A fast growth share has the first dividend (t=1) of $2.41. Dividends are then expected to grow at a rate of 6 percent p.a. for a further 2 years. It then will settle to a constant-growth rate of 1.6 percent. . If the required rate of return is 16 percent, what is the current price of the share? (to the nearest cent)
Select one:
a. $17.95
b. $36.10
c. $16.74
d. $17.91
A company has its share currently selling at $18.70 and pays dividends annually. The company is expected to grow at a constant rate of 3 percent pa.. If the appropriate discount rate is 18 percent p.a., what is the expected dividend, a year from now (rounded to nearest cent)?
ABC Limited has a stable sales track record but does not expect to grow in the future. Its last annual dividend was $5.39. If the required rate of return on similar investments is 19 percent p.a., what is the current share price? (to the nearest cent; don't use the $ sign)
In: Finance
Code in Python. You can only use while loops NOT for loops.
Program 1: cost_living
In 2020 the average cost of living/month (excluding housing) for a family of 4 in Pittsburgh was $3850 per month. Write a program to print the first year in which the cost of living/month is over $4450 given that it will rise at a rate of 2.1% per year. (Note: this program requires no input).
Program 2: discount
A discount store is having a sale where everything is 15% off. Write a program to display a table showing the original price and the discounted price. This program requires no input and your table should include headings and the original prices should go from 99 cents to $9.99 in increments of 50 cents.
Program 3: numbers
Write a program to input a sequence of 8 integers, count all the odd numbers and sum all the negative integers. One integer is input and processed each time around the loop.
In: Computer Science
LIFO Perpetual Inventory
The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows:
| Date | Transaction | Number of Units |
Per Unit | Total | ||||
| Apr. 3 | Inventory | 25 | $1,200 | $30,000 | ||||
| 8 | Purchase | 75 | 1,240 | 93,000 | ||||
| 11 | Sale | 40 | 2,000 | 80,000 | ||||
| 30 | Sale | 30 | 2,000 | 60,000 | ||||
| May 8 | Purchase | 60 | 1,260 | 75,600 | ||||
| 10 | Sale | 50 | 2,000 | 100,000 | ||||
| 19 | Sale | 20 | 2,000 | 40,000 | ||||
| 28 | Purchase | 80 | 1,260 | 100,800 | ||||
| June 5 | Sale | 40 | 2,250 | 90,000 | ||||
| 16 | Sale | 25 | 2,250 | 56,250 | ||||
| 21 | Purchase | 35 | 1,264 | 44,240 | ||||
| 28 | Sale | 44 | 2,250 | 99,000 | ||||
Required:
1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.
| Dunne Co. Schedule of Cost of Goods Sold LIFO Method For the Three Months Ended June 30 |
|||||||||
| Purchases | Cost of Goods Sold | Inventory | |||||||
| Date | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost | Quantity | Unit Cost | Total Cost |
| Apr. 3 | $ | $ | |||||||
| Apr. 8 | $ | $ | |||||||
| Apr. 11 | $ | $ | |||||||
| Apr. 30 | |||||||||
| May 8 | |||||||||
| May 10 | |||||||||
| May 19 | |||||||||
| May 28 | |||||||||
| June 5 | |||||||||
| June 16 | |||||||||
| June 21 | |||||||||
| June 28 | |||||||||
| June 30 | Balances | $ | $ | ||||||
2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period.
| Total sales | $ |
| Total cost of goods sold | $ |
| Gross profit | $ |
3. Determine the ending inventory cost on June
30.
$
Feedback
1. When the perpetual inventory system is used, revenue is recorded each time a sale is made along with an entry to record the cost of the goods sold. LIFO means the last units purchased are assumed to be the first to be sold. Therefore after each sale, the remaining or ending inventory is made up of the first or earliest purchases. Think of your inventory in terms of "layers." The first sale comes from the most recent purchase layer. When deciding which layer to use for costing of each sale ask yourself: "Is there enough inventory left in the most recent purchase to cover the sale?" If not, the other units sold should be taken from the second most recent purchase layer, which then contains the most recent costs. Continue this process for each transaction. If you have done this problem correctly, the remaining units making up ending inventory will be costed at the April 3 beginning inventory and the May 28 unit purchase price.
2. Total sales are obtained by taking the number of units sold times their sale prices for all sales and adding these amounts together. The total cost of goods sold can be obtained by adding the LIFO costs in the perpetual inventory record. Sales minus cost of goods sold equals gross profit.
3. The ending inventory is what is left after subtracting the cost of goods sold from the goods available for sale. Multiply the units remaining after the last sale by their corresponding earliest layer cost to determine the LIFO cost of the ending inventory.
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In: Accounting
Given a 0.1 M NH4Cl solution: a) Which is the pH of this solution? b) If 100 mL of 0.1 M HCl solution are added to 100 mL of the original solution, which is the pH? c) And if 100 mL of 0.1 M NH3 are added to 100 mL of the original solution? Data: kb(NH3 ) = 1.8 10^-5 .
In: Chemistry
Vietnam is a country undergoing transformation from a centrally planned socialist economy
to a system that is more market orientated. The transformation dates back to 1986, a decade
after the end of the Vietnam War that reunited the north and south of the country under
communist rule. At that time, Vietnam was one of the poorest countries in the world. Per
capita income stood at just $100 per person, poverty was endemic, price inflation exceeded
700 percent, and the Communist Party exercised tight control over most forms of economic
and political life. To compound matters, Vietnam struggled under a trade embargo imposed
by the United States after the end of the Vietnam War.
Recognizing that central planning and government ownership of the means of production
were not raising the living standards of the population, in 1986 the Communist Party
embarked upon the first of a series of reforms that, over the next two decades, transformed
much of the economy. Agricultural land was privatized and state farm collectives were
dismantled. As a result, farm productivity surged. Following this, rules restricting the
establishment of private enterprises were relaxed. Many price controls were removed. State-
owned enterprises were privatized. Barriers to foreign direct investment were lowered, and
Vietnam entered into trade agreements with its neighbors and its old enemy the United States,
culminating in the country joining the World Trade Organization in 2007.
The impact of these reforms has been dramatic. Vietnam achieved annual economic
growth rates of around 7 percent for the first 20 years of its reform program. Although
growth rates fell to 5 percent in the aftermath of the 2008–2009 global financial crisis, by
2015 Vietnam was once again achieving growth rates of around 6–7 percent. Living
standards have surged, with GDP per capita on a purchasing parity basis reaching $6,400 in
2016. The country is now a major exporter of textiles and agricultural products, with an
expanding electronics sector. State-owned enterprises now only account for 40 percent of
total output, down from a near monopoly in 1985. Moreover, with a population approaching
100 million and an average age of just 30, Vietnam is emerging as a potentially significant
market for consumer goods.
For all of this progress, significant problems still remain. The country is too dependent
upon exports of commodities, the prices of which can be very volatile. Vietnam’s remaining
state-owned enterprises are inefficient and burdened with high levels of debt. Rather than let
prices be set by market forces, the government has recently reintroduced some price controls.
On the political front, the Communist Party has maintained a tight grip on power, even as the
economy has transitioned to a market-based system. Vietnam bans all independent political
parties, labor unions, and human rights organizations. Government critics are routinely
harassed and can be arrested and detained for long periods without trial. The courts lack
independence and are used as a political tool by the Communist Party to punish critics. There
is no freedom of assembly or freedom of the press.
To compound matters, corruption is rampant in Vietnam. Transparency International, a
nongovernmental organization that evaluates countries based on perceptions of how corrupt
they are, ranks Vietnam 113th out of the 176 countries it ranks. Corruption is not a new
problem in Vietnam. There is a well-established tradition of public officials selling their
influence and favoring their families. However, critics say that the problem was exacerbated
by privatization processes that provided opportunities for government officials to appoint
themselves and family members as executives of formerly state-owned companies. Although
the ruling Communist Party has launched anticorruption initiatives, these seem to be largely
symbolic efforts. Many observers believe that widespread corruption has a negative impact
on new business formation and is hamstringing economic growth.
1: Why did Vietnam experience a low economic growth rate in the decade after the end
of the Vietnam War in 1976?
2: Vietnam now has an economy that is growing strongly with low unemployment and
rising living standards. What changes in economic policy have been responsible for this economic
transformation?
3: The level of public corruption in Vietnam is high. Why is this the case? How do you
think this affects Vietnam’s economic performance? What should the government do about this?
4: How do you think a shift toward more democratic institutions will affect economic
progress in Vietnam
In: Operations Management
In the North American population, the average IQ is 100. A team of scientists wants to test a new medication to see if it has either a positive or negative effect on intelligence or no effect at all. A sample of 39 participants who have taken the medication has been investigated and their IQ after treatment is noted as following:
95 90 100 110 108 105 98 105 120 115 99 100 90 118 112 110 120 120 95 100 90 110 100 105 100 90 105 103 108 112
114 100 88 95 105 103 105 107 98
1-Does the medication influence the North American population IQ? Explain and justify your answer.
The same medication is used on Scandinavian population. 20 participants have been treated and their IQs are noted.
112 114 100 88 95 105 108 105 98 105 120 115 99
100 90 112 110 120 120 90
2-Does the medication have the same effect on both samples (North American and Scandinavian) IQ? Explain and justify your answer.
In: Statistics and Probability
Outputs per hour Total Cost Fixed Cost Variable Cost Avg Total Cost Avg Fixed Cost Avg Var Cost Marg Cost
0 $100 $100 $30
1 $130 $100 $30 $130 $100 30 $28
2 $158 $100 $58 $79 $50 $29 $25
3 $183 $100 $83 $61 $33.33 $27.67 $21
4 $204 $100 $104 $51 $25 $26.00 $18
5 $222 $100 $122 $44.40 $20 $24.40 $20
6 $242 $100 $142 $40.33 $16.67 $23.67 $23
7 $265 $100 $165 $37.86 $14.29 $23.57 $30
8 $295 $100 $195 $36.88 $12.50 $24.38 $38
9 $333 $100 $233 $37 $11.11 $25.89 $40
10 $373 $100 $273 $37.30 $10.00 $27.30
In: Economics
Find the voltage ΔV1 across the first capacitor.
Express your answer in terms of ΔV.
Find the charge Q on the first capacitor.
Express your answer in terms of C and ΔV1.
Using the value of Q just calculated, find the equivalent capacitance Ceq for this combination of capacitors in series.
Express your answer in terms of C.
In: Physics
The first and last sections of an IMC plan focus on __________
In: Finance
Write the numbers in the order they will be in after the first
pass of a:
1) bubble sort
2) selection sort
3) insertion sort
2 4 9 7 5 1 6 3
In: Computer Science