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2 years ago

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A stock is expected to maintain a constant dividend growth rate of 4.6 percent indefinitely. If the stock has a dividend yield o

f 5.9 percent, what is the required return on the stock?

1 answer:

bearhunter [10]2 years ago

6 0

Answer:

10.5%

Explanation:

Dividend yield=5.9%

Growth rate=4.6%

Required return on the stock=Dividend yield+growth rate

=5.9%+4.6%=10.5%

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Jarrod receives a scholarship of $28,000 from East State University to be used to pursue a bachelor's degree. He spends $16,800

Anton [14]

Answer:

$18,200

Explanation:

Calculation to determine what Jarrod may exclude from his gross income.

Using this formula

Gross income=Tuition+Books and supplies

Let plug in the formula

Gross income= $16,800 + $1,400

Gross income=$18,200

Therefore Jarrod may exclude $18,200 from his gross income.

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Brad earns $1,586 per month. According to the renter’s rule, his monthly rent should be no more than_______

riadik2000 [5.3K]

Explanation:

the renter's rule is that the rent should be no more than 30% of the income for the same period of time.

therefore 30% of $1,586 = $475.80

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Answer 1) Option B) Shift to the right.

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2 years ago

Read 2 more answers

On July 1, Year 1, Yellow Rose Corp. paid $25,000 cash for a machine and paid an additional 8% sales tax. On the same date, an e

Lina20 [59]

Answer:

Journal entries are given below

Explanation:

July 1, Year 1 (Yellow Rose Corp. purchased a machine)

DEBIT CREDIT

Machine $28,000

Cash $28,000

Working

Cost of machine = Purchase price + Sales tax + Installation

Cost of machine = $25,000 + $2,000 + $1,000

Cost of machine = $28,000

Depreciation for year 1 (October to December)

DEBIT CREDIT

Depreciation Expenses $1,300

Accumulated Depreciation $1,300

Working

Annual Depreciation expense = (Cost - salvage value) / useful life

Annual Depreciation expense = (28000 - 2000) / 5 = $5,200

Depreciation for 3 months

Depreciation = $5,200 x 3/12

Depreciation = $1300

Sale of the machine

DEBIT CREDIT

Cash $14,000

Loss on Sale $7,500

Accumulated Depreciation $6,500

Machinery $28,000

Workng

Gain/Loss on sale = Sale proceed - carrying value

Gain/Loss on sale = 14,000 - 21,500

Loss on sale = $7,500

Carrying value = Cost - Accumulated depreciation

Carrying value = 28,000 - 6500 = 21500

Accumulated depreciation = $1,300 + $5,200 = $6,500

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2 years ago

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