Jack is the leader of a team in charge of developing a new promotion for a sports drink. The first step Jack and his team will MOST LIKELY take is to identify the target market. Option (B) is correct answer.
A target market is the specific group of people or businesses for which a company is developing and marketing its products or services. The market can be divided into several distinct groups of people with common interests, such as age, gender, social class, or location. A promotional campaign is designed to raise awareness and interest in a product or service.
Marketing objectives are the goals that a company hopes to achieve through its marketing efforts. Designing the marketing message is important, but it comes later in the promotional process. Finally, evaluating and adjusting the marketing efforts come after the promotional campaign is completed. Therefore, the first step Jack and his team will MOST LIKELY take is to identify the target market. Option B, Identify the target market, is the correct answer.
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Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?
Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.
Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:
Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.
Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.
Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.
Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.
On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:
Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.
Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.
Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.
Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.
In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.
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If you wanted to see how much time you spent working on your assignments last Thursday, which
screen would you look at?
Student Activity
External Links
Suggested Facing
Note that If you wanted to see how much time you spent working on your assignments last Thursday, which screen would you look at is: "Student Activity" (Option A). This has to do with a learning management system.
What is Student Activity?A Learning Management System (LMS) is a web-based tool used to store classroom activity online. They are a sort of cloud computing in which the program is accessible whenever and wherever a user has Internet connection.
The goal of a learning management system (LMS) is to provide training and development to Learning and Development (L&D) departments so that they can maintain a company's growth, success, and, eventually, revenue. These are some lofty learning objectives.
Student activities are extracurricular groups and programs that are available to students at a college or university. Student activities are typically intended to get students more active on campus.
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A person works as a cashier in a major supermarket. She sells vegetables to
customers, including local restaurants that use these ingredients to make
meals for their customers. The supermarket pays the cashier wages for her
work, which she uses to buy her own groceries and pay bills.
The cashier in the passage is part of which element in the circular flow of
goods?
A. Business
B. Resource market
C. Household
D. Product market
The cashier in the passage is part of resource market in the circular flow of
goods. This can be further explained as follows:
In a nation's circular flow, the market in which families provide enterprises with the factors of production (land, labor, and capital) in exchange for money revenues (rent, wages and interest). In the resource market, firms are the buyers and households are the sellers. The cashier receives wages which he spends on the daily resource needs.
Therefore, it can be said that the cashier is a part of resource market.
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The below two statements are related to mindfulness
a. It is not obscure or exotic.
b. It is evidence-based.
TRUE
FALSE
It is true that mindfulness is evidence based and false that it is exotic.
What is mindfulness?Mindfulness. It's an easy term to understand. It implies that the mind is entirely focused on what is taking place, what you are doing, and the environment you are moving through. That might sound insignificant, but it annoys me that we frequently stray from the topic at hand. When our mind wanders, we get disconnected from our physical selves and quickly become preoccupied with compulsive thoughts about the past or worry about the future. And it stresses us out.
However, awareness is always present to bring us back to where we are, what we are doing, and how we are feeling, no matter how far we go. It's great to give mindfulness a go for a time if you want to understand what it is. You will discover tiny variances in the meaning in books, online, audio, and video since it's difficult to put into words.
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A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??
After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. What behavioral characteristic does Shrum have as the basis for her decision making? Please explain your answer.
After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. Shrum has fear of regret. She is hesitant to examine stock prices out of concern that they may have increased and she may have lost out on possible gains.
To prevent the fear of regret, the investor may become less risk-averse in the future and may purchase any stock recommended by the media without completing any background investigation. During lengthy bull markets, regret theory leads some investors to continue to invest aggressively, dismissing warning signals of a coming disaster.
According to regret theory, people anticipate remorse if they make the wrong option and take it into account while making decisions. Fear of regret may either deter or motivate people to act. Regret theory has the potential to influence an investor's rational conduct, diminishing their capacity to make financial decisions that benefit them rather than damage them.
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1. Concave Systems presently has earning interest and taxes of
$6 million. Its interest expenses are $1,000,000 a year, and it
pays $600,000 in annual dividends to its shareholders. Concave
has 300, 000 common shares outstanding, and its tax rate is 40
percent. Its annual capital expenditures are $900,000. Concave's
present priceto-earning ratio is 8.
a. Calculate the company's earnings per share and interpret.
b. Calculate the company's dividend payout ratio and interpret. 目
c. Calculate the company's dividend yield and interpret.
The company's earnings per share is 20, dividend payout ratio is 0.1 and dividend yield is 1.25.
What is Dividend payout?The dividend payout is the ratio between dividend per equity share and earning per equity share.
Earning per share = Earning net interest and tax/ Number of shares outstanding
= $6,000,000/3,00,000
= 20
Dividend per share = Total Dividend/ No of shares
= $600,000/300,000
= $2
Dividend payout ratio = Dividend per share/Earning Per Share
= $2/20
= 0.1
Market value per share = P/E Ratio × Earning per share
= 8 × 20
= $160
Dividend Yield = Dividend per share/ Market Value Per Share
= $2/$160×100 = 1.25
Therefore the earning per share indicates the earnings of the company is attributable to the equity shareholders. The company's dividend payout ratio and dividend yield ratio indicate the percentage of earnings paid to shareholders via dividends.
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how the fourth industrial revolution affects education
The fourth industrial revolution, also known as Industry 4.0, is bringing about a massive transformation in the way we live, work and learn.
What is industrial revolution?The Industrial Revolution was a period of time in the 18th and 19th centuries when major changes in agriculture, manufacturing, and transportation had a profound effect on the socioeconomic and cultural conditions in Britain.
It is characterized by the increased use of technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, and 3D printing. These changes are having a profound effect on education, from the way students learn to the way teachers teach.
One of the major impacts of the fourth industrial revolution on education is the shift from traditional instructional methods to more personalized, adaptive learning. With the use of AI and machine learning, students can now receive tailored instruction and content that is tailored to their individual learning styles and needs. This not only helps to increase student engagement and achievement, but also helps teachers to better meet the needs of their students.
Another way the fourth industrial revolution is affecting education is through the increased use of technology in the classroom. Technologies such as virtual reality and augmented reality are being used to create immersive learning experiences, while collaborative platforms are being used to facilitate group discussions and activities. This increased use of technology is allowing students to gain more hands-on experience and to better understand complex concepts.
Finally, the fourth industrial revolution is also having an impact on how students are assessed. With the use of AI and machine learning, teachers are able to gain insights into student performance and assess them in real time. This not only allows for more accurate assessment and feedback, but also helps to ensure that students are learning the material effectively.
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11. Identify five products sold in shops around your home. (5mks) 12. Identify any five occupations found in your trading centre. (5mks) 13. Outline the role of division of labour and specialisation. (5mks)
Groceries, apparel, electronics, books, and home products are the five items that are sold in stores close to my house. Shop owners, salespeople, the cashiers, guards for safety, and dry cleaners are the five jobs present in my trading center.
The separation of tasks and functions inside a system to boost production and efficiency is referred to as the division of labour and specialization.
Specialization enables workers to concentrate on the stages of the production process where they have an advantage, increasing productivity and output. The separation of roles and duties within a system is made possible by the division of labour, which boosts production and efficiency.
As a result, the significance of the five products sold in shops around home are the aforementioned.
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Which career is best described by someone who organizes and tracks merchandise during storage and display?
O Wholesale Buyer
Marking Clerk
Purchasing Agent
Stock Clerk
Answer:
stock clerk
Explanation:
Answer:
D Stock Clerck :))))
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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[Total = 25marks]
QUESTION 2
a. Azon and Son Ltd acquired use of plant over three years by way of a lease. Installments of
GhC700,000, are paid six monthly in arrears on 30 June and 31 December. Delivery of the plant
was on 1 January 2010 so the first payments of GhC700,00 was on 30 June 2010. The present
value of minimum lease payments is GhC3,000,000, Interest implicit in the above is 10% per six
months. The plant would normally be expected to last three. Azon and Son is required to insure
the plant and cannot return it to the lessor without severe penalties.
Required
i. Describe whether the above lease should be classified as an operating or finance
1
A significant portion of the asset's economic life—three years—is covered by the lease period. The minimum lease payment present value is GhC3,000,000, which is essentially the entire leased asset's fair market value.
The equivalent of monthly rent, a lease payment is formally stipulated in a contract between two parties and gives one party the right to use the other party's real estate holdings, manufacturing equipment, computers, software, or other fixed assets for a predetermined period of time.
A lease payment will be shown as a right-of-use asset and lease liability on the balance sheet. The ROU asset is the ownership of the asset under the lease contract, whereas the lease liability period is the payment obligation during the course of the lease contract.
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Put the steps for demonstrating effective leadership in order.
The steps for demonstrating effective leadership in order are:
Challenge the process
Motivate a collective vision
Make it possible for other people to take action.
Set an example.
Boost your spirit.
The ability of a person, group, or organization to take the initiative is referred to as leadership, which is both a study area and a practical skill.
People behave best when they are fully focused on what they are doing. The enthusiasm of their followers can be stoked by leaders using their own experiences and interests. Even small successes need to be celebrated. They accept difficult assignments while respecting others' efforts.
Because it inspires, motivates, and sets an example for others to improve the world, leadership is essential. A vision, a plan of action, and a strong relationship with their subordinates are all characteristics of a leader. As a result, they help others collaborate to perform remarkable things.
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the future worth in year 10 of an arithmetic gradient cash flow series for years 1 through 10 is $575,000. if the gradient increase each year, g, is $1750, determine the cash flow in year 1 at an interest rate of 5% per year.
At a 10% annual interest rate, the gradient is $37,805.65 a year. The anticipated arithmetic gradient is $475,000, and the estimated income for a year is $25,000, according to the query.
Investments are sums of money used to purchase assets, as well as to increase capital for business owners and personal wealth. It calls for money saving. Investments are the accumulation of funds from other major sources of income. It also involves investment profits over a predetermined length of time. The anticipated arithmetic gradient is $475,000, and the estimated income for a year is $25,000, according to the query. The gradient is therefore determined as follows for each year 475,000 = 25,000(P/A,10%,6) + G(P/G,10%,6) 475,000 = 25,000(4.3553) + G(9.6842) (9.6842) 9.6842G = 366,117.50. $37,805.65 is the gradient. Therefore, it may be said that the gradient is $37,805.65 each year through at an interest rate of 10% per year.
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"At the market opening, a customer purchases 200 shares of an S&P 500 Inverse ETF (-1x) at $50 per share. At the end of that day, the S&P 500 Index declines by 10%. The next day, the index partially recovers and closes up 5%. What will be the market value of the 200 share position?"
Answer:
Market Value of the 200 share position:= 200 x $47.25
= $9,450
Explanation:
a) Data and Calculations:
Purchase of 200 shares of an S&P 500 Inverse ETF (-1x) at $50 per share
= $10,000 at beginning on purchase date.
Value at the end of the day = $9,000 ($10,000 x 0.90)
Value at the end of the next day = $9,450 ($9,000 x 1.05)
Another way to calculate the above is to concentrate on the unit price
Therefore, purchase price = $50 per share
Value on purchase date = 200 x $50 = $10,000
End of the purchase day price = $45 ($50 x 90%)
Value at the end of the day = 200 x $45 = $9,000
Next day price = $47.25 ($45 x 1.05)
Value next day = 200 x $47.25 = $9,450
___________consists of the analysis tools, technologies, and processes by which marketers dig out meaningful patterns in big data to gain customer insights and gauge marketing performance.
Marketing analytics consists of the analysis tools, technologies, and processes by which marketers dig out meaningful patterns in big data to gain customer insights and gauge marketing performance.
Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services, possibly including the choice of a target market's target audience. For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures. Creating interest in a company's goods or services is the main goal of marketing. This is accomplished through market study, research, and consideration of the interests of a company's ideal clients, then luring them in with content that would be instructive and beneficial to the target audience. Discovering the needs of the consumer and fulfilling those demands is the process of marketing.
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________________ + Customer Types + Geographic Area = Generic Market
Customer needs, wants, and preferences + Customer Types + Geographic Area = Generic Market.
What makes up a generic market?A generic market is made up of many customer demographics and geographical regions. Geographic areas can be categorized as regions, cities, or countries, whereas customer types can be described by a variety of variables including demographics, psychographics, and behavior. By combining these two elements, a generic market is created, which represents a collection of possible customers with comparable needs, wants, and purchasing habits. Understanding generic markets can assist firms in locating target audiences and customizing their marketing plans to cater to the unique requirements and tastes of their target market. This may result in better client retention, higher revenue, and company expansion.
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A company has 46,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $554,300, and the par value per common share is $10. The book value per share is:
Multiple Choice
$0.08.
$2.05.
$55.43.
$12.05.
$10.00.
Answer:
$10.00
Explanation:
Which statement best illustrates an example of economic specialization?
A. An employee leaves a large corporation to start her own business.
о B. A country decides to stop importing goods from foreign
companies.
O C. A business owner only hires employees with a wide variety of
skills.
O D. An artist becomes an expert at designing websites for restaurants.
SUBMIT
An artist becomes an expert at designing websites for restaurants such a statement best illustrates an example of economic specialization. The correct option is D.
Economic specialization entails the development of specialized knowledge and skills in a particular area of economic activity, and the best example of this is an artist who becomes an expert at creating websites for restaurants.
Economic specialization is the process through which people, organizations, or entire nations concentrate on manufacturing particular commodities or services for which they have a comparative advantage in order to boost production and efficiency. By specializing, people or companies can become more skilled and efficient at creating that good or service, which will boost their output and profits.
Thus, the ideal selection is option D.
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f a business has fixed costs of $1k a month, variable costs of $1k a month and has product sales of $2k a month, what statement is a correct analysis of the situation
Answer:
The correct option is b. The business is realizing $0 profit and the business is at break-even point.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
If a business has fixed costs of $1k a month, variable costs of $1k a month and has product sales of $2k a month, what statement is a correct analysis of the situation?
a. The business is realizing $2k profit and the business is at break-even point
b. The business is realizing $0 profit and the business is at break-even point
c. The business is realizing $2k loss and the business is at break-even point
d. The business is realizing $2k profit
The explanation of the answer is now provided as follows:
Total cost = Fixed cost + Variable cost = $1K + $1K = $2k
Total revenue = Product sales = $2k
Profit = Total revenue - Total cost = $2k - $2k = $0
When a business makes $0 profit, it implies that the business is at break-even point.
Therefore, the correct option is b. The business is realizing $0 profit and the business is at break-even point.
Question Number 4) The video noted that the Service Employees International Union provided financial backing for the walk-out by the fast food workers. These workers might be motivated to join a union because ________.
One reason that workers may be motivated to join a union is because the law requires that unionized workers are paid higher.
Benefits of joining a unionPaid higher than those who aren't in a union. Job protection as businesses are more scared of unions.For these reasons and more, workers are motivated to join unions because they will not only gain employment protection, but they will be paid higher. They just have to show solidarity during union actions.
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An incomplete cost of goods manufactured schedule is presented below.
Complete the cost of goods manufactured schedule for Riverbed Company. Assume all raw materials are direct materials.
Work in process (1/1)
$222,600
Direct materials
Raw materials inventory (1/1)
$enter a dollar amount
Add: Raw materials purchases
168,000
Total raw materials available for use
enter a total of the two previous amounts
Less: Raw materials inventory (12/31)
24,500
Direct materials used
$190,800
Direct labor
enter a dollar amount
Manufacturing overhead
Indirect labor
19,600
Factory depreciation
37,900
Factory utilities
72,600
Total overhead
130,100
Total manufacturing costs
enter a total amount for the first part
Total cost of work in process
enter a total amount for all two parts
Less: Work in process (12/31)
85,600
Cost of goods manufactured
$572,400
Completing the Cost of Goods Manufactured Schedule for Riverbed Company is as follows:
Cost of Goods Manufactured ScheduleWork in process (1/1) $222,600
Direct materials:
Raw materials inventory (1/1) $ 47,300
Add: Raw materials purchases 168,000
Total raw materials available for use $215,300
Less: Raw materials inventory (12/31) 24,500
Direct materials used $190,800
Direct labor $114,500
Manufacturing overhead:
Indirect labor 19,600
Factory depreciation 37,900
Factory utilities 72,600
Total overhead 130,100
Total manufacturing cost $658,000
Total cost of work in process $658,000
Less: Work in process (12/31) 85,600
Cost of goods manufactured $572,400
What is the Schedule of Cost of Goods Manufactured?The Schedule of Cost of Goods Manufactured shows the costs of:
Beginning Work in ProcessRaw materials usedDirect laborOverheadLess Ending Work in Process.Thus, the Schedule of Cost of Goods Manufactured for Riverbed Company shows that the cost of goods manufactured for the period is $572,400.
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If there is a greater quantity supplied than the quantity demaded ( an excess supply of a good or service) you are most likely dealing with:_______.
A- price ceiling set below the equilibrium price
B- price floor set above equilibrium price
Okay favorite Haikyuu character GO!
Answer:
It's either Iwaizumi or suna- or kenma
Explanation:
JASEISJJEUDJ IT'S HARD TO PICK
promotional Scavenger
Example of incentives promotion could be offering a discount or a special promotional price for a limited time to encourage immediate purchase.
Hence, a person who constantly seeks out these promotions is caalled a Promotional scavenger.
What is promotion?Promotion in marketing refers to any sort of marketing communication that is used to enlighten target audiences about the relative qualities of a product, service, brand, or problem, and is usually persuasive in nature.
Revenue promotions can assist your firm acquire new clients in addition to raising immediate revenue. Encourage repeat purchases and loyalty. acquire insights about customer behaviors.
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In a market without price controls, producers can charge the _____, so that consumers will buy all of their products. I Need Help Please!!
surplus price
shortage price
equilibrium price
Answer:
equilibrium price
Explanation:
At the equilibrium point, the market does not experience a shortage or excess in either demand or supply. The quantity demanded matches the quantity supplied. The equilibrium price is the price at the equilibrium point where demand and supply meet.
Because there are no shortages or excesses at the equilibrium point, suppliers will sell all their products if they set a selling price equal to the equilibrium price. Buyers will purchase all the quantities supplied at the equilibrium price.
A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. Also, suppose that when the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day. Based on these numbers and using the midpoint formula, the price elasticity of demand for gasoline is:
By definition, the price elasticity of demand for gasoline is -2.33.
Price elasticity of demandThe price elasticity of demand is a measure used to show the responsiveness, or elasticity, of the quantity demanded of a good or service to changes in the price of that good or service.
That is, the price elasticity of demand indicates to what extent changes in price alter the demand for specific products or services.
The price elasticity of demand is calculated by dividing the percentage change in demand by the percentage change in price, resulting in the following expression:
\(Elasticity=\frac{percentage change in quantity demanded}{percentage change in price}\)
\(Elasticity=\frac{\frac{deltaQ}{Q} }{\frac{deltaP}{P} }\)
where:
deltaQ means the absolute change in quantities demanded.Q represents quantity.deltaP represents the absolute change in price.P represents the price.Price elasticity of demand for gasolineKnowing that:
When the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. When the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day.First, the percentage change in quantities is calculated as follows:
The absolute change in quantities deltaQ is obtained by first subtracting the final demand from the initial demand, that is (8 million – 6 million = 2 million)Now dividing this value by the initial demand, you obtain 2 million÷6 million=0.333, which, taken to a percentage value, finally shows that the percentage change in quantity demanded is 0.333×100%= 33.3%.Now the percentage change in price is determined as follows:
The absolute change in the deltaP price is obtained by subtracting the final price from the initial price, that is (3 – 3.5= -0.5).Now dividing this value by the initial price -0.5/3.5, we obtain -0.143, which, taken as a percentage value, shows that the percentage variation in the price is -0.143x100%= -14.3%.Finally, the price elasticity of demand is calculated as:
\(Elasticity=\frac{33.3}{-14.3}\)
Solving:
Elasticity= -2.33
In summary, the price elasticity of demand for gasoline is -2.33.
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Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
Y1 $75,000
Y2 15,000
Y3 112,500
Determine the dividends per share for preferred and common stock for each year. The stock outstanding when a corporation has issued only one class of stock.common stock for each year.
Preferred Stock Common Stock
(dividend per share) (dividend per share)
Year 1 $ $
Year 2 $ $
Year 3 $ $
Answer:
Preferred Stock Common Stock
(dividend per share) (dividend per share)
Year 1 $1.50 $0.75
Year 2 $0.60 $0.00
Year 3 $2.40 $1.05
Explanation:
For Year 1:
Total dividend distributed = $75,000
Preferred shareholders' dividend = $50 * 25,000 * 3% = $37,500
Preferred shareholders' dividend per share = $37,500 / 25,000 = $1.50
Common stockholders' dividend = Total dividend distributed - Preferred shareholders' dividend = $75,000 - $37,500 = $37,500
Common stockholders' dividend per share = $37,500 / 50,000 = $0.75
For Year 2:
Total dividend distributed = $15,000
Dividend payable to preferred shareholders = $50 * 25,000 * 3% = $37,500
Dividend paid to preferred shareholders = $15,000
Preferred shareholders' dividend per share = $15,000 / 25,000 = $0.60
Preferred shareholders' dividend carried forward = Dividend payable to preferred shareholders - Total dividend distributed = $37,500 - $15,000 = $22,500
Common stockholders' dividend = $0
Common stockholders' dividend per share = $0
For Year 3:
Total dividend distributed = $112,500
Total dividend paid to preferred shareholders = $37,500 + Preferred shareholders' dividend carried down from Year 2 = $37,500 + $22,500 = $60,000
Preferred shareholders' dividend per share = $60,000 / 25,000 = $2.40
Common stockholders' dividend = Total dividend distributed - Total dividend paid to preferred shareholders = $112,500 - $60,000 = $52,500
Common stockholders' dividend per share = $52,500 / 50,000 = $1.05
PNB Industries has 20 million shares of common stock outstanding with a market price of $18.00 per share. The company also has outstanding preferred stock with a market value of $50 million, and 500,000 bonds outstanding, each with face value $1,000 and selling at 97% of par value. The cost of equity is 15%, the cost of preferred is 12%, and the cost of debt is 8.50%. If PNB's tax rate is 40%, what is the WACC?A. 7.05%B. 9.47%C. 11.31%D. 11.83%
Answer:
B. 9.47%
Explanation:
Common Stock = 20,000,000*$18 = $360,000,000, so 360,000,000/895,000,000 = 0.4022
Preferred Stock= $50,000,000, so 50,000,000/895,000,000 = 0.0559
Bonds = 500,000*0.97*1000 = $485,000,000, so 485,000,000/895,000,000 = 0.05419
WACC = 0.4022*15% + 0.0559*12% + 0.5419*8.5%* (1 - 0.4)
WACC = 0.06033 + 0.006708 + 0.0276369
WACC = 0.0946749
WACC = 9.47%