Cyberdyne Systems just paid a dividend of $1.32 on its common stock, and the next dividend will be paid one year from now. You require a return of 6%
What is the market price of this stock if dividends are paid annually in perpetuity and grow at the rate of 2.62% per year forever?
A) $15.31
B) $15.71
C) $22.58
D) $39.05
E) $40.08
E
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Phelps Company manufactures custom-designed filtering equipment for swimming pools and tanks. In May 2014, the company had sales of $895,000 and incurred the following costs of quality: Product design costs $ 8,600 Product recall costs 5,200 Product simulation costs 13,500 Product testing costs 3,500 Product warranty claims 2,000 Scrap and rework costs 3,000 The total costs of quality as a
percentage of sales were A) 3.5% B) 4.0% C) 4.5% D) 5.0%
After 1 month on the job, Tanner was fired for not learning the job fast enough. His employer can do this easily under a(n) ______.
A. code of conduct B. employment monitoring C. contract D. orientation period
If a company has a quick ratio of 1.0 and a current ratio of 2.0, then:
A. the value of current assets is equal to the value of inventory. B. the value of current assets is equal to the value of current liabilities. C. the value of current liabilities is more than the value of current assets. D. the value of current liabilities is equal to the value of inventory. E. the value of inventory is more than the value of current assets.
The grapevine can be managed in several ways. Describe the different ways using examples.
What will be an ideal response?