answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ella [17]
2 years ago
10

The Oxford Heating Company has been very successful in the past four years. Over these years, it paid common stock dividend of $

4 in the first year, $4.20 in the second year, $4.41 in the third year, and its most recent dividend was $4.63. The company wishes to continue this dividend growth indefinitely. The expected growth rate in dividends is closest to
Business
1 answer:
kenny6666 [7]2 years ago
3 0

Answer:

The correct answer is 5%.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the growth rate by using following formula:

Growth rate = (Dividend of 3rd year ÷ Dividend of 1st year)^1/2 -1

By putting the value in the formula, we get

Growth rate = ($4.41 ÷ $4 )^1/2 - 1

= ( $0.41)^1/2 -1

= 0.05 or 5%

You might be interested in
Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following b
viktelen [127]

Answer:

Average receivables = $157,500,000

Explanation:

<em>Account receivable represent the amount of credit made by a business which remain uncollected as at the reporting date. In other words, they represent the amount that customers are owing the business in respect of credit sales.</em>

Average account receivables

=(opening balance + closing balance)/2

=( $142,650,000 + $172,350,000)/2

= 157,500,000.

6 0
2 years ago
Larkan &amp; Tokodo is a financial institution that sells shares to investors. The funds resulting from the investments are pool
Shtirlitz [24]

Answer:

mutual fund

Explanation:

A mutual fund is an investment vehicle that collects money from investors (usually small investors)  and invests that money in purchasing and selling securities, e.g. bonds, stocks, etc. They are managed by a fund manager (usually not a person, but a company, in this case Larkan & Tokodo) that decides where to invest the funds. The value of a mutual fund is determined by the price of its shares that basically includes a fraction of the investment pool.

3 0
2 years ago
Read 2 more answers
The Digby's workforce complement will grow by 20% (rounded to the nearest person) next year. Ignoring downsizing from automating
Lerok [7]

Complete Question:

Baldwin's workforce complement (number of employees) will grow by 10% next year. Baldwin spends the same amount extra above the $1,000 recruiting base, which is $694 per employee. Complement/work force was 434 and New Hires were 67 for last year. What will they spend this year on recruiting this year?

Answer: $84,700

<u>Explanation:</u>

Total employees = 434 + 67 = 501

As mentioned in the question that Baldwin's workforce will increase by 10%.

Hence, existing employees x 110% = 501 x 110% = 551 (Ignore the decimal as employees cannot be in decimal) Increase of 50 employees

Baldwin will spend $694 + $1,000 = $1,694

Therefore, for 50 employees he would spend $1,694

Baldwin would spend a total of (50 x $1,694) = $ 84,700

5 0
2 years ago
Sunshine Smoothies Company (SSC) manufactures and distributes smoothies. SSC is considering the development of a new line of hig
enot [183]

Answer:stupid Explanation:

4 0
2 years ago
The mars climate orbiter crashed on the surface of mars becausea. one program output thrust in terms of foot-pounds, and another
klasskru [66]

Answer:

The correct answer is A. The Mars Climate Orbiter crashed on the surface of Mars because one program output thrust in terms of foot-pounds, and another program expected thrust to be expressed in terms of newtons.

Explanation:

The Mars Climate Orbiter was NASA’s unsuccessful mission to study the Martian climate, part of the Mars Surveyor 98 program. The MCO was created as a satellite-translator for the Mars Polar Lander lander, and after the latter ceased to function, it was supposed to study the Martian climate.

The Mars Climate Orbiter was destroyed when a navigation error caused the probe to be improperly elevated as it entered orbit. The vehicle was destroyed by the friction and stresses in Mars' atmosphere. An investigation showed that some data for the rocket system were calculated in English units (pound-force-second) while the navigation team expected SI units (Newton-second).

6 0
2 years ago
Other questions:
  • Emergency room health care tends to have a demand curve that is very steeply sloped, while elective surgery does not. Why? Also,
    15·1 answer
  • ________ is a nondedicated revenue account and is the state's primary operating fund.
    8·1 answer
  • Basil wishes to start a landscaping company, selling plants and landscaping services to new residents of new england manor, a su
    5·2 answers
  • Cadion co. owned a controlling interest in knieval inc. cadion reported sales of $420,000 during 2011 while knieval reported $28
    10·1 answer
  • Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours
    14·1 answer
  • You and two partners start a company. However, your partners play no role in running the company. You spend all your time managi
    14·1 answer
  • Norma Company had 10,000 units in work in process at January 1 that were 50 percent complete. During January, 25,000 units were
    6·2 answers
  • Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of
    15·1 answer
  • Basics Test - English EXIT PREVIOUS Paul is setting up a marketing/sales event at a community center where he is going to discus
    10·1 answer
  • Sergei had to decide among watching a two-hour movie with a cost of $20, buying a book to read for $10 that would take about fou
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!