The Merriweather Co. just announced that it will pay a dividend next year of $1.60. The company will then increase its dividend by 10 percent per year for two years after which it will maintain a constant 2 percent dividend growth rate. What is one share worth today at a required rate of return of 14 percent?
A) $21.60
B) $15.17
C) $23.14
D) $23.95
E) $24.79
B) $15.17
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If the cost of materials is not a significant portion of the total product cost, the materials may be classified as part of factory overhead cost
Indicate whether the statement is true or false
You are the entry-level mail clerk of a major clothing company. It would be appropriate for you to personalize an e-mail if
A) You are writing to someone you do not know. B) You are writing outside the company. C) You are writing up to management. D) None of the above.
All of the following would constitute a "fundamental change" to the corporation EXCEPT:
a. an amendment to the articles of incorporation. b. a merger. c. a stock dividend. d. selling off 60% of the business assets not in the regular course of business.
According to the case on Howard Schultz, Chairman and CEO of Starbucks, what sort of goals did Howard have?
a. Howard planned to use contingent rewards to motivate his employees and make Starbucks the most efficient, lowest cost producer of fine coffees b. Howard used his prove goal orientation to set ambitious growth goals c. Howard had passionate goals, learning goals, ambitious “make no small plan” goals, and ethical goals d. Howard is the perfect example of the benefits of taking a rationale approach to goal setting; all his goals were based on carefully calculated market analyses which he followed instead of relying on his own preferences, tastes, and opinions