untrue.
True. Portable suctioning units must be powerful enough to generate a vacuum of 300 mm Hg when the tube is clamped is correct/true.
True. The most common cause of AED malfunction is a dead battery is fact/true.
An automated external defibrillator (AED), also known as an automatic electronic defibrillator (AED), is a portable electronic device that can detect and treat the life-threatening cardiac arrhythmias known as ventricular fibrillation (VF) and pulseless ventricular tachycardia (PVT) through defibrillation, which is the application of electricity to stop the arrhythmia and restore the heart's normal rhythm.
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you short sell 100 shares at $50/share. your initial margin was 50%. you close your short position at $40/share. what is the return on a short sale on margin if a $2 dividend is paid, and only the initial margin was deposited? a. 32% b. -20% c. 20% d. 40%
Answers
The return on a short sale on margin if a $2 dividend is paid, and only the initial margin was deposited is d) 40%.
Calculate the short sale profitA short sale is when an investor borrows shares and sells them, anticipating that the price of the stock will fall. The investor must eventually buy back the shares, and if the price has decreased, he or she will make a profit.
Margin trading is the use of borrowed money to purchase securities. A margin account is required by traders who want to short sell shares, which is a method of selling borrowed shares.
The initial margin is the percentage of the trade's value that a trader must deposit to trade. To fulfill the initial margin, the trader must deposit cash or marginable securities into their margin account.
The formula for the short sale profit is as follows:
Profit from a Short Sale = (Initial Sale Price – Purchase Price) * Number of Shares – Dividends Paid
When you short sell 100 shares at $50/share and your initial margin is 50%, you sell the shares for $5,000, depositing $2,500 in your margin account.
When you later buy back the shares for $4,000 and pay a $2 dividend, your profit is as follows:
Profit from a Short Sale = (Initial Sale Price – Purchase Price) * Number of Shares – Dividends Paid= ($50 – $40) * 100 – $2= $1,000 – $2= $998
To find the return on a short sale on margin if only the initial margin was deposited, we use the following formula:
Return on Short Sale on Margin = Profit from Short Sale / Initial Margin * 100%= $998 / $2,500 * 100%= 39.92% ≈ 40%
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Describe where you are in life right now. What makes you most excited about where you are now? What questions do you have, and what are you worried about????
Answers
Answer:
I'm in my lowest point tbh my family is stressed, mom and dad don't care about me, can't help me with school, and we are pretty much broke
I am exited about having a bf this year
When am I going to find peace in my life and when will my parents care about me again?
I am worried I will have to live on my own soon and I'm not ready yet ;(
Explanation:
this is gonna be weird but thank you for asking this question
I feel a bit better already :)
Question #4
Multiple Choice
Values are principles that typically guide or influence an individual's decision-making process. Two
areas of life most often affected or influenced by values include
emotions and reactions
decisions and responses
physical health and feelings
attitudes and behaviors
Answers
The two spheres of life that are most frequently impacted or altered by values are attitudes and behaviors. The correct response is option (4).
Define attitudes and behaviors.An individual's attitude is defined as their mental perspective, or how they feel or think about someone or something. Behavior describes the actions, motions, conduct, or behaviors of an individual or a group toward other individuals. built upon. Experience and observation.
When people put more focus on their own attitudes and feelings, they tend to act more in line with those feelings, therefore there is a link between attitude and behavior. Additionally, when people feel greater responsibility for their individual actions rather than the actions of a collective, their opinions are more consistent with their behavior.
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Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answers
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.
23) When a firm operates with excess capacity,
Answers
When a firm operates with excess capacity, it means that the company is not utilizing its full potential for production or output.
What if a firm operates with excess capacity?The firm is producing goods or services at a level below its maximum capacity. This can occur due to various reasons such as market conditions, fluctuations in demand, inefficient resource allocation, or limitations in technology.
Operating with excess capacity can have both advantages and disadvantages for a firm.
On one hand, it allows the firm to be more flexible and responsive to changes in demand, as it can quickly increase production if needed. This can help the firm maintain customer satisfaction and avoid losing market share.
On the other hand, excess capacity can lead to inefficiencies and increased costs. When a firm does not utilize its resources optimally, it may incur higher fixed costs and lower profit margins.
Additionally, excess capacity can signal to competitors that the firm is not operating efficiently, potentially leading to a loss of market share and competitive advantage.
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Depreciation is recorded on the income statement as _____.
A. a revenue that reduces net income
B. an expense that reduces net income
C. a revenue that increases net income
D. an expense that increases net income
Answers
It should be noted that depreciation is recorded on the income statement as a revenue that reduces net income.
What is depreciation?Depreciation can be regarded as the diminution in the utility as well as the value that is been associated to an asset.
These fixed assets could be;
buildings furnitureoffice equipmentmachineryTherefore, option A is correct because depreciation is recorded on the income statement.
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Answer: Depreciation is an expense that decreases net income.
Explanation: Depreciation is an expense — that’s the whole point of it, it’s taking out your cost for a large expense that you use for multiple years over the lifetime of that asset, rather than all in one year. So it’s always an expense.
Any expense decreases your net income.
QED.
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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What is most often the cause for a change in career or lifestyle?
Answers
Answer:
Adjustment, is the right answer.
Explanation:
Adjustment is the reason that changes the career or lifestyle. For example, a girl who is working, if she gets married then there are chances that she will continue her professional life but after getting pregnant she has to adjust herself to not go outside. She will avoid going to the office, shopping malls, shopping, etc. Therefore, she has adjusted herself with the situation that changes her carrier (working professional) and her lifestyle.
If ABC corporation paid a dividend of $6 per share last year. The stock currently sells for $80 per share. You estimate that the dividend will grow steadily at a rate of 6% per year into the indefinite future. What is the cost of equity
Answers
The cost of equity is 13.95%.
What is stock?Stock (sometimes known as capital stock) in the financial industry refers to the shares into which ownership of a corporation or company is divided. A single share of stock represents a fractional ownership interest in the company based on the total number of shares. The shareholder (stockholder) will then typically be entitled to that portion of the company's earnings, proceeds from the sale of company assets (after paying off all senior claims such as secured and unsecured debt), or voting rights, with these rights frequently being distributed in proportion to the amount of money each stockholder has invested.What is Share?A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. Share capital is the collective term for an organization's shares. A shareholder (or stockholder) of a corporation is someone who owns shares in that company. A share is an undividendable piece of capital that expresses the shareholder's ownership of the company.Learn more about Share here:
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Loyalty requires you to dismiss all of your personal goals permanently. Please select the best answer from the choices provided T F 100 points have fun
Answers
Answer:
It's false
Explanation:
Answer:
F
Explanation:
F