The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.52 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely.

Required:

a. If investors require a 11 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price?
b. What will the price be in 8 years?

Answers

Answer 1

Answer:

A. $40.66

B. $69.86

Explanation:

A. Calculation for what is the current price

Using this formula

Current price=Dividend per share(1+Expected constant rate)/ (Require return percentage-Expected constant rate)

Let plug in the formula

Current price=1.52(1+.07) / (.11-.07)

Current price=1.52(1.07) / (.11-.07)

Current price=1.6264/0.04

Current price=$40.66

Therefore the Current price will be $40.66

b. Calculation for What will the price be in 8 years

Using this formula

Price=Dividend per share(1+Expected constant rate)^Numbes of years/ (Require return percentage-Expected constant rate)

Price=1.52(1+.07)^9/ (.11-.07)

Price=1.52(1.07)^9/ (.11-.07)

Price=2.7945/0.04

Price=$69.86

Therefore What will the price be in 8 years is $69.86


Related Questions

Briefly describe what is meant by the industrial market structure (IMS). Why is an understanding of the IMS so important for companies in their strategic management process

Answers

Answer is given below:

Explanation:

Industrial market structure is a systematic representation of different organization based on the level of competition for these products or services the nature and nature of these products or services in the market. Industry market is structured is important in a company's strategic management process for the following reasons Clearly assess business objectives Knowing how much competition there is in the market. Get details of your competitor's business development. Competing in the market

Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring process, which account is debited

Answers

Answer:

✓Debit to WIP Inventory-Finishing

✓credit to WIP Inventory-Coloring.

Explanation:

From the question, we are informed about Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring process, WIP Inventory-Finishing is to be debited, while WIP Inventory-Coloring is credited in the journal entry . WIP can be regarded as part of the overhead cost as well as raw materials, and labor cost at each stages during the process of production. When recording on the journal entry, journal entry can be regarded helps in recording any transaction as far as accounting system is concerned. Several recording are found in journal, and can fall in debit or credit side . At the journal entry, Debit side is at the left-hand side and credit side is at the right-hand side

Two major variables in choosing the structure and design of an organization are the opportunities and need for ________.

Answers

Answer:

globalization and localization.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Also, localization (local responsiveness) refers to the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to. Thus, a firm that is facing both strong cost pressures and strong pressures for localization should ensure that it adopts a global standardization strategy.

Hence, two major variables in choosing the structure and design of an organization are the opportunities and need for globalization and localization because the opportunities that abound in the market would determine the level of revenues (cash-inflows) that the organization can generate.

proud family inc., produces a variety of products. the average cost of one widget using ABC costing is closets to

Answers

Answer:

b. $156.59

Explanation:

Note: The full question is attached as picture below

As the company is under traditional costing system and the allocation base is machine hours.

Variable OH per hour = Total variable cost / Total machine hours

Variable OH per hour = 513,600/32,000

Variable OH per hour = $16.05

Average cost of producing one unit of widget = Direct material per hour + Direct labor per hour + Variable OH per hour

= $95.52 + $51.04 + ($16.05*750/1200)

= $95.52 + $51.04 + $10.03

= $156.59

Decision making is often a biased and flawed process. This activity is important because a person who can identify and be aware of their biases may be able to make better decisions for themselves and may be able to diagnose flawed decisions that affect their workplace. The goal of this exercise is to test your knowledge of the nine fundamental decision-making biases given below.

a. Availability Bias
b. Representativeness Bias
c. Sunk-Cost Bias
d. Anchoring and Adjustment Bias
e. Confirmation Bias
f. Overconfidence Bias
g. Hindsight Bias
h. Framing Bias
i. Escalation of Commitment Bias

Answers

Answer:

a. Availability bias ⇒ Cori

This bias refers to the mind's tendency to evaluate a topic based on the examples that they already know of and therefore come to their mind first. Cori thought of her weather at home first and related it to Australia.

b. Representativeness Bias ⇒ Trinity

This bias is one that people make when things are related. They assume that if it is the case for an event, related events should work the same as well.

c. Sunk-cost bias ⇒ Zion

This bias refers to the making of decisions based on sunk costs. Zion's transmission is a sunk cost but he used it as a basis to fix the brakes.

d. Anchoring and Adjustment bias ⇒ Nishka

This bias occurs when we look upon new information with a biased view as Nishka did when they looked at the prices of cheaper cars.

e. Confirmation bias ⇒ Declan

Confirmation bias is when we only listen to information that supports our view much like Declan here who disregarded information that criticized his car model.

f. Overconfidence bias ⇒ Milo

This bias results from having unfounded confidence in our ability to do something much like Milo here who believed he was good enough to invest as his broker who had to go through more intensive training.

g. Hindsight bias ⇒ Sai

Believing that we always knew something was going to happen after the thing happens.

h. Framing bias ⇒ Rosa

This bias occurs when decisions are made based on one aspect due to the decision being framed from that aspect.

i. Escalation of Commitment Bias ⇒ Amara

This bias occurs when we continue to follow a decision path even though that decision has proven to provide negative consequences.

What can accurately predict whether you will be a successful entrepreneur?

Answers

Answer:

your attitude

Explanation:

The United States is an example of a __________ economy?
a)traditional
b)command
c)market
d)private

Answers

Answer:

C. Market

Explanation:

I majored in Health

2. Which of the following groups of users would primarily be interested in a company's annual
published financial statements?
A. Shareholders and suppliers
B. Management and employees
C. Shareholders and providers of finance
D General public, environmental pressure groups

Answers

Answer:

C. Shareholders and providers of finance

Explanation:

A company's financial report communicates the financial health of a business. It indicates whether a business is profitable and can meet its financial obligations.

Shareholders are the owners of a business. They are interested in the financial reports to know if their venture is making profits. Shareholders expect to earn dividends from the business. Only a profitable business is able to declare dividends. Financial reports guide shareholders in making decisions regarding the future of the business.

Lenders provide debt capital to a business. If the company is profitable, then lenders are happy because their payments are assured. Lenders rely on financial reports in deciding whether to extend or deny credit to businesses.

As a customer's product knowledge increases, what typically happens to the amount of search conducted by the consumer

Answers

Answer:

It will increase, and then decrease as the customer becomes more knowledgeable

Explanation:

As a customer's product knowledge increases, what typically happens to the amount of search conducted by the consumer is that the amount will first increase, and then decrease as the customer becomes more knowledgeable.

Financial reports are created and used to evaluate the financial performance of the business. Which function is responsible for creating the reports

Answers

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

Financial reports are created and used to evaluate the financial performance of the business. The function that is responsible for creating the reports is Financial Accounting.

One of the most important areas of a company is the financial department because it has to keep healthy numbers and finances in order to make the corporation to prosper.

Financial Accounting is the area that records and reports every single transaction of the company and then prepares all the reports needed by lay to show the transparency of the records. Among others, these reports are the cash flow statement, the balance sheet, and all the financial statements that show managers and owners how the company is doing.

A company decided to scan all of its salespersons' important work that existed only in paper form into a central computer database that could be easily accessed using portable computers, thereby saving salespersons the effort of lugging their paper files all over the country. The project was a dismal failure, however; salespersons rarely accessed the database and continued to rely on many paper files, which they had refused to turn over to the staff responsible for creating the database.

Which one of the following, if true, most helps toaccount for the failure described above?

a. Some of the salespersons gave huge paper files to the staff responsible for creating thedatabase while other salespersons gave themmuch smaller files.
b. Most of the salespersons already had portablecomputers before the new database was created.
c. The papers that the salespersons found mostimportant all contained personal informationabout employees of client companies,which the salespersons did not want in acentral database.
d. All of the salespersons were required to attend aseries of training sessions for the new databasesoftware even though many of them found thesoftware easy to use even without training.
e. The number of staff required to create thedatabase turned out to be larger thananticipated, and the company had to payovertime wages to some of them.

Answers

Answer:

c. The papers that the salespersons found most important all contained personal information about employees of client companies, which the salespersons did not want in a central database.

Explanation:

Most salespeople earn their salaries through sales commissions. A salesperson not only competes with other competing companies, but also competes against other salespeople of the same company. It is likely that they didn't want to share their trade secrets with other salespeople within the same company.

Explain what a cash budget is and why it is important for all businesses.


Answers

Answer:

A cash budget is very important, especially for smaller companies. It allows a company to establish the amount of credit that it can extend to customers without having problems with liquidity. A cash budget helps avoid a shortage of cash during periods in which a company encounters a high number of expenses.

Explanation:

what Is quality Control​

Answers

Answer:

a system of maintaining standards in manufactured products

Briefly summarize the works of Maslow, Herzberg, McClelland, McGregor, Ouchi, Thamhain and Wilemon, and Covey. How do their theories relate to project management.

Answers

Answer:

Following are the solution to this question:

Explanation:

According to Maslow:

He thought that people get a set of incentives related to subconscious and rewarding desires. He stated people are motivated and meet certain criteria. Once the needs are fulfilled, an individual tries to achieve the next one, etc. In each hierarchy of Maslow involves 05 motivating factors, also described in hierarchical levels within a pyramid. It model could be divided through necessities (or shortcomings) (e.g. physiologic, protection, love, and appreciation) and the process produces.

The original five-stage template hierarchy includes:

Wind, food, drink, shelter, heat, sexuality, sleep - your anatomical, and physical needs. Security needs – safety, law, laws, restrictions, stability, and safety. Character or love requires - job, family, love, relationship. It needs – self-esteem, achievement, mastery, autonomy, status, domination, reputation, and management responsibility. Requires for self-update – personal capacity development, personality, self-development, or peak knowledge.

According to Herzberg:

He shows which work-related to satisfaction were mostly triggered through different causes and did not simply oppose the very same causes as previously believed.

The overall conclusion of Herzberg was clear and clear, and due to the scope and breadth of Herzberg's study design and analysis, Herzberg's figures can be read in several various ways.

According to McClelland:

A motivational model that attempts to explain how the demand for efficiency, intensity, or affiliate affects the actions of people in such a management sense is created by the psychenist, David McClelland's Request Concept.

A desire to master tasks and situations drive people who are motivated by success.A desire to build and sustain personal interactions inspire students via an affiliation. You appreciate participation in a group but want to be loved.

According to Ouchi:

Theory Z was identified first as William Ouchi's special organizational structure. He claimed that perhaps the emerging managerial approach, known as Theory Z, will out any to benefit from the many benefits from both structures.

Sustainable employment

That conventional United states organizations, while the workers are afflicted with shorter-term obligations, can unwittingly facilitate managers with much more conventional leadership viewpoints treat workers simply as interchangeable cogs in profitable machines.

Slow assessment and support

Form A usually distinguished by quick performance assessments as well as the prompt promotion of top achievers.

According to Thamhain and Wilemon:

Authority: the legal right to issue command spatially. Task: a presumed ability of the project manager to affect future work tasks for the employee. Budget: The perceived capacity of a project manager and authorize the use of extra money by others. Advancement: the ability to develop the position of the employee. Cash: its opportunity to compensate and benefit the employee. Penalty: that ability of the systems engineer to prosecute. Challenge of work: its opportunity to allocate tasks that is focused on the role of a worker. Expertise: unique expertise perceived by the project manager that others consider important.Friendship: A systems engineer can develop good relations.

According to Convey:

These 7 habits can be defined as follows:Be positive. Begin to think about the end. First, put the very first things. Think again and win.Seek to understand first, to then understand. Substantially boost. Shake the sight.

Process improvement theories:

Ideas mostly on software development linked to Maslow's, Herzberg, McClelland, Ouchi, Thamhain, and Wilemon, and Convey. In the area of human funds, Maslow’s hierarchy is of great importance.

Jonathan wants to create a web page visually. Which of the following should he use?

HTML
Java
Text Editor
WYSIWYG

Answers

Answer:

HTML

Explanation:

Answer:

HTML

Explanation:

Select the following three roles in a business that do not carry personal liability for any judgments against the company.

the owner in a sole proprietorship
a limited partner in a partnership
a general partner
a corporation shareholder
the CEO of a major corporation

Answers

Answer:

first third and fourth

Explanation:

saw it on quizlet

1.2. What are five foundations of economics?Eleanor works at a department store and is paid by the hour. She can work as many hours as she wants each week. When not at work, Eleanor likes to spend her time reading. The store recently increased her hourly wage.Fill in the blanks to complete the passage describing Eleanor’s situation.

Answers

Answer:

There is a connection between work and the incentive to work.

The more incentive we have to work, the more work we get done. One of the incentives that we have to work is wages or money.

With the increase in the hourly wage, Eleanor will now weigh how much she would gain or lose in wages every time she chooses to work or not. In order words, the opportunity cost of reading at home. The more time she spends reading rather than working, the more money she loses.

Cheers

If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs

Answers

Answer: $228,900

Explanation:

Manufacturing overheads =  Factory depreciation + Factory utilities + Indirect labor + Factory rent + Factory property taxes + Indirect materials

= 65,600 + 30,900 + 22,600 + 47,800 + 28,700 + 33,300

= $228,900

Guys I need a kawaii Username for YT the person that had the best one I will crown branliest I'm giving 40 points!

Answers

Answer:

Sweetlolipie

Explanation:

Answer:

What about "TedyBear","PixelII" and "PoohBear"???

what is taxable incomeTanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan and $1200 for an IRA. She had the following income: Wages $22,594

Answers

Answer:

Interests on student loans and IRA contributions are above the line deductions, which means that they decrease a person's AGI before they take any itemized or standard deduction.

Tanya's AGI before taking any deduction = $22,594 - $2,000 = $20,594

Assuming that she is filing her 2020 taxes, the standard deduction for single filers is $12,400, so her total taxable income = $20,594 - $12,400 = $8,194.

is the grouping of jobs
into working units usually called
units, groups, or divisions.

Answers

Answer:

units is the closest thing

Explanation:

it's usually called departmentalization but units is the next thing

the answer is units :) so top person is correct

Select the correct answer from the drop-down menu
If a society decides to produce consumer goods from its avalable resources, It is answering the basic econamic question,
How to produce?
What to produce?
For whom to produce?

Answers

Answer:

What to produce?

Explanation:

A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.  

Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.

In a market economy resources tend to be allocated optimally. Discuss how the interaction of consumers and producers makes this happen.

Answers

Answer:

Under the capitalist structure, the distribution of services is highly reliant mostly on price fluctuations of the commodities itself. For both buyers as well as vendors in the industry, price serves as a predictor.

Sellers can use heavy priced  limited raw commodities (e.g. the copper industry) or tools to manufacture high-value items to be specifically given specific pricing details. Similarly, only those buyers who see profit in buying those better priced goods would also enable them to maintain equilibrium within the scheme.

In 2009, an agricultural company introduced a new cropping process which reduced the cost of growing some of its crops. If sales in 2008 and 2009 were steady at $30 million, but the gross margin increased from 2.9% to 3.2% between those years, by what amount ($) was the cost of sales reduced

Answers

Answer: $90,000

Explanation:

If sales in 2008 and 2009 were steady at $30 million, but the gross margin increased from 2.9% to 3.2% between those years, the amount by which the cost of sales would be reduced would be:

= $30 million × (3.2% - 2.9%)

= $30 nillioy× 0.3%

= $30 million × 0.003

= $90,000

Question # 6
Fill in the Blank
Complete the following sentence. Remember to spell correctly.

Limiting the amount of imported sugar that can be brought into the United States is an example of a(n) ______​

Answers

Answer: Import quota

Explanation:

Import quotas are a means of controlling trade into a country. It is usually done because the good being imported is produced in the importing country but when it is imported it is cheaper which will have the effect of harming the domestic producers.

Import quotas will restrict trade by limiting the amount of the specific good that can be imported into the country within a given period. For instance, the U.S. mandating that only 30,000 tonnes of sugar may come into the country in a year. After that amount, no more sugar will be allowed in.

Shirts makes business dress shirts. The shirts could have defects in various ways including in the weave or color of the fabric, loose buttons, wrong dimensions, and uneven stitches. 8 shirts are randomly examined, with the following results. What is the LCL for a three-sigma control chart?

Shirts Defects
1 4
2 6
3 3
4 1
5 5
6 6
7 4
8 6

a. 2.00
b. 0.00
c. -1.90
d. 1.90

Answers

Answer:

our correct option is b = 0.00 for 3 sigma (σ)

Explanation:

Solution:

Let's tabulate the data given:

Shirts                                 Defects

1                                            4

2                                           6

3                                           3

4                                           1

5                                           5

6                                           6

7                                           4

8                                           6

Now, as we can see from the above data,

Number of samples taken = Shirts randomly examined = 8

Now, we have to calculate (C bar), for this we have to divide the sum of defects and total number of samples.

Note: We denoting (C bar) as B. So,

B = Sum of defects/ Number of samples

Sum of defects = 4 + 6 + 3 + 1 + 5 + 6 + 4 + 6

Sum of defects = 35

(C bar) = B = 35/8

B = 4.37

Formula to find out LCL for 3 sigma (σ):

LCL = B - [tex]z\sqrt{B}[/tex]

where z value for 3 sigma = 3

LCL = 4.37 -(3[tex]\sqrt{4.37}[/tex])

LCL = 4.37 - (3 x (2.092)

LCL = 4.37 - (6.276)

LCL = -1.901

So, now, when the LCL = negative, it is taken as 0.0

Hence, our correct option is b = 0.00 for 3 sigma (σ)

True or False: Food Corp., a business with its headquarters and major operations in the United States of America, also has an office overseas in France. Since Food Corp.’s headquarters are in the U.S.A., it is subject to U.S. Federal minimum wage laws in both its office here in the U.S.A. and overseas in France

Answers

Answer: False

Explanation:

The Minimum Wages Law is simply referred to as a labour law which entails that employees should be paid a certain amount of minimum wage and shouldn't be paid below that.

We should note that the wages law are different for countries. Thereby the minimum wage law set in USA may be different from that of France.

Therefore, even if Food Corp.’s is subject to U.S. Federal minimum wage laws in its office in the U.S.A, it can't be subjected to U.S. Federal minimum wage laws in overseas in France.

Therefore, the answer is false.

A bank is negotiating a loan. The loan can either be paid off as a lump sum of $100,000 at the end of five years, or as equal annual payments at the end of each of the next five years. If the interest rate on the loan is 10%, what annual payments should be made so that both forms of payment are equivalent

Answers

Answer:

$16,379.75

Explanation:

Calculation for the annual payments that should be made

Using financial calculator to find the PMT

FV = $100,000

Interest rate = 10%

N= 5 years

PMT?

Hence,

PMT = $16,379.75

Therefore the annual payments that should be made so that both forms of payment are equivalent will be $16,379.75

which of the following is a common risk of using credit to make purchases
overspending
having to wait a longer for the good
underspending
losing payment records

Answers

Answer:

overspending

Explanation:

Credit purchases encourage one to spend more than they can afford. The fact that the sellers do not demand cash when goods change hands entices people to buy more. In credit purchases, cash is not required, only a commitment to pay later, which leads to overspending.

Overspending increases the probability of defaulting on credit payments. When the debt to income level rises too much, the borrower may be forced to miss some installment payments and cater to basic needs.

Answer:

overspending

Explanation:

yaba daba doo hubba da old navy

2008 crisis question.

Answers

Answer: b. Glass Steagal separated the commercial loan balance sheet of a bank from the investment banking arm (a much riskier part of bank operation). It was important because without this separation, when a bank fails due to bad investments, it also fails all of its commercial duties to keep the economy liquid.

Explanation:

The 1920s came with a fast rising American economy. The stock market portrayed this rise by making huge profits for the public and so people wanted to get into stocks more and more until the stock market crashed and million lost money.

Some of those who participated had borrowed the funds from commercial banks which now had losses as they had loaned out money that could be used for other commercial duties. The proponents of Glass Steagal believed that separating a bank's commercial side from investing would fix this.

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