Blockbuster Inc just paid a dividend of $2 per share. Dividends are expected to grow at a rate of -50% annually over the next three years. After that, it is expected that Blockbuster will cease paying dividends forever
What is the fair market price for a share of Blockbuster if shareholders require a return of 12%?
A) $0
B) $1.47
C) $1.61
D) $2.21
E) $2.95
B
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In October 2014, Pollock Company exchanged a used packaging machine having a book value of $240,000 for a new machine and paid a cash difference of $30,000 . The market value of the used packaging machine was determined to be $280,000 . The exchange had commercial substance. In its income statement for the year ended December 31 . 2014, how much gain should Pollock recognize on this exchange?
a. $0 b. $10,000 c. $30,000 d. $40,000
________ is the money that remains after the costs of marketing and operating the business are paid.
A. Account receivable B. Net profit C. Consumer residual D. Dividend E. Contribution margin
Loren Company recently purchased materials from a new supplier at a very attractive price. The materials were found to be of poor quality, and the company's laborers struggled significantly as they shaped the materials into finished product.In a desperation move to make up for some of the time lost, the manufacturing supervisor brought in more-senior employees from another part of the plant.Which of the following variances would have a high probability of arising from this situation?
A. Material price variance, favorable. B. Labor efficiency variance, unfavorable. C. Material quantity variance, unfavorable. D. Labor rate variance, unfavorable. E. All of the answers are correct.
The International Labor Organization is based in:
a. China. b. Brazil. c. the United States. d. Geneva.