Graffiti Advertising, Inc. , reported the following financial statements for the last two years. (Enter your answer as directed, but do not round intermediate calculations. )

2014 Income Statement

Sales $ 573,700

Costs of goods sold 273,940

Selling & administrative 124,716

Depreciation 54,559

EBIT $ 120,485

Interest 19,670

EBT $ 100,815

Taxes 40,326

Net income $ 60,489

Dividends $ 11,300

Addition to retained earnings $ 49,189

GRAFFITI ADVERTISING, INC.

Balance Sheet as of December 31, 2013

Cash $ 13,490 Accounts payable $ 9,487

Accounts receivable 18,977 Notes payable 14,491

Inventory 13,811 Current liabilities $ 23,978

Current assets $ 46,278 Long-term debt $ 135,440

Net fixed assets $ 344,936 Owner's equity $ 231,796

Total assets $ 391,214 Total liabilities and owners’ equity $ 391,214

GRAFFITI ADVERTISING, INC.

Balance Sheet as of December 31, 2014

Cash $ 14,476 Accounts payable $ 10,529

Accounts receivable 21,082 Notes payable 16,483

Inventory 22,771 Current liabilities $ 27,012

Current assets $ 58,329 Long-term debt $ 153,700

Net fixed assets $ 406,294 Owner's equity $ 283,911

Total assets $ 464,623 Total liabilities and owners’ equity $ 464,623

Requirement 1:

Calculate the operating cash flow.

Operating cash flow $

Requirement 2:

Calculate the change in net working capital.

Change in net working capital $

Requirement 3:

Calculate the net capital spending.

Net capital spending $

Requirement 4:

Calculate the cash flow from assets. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. )

Cash flow from assets $

Requirement 5:

Calculate the cash flow to creditors.

Cash flow to creditors $

Requirement 6:

Calculate the cash flow to stockholders. (Negative amount should be indicated by a minus sign. )

Cash flow to stockholders $

In this case, the terms to be used are: counter-controlled iteration, control variable, increment (or decrement), and condition that tests for the final value of the control variable. (option d)

The correct answer to the given question is that counter-controlled iteration requires all of the above, which means that it requires a control variable, an initial value, an increment (or decrement), and a condition that tests for the final value of the control variable.

An experimental component that remains constant and unaltered during the course of an investigation is known as a covariate in science.

The heat can be categorised as a covariate in an investigation to track a plant's growth if it is managed throughout the trial. The light intensity, the length of the experiment, the quantity of water, and the plant's pot are other examples of covariate.

To know more about control variable visit:

https://brainly.com/question/19491183

#SPJ11

Complete question: Counter-controlled iteration requires

a) a control variable increment (or decrement)

b) a condition that tests for the final value of the control variable

c) a control variable and initial value

d) all of the above.

a) The null hypothesis (H0) and alternative hypothesis (H1) are as follows:
H0: The mean cost of childcare per month in the city is <= $1000.
H1: The mean cost of childcare per month in the city is > $1000.

b) In context, a Type I error occurs when the city officials reject the null hypothesis when it is actually true. This means they would conclude that the childcare costs are too high and subsidize them, even though the actual costs are <= $1000.

c) In context, a Type II error occurs when the city officials fail to reject the null hypothesis when it is actually false. This means they would not subsidize the childcare costs even though the actual costs are > $1000, and parents may have to work longer hours or take second jobs.

d) For the city officials, a Type I error may be considered worse. This is because they would be providing subsidies when they are not needed, resulting in an unnecessary expenditure of public funds. A Type II error would result in financial strain for parents but would not directly impact the city's budget.

However, the priorities of the city officials may vary, and some may consider the well-being of the residents more important, making a Type II error worse in their perspective.

To know more about null hypothesis , refer here

https://brainly.com/question/28920252#

#SPJ11

The division's EBITDA margin is 55.6%, which is closest to option (b).

The EBITDA Margin is a financial ratio that compares a company's earnings before interest, taxes, depreciation, and amortization (EBITDA) to its net revenue. In other words, the EBITDA margin represents a company's earnings before accounting for interest, taxes, depreciation, and amortization as a percentage of its revenue.

The EBITDA Margin can be calculated by using the following formula:

EBITDA Margin = EBITDA / Revenue

The formula to calculate EBITDA is: EBITDA = Operating Income + Depreciation + Amortization(1)

EBITDA = $18,112 + $5,000 + $1,422= $24,534(2)

EBITDA Margin = (EBITDA / Revenue) x 100

= ($24,534 / $44,140) x 100

= 55.6%

Therefore, the division's EBITDA margin is 55.6%, which is closest to option (b).

To learn more about the EBITDA Margin, visit: https://brainly.com/question/29452223

#SPJ11

The demand for loanable funds in this economy will increase based on the change in part (a).

When the price level increases, the real value of money decreases. This means that the cost of borrowing money becomes cheaper, so people are more willing to borrow funds and invest in projects with higher returns. This increases the demand for loanable funds in the economy.

Additionally, when the real value of money decreases, it becomes more attractive to save money in the form of deposits rather than in physical goods or other assets. This further increases the demand for loanable funds as more people will be seeking to borrow money to finance their investments.

To know more about loanable funds click on below link:

https://brainly.com/question/15851247#

#SPJ11

The ending long-term debt account balance on the company's balance sheet is $45,745.

At the beginning of the year, Shinedown Corporation had a long-term debt balance of $47,380. During the year, the company repaid a long-term loan in the amount of $13,505 and paid $5,270 in interest. Additionally, the company opened a new long-term loan for $11,870.

To calculate the ending long-term debt account balance, we must subtract the loan repayment of $13,505 from the beginning balance of $47,380 and add the new loan of $11,870.

Ending long-term debt account balance = $47,380 - $13,505 + $11,870 = $45,745

Therefore, the ending long-term debt account balance on the company's balance sheet is $45,745.

To know more about  long-term debt:

https://brainly.com/question/13637203

#SPJ11

Derrick would be better off investing in the municipal bond. If the interest rate on the corporate bond is lower than 3.88%.

After-tax yield = pre-tax yield x (1 - marginal tax rate)

Let x be the interest rate on the corporate bond.

For the municipal bond, the after-tax yield is:

3.88% x (1 - 0.20) = 3.10%

For the corporate bond, the after-tax yield is:

x x (1 - 0.20) = 3.10%

Solving for x:

x = 3.10% / (1 - 0.20) = 3.88%.

A corporate bond is a debt security issued by a corporation to raise capital from investors. It represents a promise by the corporation to pay back the principal amount plus interest over a specified period of time. Corporate bonds are typically issued to finance capital expenditures, acquisitions, or refinance existing debt.

Corporate bonds are generally classified into investment-grade and non-investment-grade (or high-yield) categories based on the issuer's credit rating. Investment-grade bonds are issued by companies with strong credit ratings and offer lower interest rates, while high-yield bonds are issued by companies with weaker credit ratings and offer higher interest rates to compensate investors for the higher risk.

To learn more about Corporate bonds visit here:

brainly.com/question/14531325

#SPJ4

The correct option is A, Conversion costs do not include direct materials.

Conversion costs refer to the expenses incurred during the manufacturing process to convert raw materials into finished products. These costs are incurred after the raw materials have been acquired and include all direct and indirect costs associated with the manufacturing process, such as labor, utilities, equipment maintenance, and overhead costs.

The direct costs of conversion include the wages and salaries of production employees, as well as any benefits and payroll taxes associated with their employment. Indirect costs, on the other hand, include expenses such as utilities, rent, insurance, and depreciation of equipment used in the manufacturing process. Conversion costs are important to consider when determining the total cost of production, as they can have a significant impact on the overall profitability of a business.

To learn more about Conversion costs visit here:

brainly.com/question/17061981

#SPJ4

Complete Question:

Conversion costs do not include:

multiple choice

A). direct materials.

B). indirect labor.

C). indirect materials.

D). direct labor.

The real cost of a gallon of gasoline between 1972 and 2020 is 6.2 times higher. To explain this, we must consider the concept of "real cost" and the Consumer Price Index (CPI).

Real cost is the amount of money a consumer must spend to buy a good or service adjusted for inflation. Inflation is the general increase in the prices of goods and services over time. This means that, over time, the same good or service may cost more because of inflation.

The CPI is an index used to measure the average change in the price of a basket of goods and services over a certain period of time. It is used to measure changes in the cost of living and provides a measure of inflation.

Using the CPI from 1972 and 2020, we can calculate the real cost of a gallon of gasoline between these two years. In 1972, the price of a gallon of gasoline was $0.35 and the CPI equaled 41.8. In 2020, the price of a gallon of gasoline is $2.15 and the CPI equaled 257.

Using the formula (2020 CPI - 1972 CPI) / 1972 CPI, we can calculate the real cost of a gallon of gasoline between 1972 and 2020. The calculation yields 6.2, meaning the real cost of a gallon of gasoline between 1972 and 2020 is 6.2 times higher.

To know more about real cost, refer here:

https://brainly.com/question/19166422#
#SPJ11

"Negotiation with all five members of a buying center consumes a great deal of time and effort, and the marketing firm has no guarantee they will be selected." is one of the major challenges.

Buying centers are groups of individuals who are involved in the purchasing decision-making process of a business organization.

These individuals often have different needs, preferences, and priorities, which can make it difficult for a marketing firm to negotiate with all of them effectively.

In addition, since the buying center is often assembled for a specific purpose and is not a regular team, decision-making can be unorganized and difficult to manage.

Finally, if a firm is not chosen for a purchase, it can be challenging to compete again, as the buying center is a permanent group within the firm.

To know more about Negotiation visit:

https://brainly.com/question/29442691

#SPJ11

Complete question: Which of the following is one of the major challenges in business-to-business marketing in working with a buying center?

a) As a permanent group within the firm, if a firm is not chosen for a purchase, the firm will find it difficult to compete again.

b) Each of the members of the buying center has organizational needs, and these needs may conflict with each other.

c) As buying centers are assembled for a specific purpose and is not a regular team, decision-making is often unorganized and difficult to manage.

d) Negotiating with all five members of a buying center consumes a great deal of time and effort, and the marketing firm has no guarantee they will be selected.

A segmentation strategy requires that a company "customize its products."

Segmentation is a marketing strategy that involves dividing a larger market into smaller groups, or segments, of consumers who have similar needs or characteristics.

Once these segments have been identified, the company can then develop customized marketing strategies and product offerings that are tailored to the specific needs and preferences of each segment.

Customization is a key aspect of a segmentation strategy because it allows the company to create products that meet the unique needs of each segment. This can include different product features, pricing strategies, and marketing messages.

By customizing its products, a company can better differentiate itself from competitors and create a more loyal customer base.

Learn more about segmentation strategy here:

https://brainly.com/question/5545577

#SPJ11

Answer: B: Active

Explanation: The fact that the word "Will" is in the sentence makes it an active voice.

The sentence "Refreshments will be served" uses the passive voice. Option A is correct.

The sentence is in the passive voice because the subject "refreshments" is being acted upon by the verb "served". In the passive voice, the focus is on the recipient of the action rather than the doer of the action. In this case, the sentence is emphasizing that refreshments will be provided to the guests rather than who will be providing the refreshments.

In contrast, if the sentence were in the active voice, it would be written as "We will serve refreshments", where the emphasis is on the doer of the action.

Learn more about passive voice https://brainly.com/question/25897080

#SPJ11

Praise from a boss is an exceptional motivator that can provide intrinsic outcomes. Praise from a boss can encourage employees to strive for excellence and go beyond their comfort zones to reach new heights of performance.

Praise can lead to feelings of appreciation, recognition, and accomplishment. It can also give employees a sense of self-satisfaction, pride, and a sense of accomplishment that can last for a long time. Praise from a boss can also give employees a boost in morale and performance, leading to better team dynamics and increased productivity. Ultimately, praise from a boss can help create a culture of trust, loyalty, and respect among employees, leading to improved employee engagement, motivation, and satisfaction.

To know more about employees:

https://brainly.com/question/21847040

#SPJ11

Yes, allowing employees to eat the food for free may motivate them, as it is a form of reward that is likely to increase their job satisfaction, and therefore their motivation.

There are several reasons why this may be the case, such as:

Learn more about theory of motivation at https://brainly.com/question/30691994

#SPJ11

The statement is completed as: The expense associated with the estimate of the amount of accounts receivable that may not be collected during the year is referred to as bad debt expense.

Accounts receivable is a type of current asset account that firms maintain on their balance sheets to track money that their customers owe them for goods or services supplied. These receivables are documented as invoices that represent what customers owe and are kept track of using accounting systems.

Bad debt expense is an expense that arises when a customer who owes a business money does not pay it back. This is accounted for by lowering the value of accounts receivable on the balance sheet, effectively acknowledging that some customers will not pay what they owe.

See more about bad debt expense at https://brainly.com/question/29414667.

#SPJ11

The third party in this scenario is Elizabeth, who lives behind the church.

Elizabeth is negatively affected by the loud music that Albert and Betty hired Christine and David to play at their wedding.

Elizabeth cannot study because of the loud music, which is why she is considered a third party in this scenario.

Elizabeth is an example of a third party in this scenario because she is negatively affected by the music Albert and Betty have hired Christine and David to play. While Albert and Betty are benefitting from the music, Elizabeth is unable to study or concentrate because of the noise.

She is not being compensated or otherwise involved in the agreement between Albert and Betty and Christine and David, and her involvement is limited to her being negatively impacted by the loud music. This makes Elizabeth a third party in this scenario.

To know more about Elizabeth click on below link:

https://brainly.com/question/7068620#

#SPJ11

The curve that appears to be the average total cost curve is the U-shaped curve. Let's find out the relationship between average total cost and marginal cost. As the ATC rises, the MC cuts through it.

What is average total cost (ATC)?The average total cost (ATC) is the total cost per unit of output that a firm experiences, computed as follows: ATC = TC / Q.

The average total cost of producing a given quantity of output is the sum of total fixed costs and total variable costs divided by the output quantity. Marginal cost, on the other hand, refers to the increase in total cost as output rises by one unit. The marginal cost of producing the next unit of output is the marginal cost. MC = ΔTC / ΔQ or the derivative of the total cost function, TC, with respect to output.

The curve for marginal cost typically intersects the average total cost and average variable cost curves at their lowest points. The U-shaped curve is the average total cost (ATC) curve. As production expands, both average fixed cost (AFC) and average variable cost (AVC) tend to decline, leading to the formation of the U-shaped ATC curve. Here's a graph of average total cost and marginal cost:

Figure Explanation: The U-shaped curve on the graph represents the average total cost (ATC) curve, whereas the MC curve represents the marginal cost curve. As the level of production increases, the ATC curve falls to a low point and then rises. As the ATC rises, the MC cuts through it.

To know more about U-shaped curve  refer here :

https://brainly.com/question/13131242#

#SPJ11

The first step in the development of a business continuity plan that a company should initiate is to conduct a C: Business Impact Analysis (BIA).

A BIA is a systematic process that identifies and evaluates the potential impacts of an interruption to critical business operations. By conducting a BIA, a company can determine the resources required to maintain essential business functions during a disruption and identify critical personnel, recovery procedures, and an emergency contact list.

Once a BIA has been completed, a company can develop recovery procedures that are tailored to its specific needs and priorities.

Therefore, C: Business Impact Analysis (BIA) is the correct answer.

You can learn more about business continuity at

https://brainly.com/question/14570919

#SPJ11

The federal reserve can be considered as the one which is known was to be option D. created in 1913.

Federal Reserve is the central bank of the United States, not Canada. The central bank of Canada is called the Bank of Canada. Both institutions are responsible for managing monetary policy in their respective countries, but they operate independently and have different mandates and structures.

The Federal Reserve was created by the U.S. Congress in 1913 to provide the nation with a stable and flexible monetary and financial system, while the Bank of Canada was established in 1934 to "promote the economic and financial well-being of Canada."

Learn more about federal reserve at:

https://brainly.com/question/27217598

#SPJ1

The relevant unit cost (in dollars) for determining the minimum selling price for the 500 leftover units would depend on the total cost of producing all the units and the total number of units produced.

To determine the relevant unit cost in dollars, you need to divide the total cost by the total number of units. The formula to calculate unit cost is:

Total Cost / Total Number of Units = Unit Cost

For example, if the total cost of producing 1,000 units is $10,000, then the unit cost would be $10,000 / 1,000 = $10 per unit.

To determine the minimum selling price for the 500 leftover units, you need to add a profit margin to the unit cost. The formula to calculate minimum selling price is:

Minimum Selling Price = Unit Cost + Profit Margin

For example, if the unit cost is $10 and the desired profit margin is 20%, then the minimum selling price would be:

$10 + ($10 x 0.20) = $12 per unit

Therefore, the relevant unit cost (in dollars) for determining the minimum selling price for the 500 leftover units would depend on the total cost of producing all the units and the total number of units produced.

To learn more about total cost, refer below:

https://brainly.com/question/28652728

#SPJ11

It is important for an entry-level designer to present their portfolio to potential employers because it provides evidence of their skills and experience, demonstrates their creativity and design abilities, and can help them stand out among other candidates.

This can help them land a job in a competitive field. A portfolio is a collection of work samples that demonstrates an individual's skills, abilities, and achievements. It is a visual representation of one's work that showcases their talents, experience, and style. In the design industry, portfolios are especially important, as they provide evidence of a designer's capabilities and can help them land their first job.

Here are the reasons why it is important for an entry-level designer to present their portfolio to potential employers:

1. It provides evidence of their skills and experience.

2. Demonstrates their creativity and design abilities.

3. Helps them stand out among other candidates.

4. It shows that they are serious about their career and have invested time and effort into building their skills and experience.

5. It gives potential employers a sense of what they can expect from the designer and helps them evaluate their suitability for the job.

6. It can help them land a job in a competitive field.

In conclusion, presenting a portfolio is crucial for entry-level designers as it can help them secure a job by showcasing their skills, creativity, and experience. It can help them stand out among other candidates and give them a competitive edge.

Learn more about portfolio importance https://brainly.com/question/27765448

#SPJ11

If the price of a good does not take into account all of the benefits of its purchase, the equilibrium price will be too low, and the equilibrium quantity will be too low.

Equilibrium price is the price at which the quantity demanded of a good is equal to the quantity supplied of that good. This implies that the equilibrium price is the price at which the market is in equilibrium. It is the price at which both buyers and sellers are satisfied with their transactions.

Equilibrium quantity is the quantity of a good that is bought and sold at the equilibrium price. It is the quantity demanded and supplied at the equilibrium price, and it is the level of output that the market has determined to be optimal or efficient. The equilibrium quantity is the quantity at which there is no excess demand or excess supply in the market.

To learn more about equilibrium: https://brainly.com/question/16989820

#SPJ11

The money you save on taxes is one of the most potent benefits of having a 401(k). Before taxes are removed from your paycheck, your 401(k) contributions are deducted. As a result, you have a lower gross income and pay less income tax.

Both pension plans and 401(k) plans have advantages and disadvantages, and certain investors may be better suited to one over the other. Pension plans are often a preferable option for investors who want to ensure a steady stream of income after retirement. Yet, there is an added risk as your company is in charge of administering the pension plan. For investors who seek more control over their retirement plan without an income guarantee, a 401(k) may be the better option (k).

In fact, you are allowed to have both a 401(k) and a pension plan at the same time. While it's more likely that you only have one active pension plan with your current company, the most common case is having a pension plan for which you have vested from a previous job. In this case, you may make contributions to your 401(k) and know what your pension benefits will be when you retire (ignoring any underlying changes to the plan).

Learn more about 401(k) plans: https://brainly.com/question/27159207

#SPJ1

Business ethics deals primarily with moral obligation.

Business ethics deals primarily with moral obligation. Moral obligation refers to the obligation that an individual or company has to behave in a moral manner that is justifiable from a moral point of view.

For example, an individual has a moral obligation, to tell the truth, respect the privacy of others, and not harm others or their property.

Business ethics refers to the application of moral principles in the business world. It is a wide concept that encompasses all aspects of business conduct, from the way a business deals with its employees, customers, and suppliers to the way it interacts with the environment and society as a whole.

Therefore, it is clear that business ethics deals primarily with moral obligation. Business ethics requires businesses to consider their moral obligation when making decisions and conducting business. By doing so, businesses can maintain their reputation, attract customers, and create a loyal customer base.

to know more about moral obligation refer here:

https://brainly.com/question/28388219#

#SPJ11

The statement which is incorrect about federal fund rate is financial market participants view changes in the federal funds rate as an indicator of potential changes in other money market rates. The correct option is option A.

It is the interest that is targeted and set by the central bank. It is the interest rate in which the federal reserve charges on loans that it provides to commercial banks. The federal reserve adjusts the amount of funds in depository institutions in order to influence the federal funds rate. It is the rate charged by financial institutions on loans they extend to each other. Commercial banks are the most active participants in the federal funds market.

Learn more about Federal fund rate here

https://brainly.com/question/14968110

#SPJ1

The market development index is equal to the ratio of market growth demand and market potential.

The Market Development Index (MDI) is a score that assesses a given market's potential to attract investment and increase its economic growth. MDI is utilized to evaluate emerging markets' attractiveness to international investors, as well as to assess the development of a nation's market. The MDI score is arrived at using a range of indicators, including economic indicators, infrastructure, regulatory and political environment, and investment climate.

The Market Development Index is calculated as a ratio of the potential market size to the actual market size. The potential market size is determined by studying the existing market size, the total number of households, and the growth rate of new markets. The actual market size, on the other hand, is determined by calculating the number of households that are currently buying the goods or services. The MDI ranges from zero to one, with a score of one indicating that the market's potential is fully utilized.

Therefore, the correct option is Market developmental index is ratio of market demand and market potential.

Learn more about "Market Development Index (MDI)"; https://brainly.com/question/14636410

#SPJ11

The final statement "the supply curve will shift to the left" is incorrect.

If the market for a good is initially in equilibrium and there is a rightward shift of the demand curve, then the supply curve will also shift to the right. This will lead to a rightward movement along the supply curve.

This is because an increase in demand for a good leads to an increase in supply for that good. The equilibrium price will rise as a result of this shift, but the equilibrium quantity will also increase. Therefore, the statement "the equilibrium price will fall" is incorrect.

The demand curve will not shift back as consumers react to the higher equilibrium price. The equilibrium price will remain higher as a result of the rightward shift of the demand curve.

An increase in the supply of a good will cause the supply curve to shift to the right, while an increase in the demand for a good will cause the demand curve to shift to the right. The intersection of the supply and demand curves determines the equilibrium price and quantity for a good.

If the supply curve shifts to the left, the equilibrium price will rise, and the equilibrium quantity will decrease. Therefore, the statement "the supply curve will shift to the left" is incorrect.

To know more about equilibrium refer here:

https://brainly.com/question/30807709#

#SPJ11

According to Edna Bonacich, a split labor market is a market where different groups of workers are paid differently due to their racial, ethnic, or linguistic background. This creates a hierarchy among workers, where one group is considered to be of higher value than the other.

This creates a situation of conflict between the different groups of workers, which can lead to racial tensions, discrimination, and ultimately, the exploitation of the lower-paid group. The impact of this on workers belonging to a particular race or ethnicity is that they face a higher risk of unemployment, underemployment, or lower wages than the dominant group in the labor market.

This results in a situation of economic inequality, where the social and economic status of the underprivileged group is negatively affected. The existence of a split labor market perpetuates racism and discrimination in the labor market, and this has a negative impact on society as a whole.

It leads to social exclusion, which in turn creates a vicious cycle of poverty and economic disadvantage for the underprivileged group. This is why many organizations and policymakers work towards addressing the problem of a split labor market by promoting diversity, inclusion, and equal opportunities for all workers.

The split labor market is a social issue that requires attention, intervention, and action from policymakers, organizations, and society as a whole. The promotion of diversity, inclusion, and equal opportunities can create a more equitable and just labor market that benefits all workers, regardless of their race or ethnicity.

To learn more about split labor market here:

https://brainly.com/question/14329311#

#SPJ4

The net benefit, or profit, of the soccer game after you hear about the baseball game but have already purchased the nonrefundable soccer game ticket is zero.

Since you already purchased the nonrefundable soccer ticket, there is no way to recoup your money and the only benefit from attending the soccer game is the experience of attending it.  
On the other hand, the net benefit of the baseball game is what you can gain from the game minus any expenses associated with it. If you purchase a ticket to the baseball game, the benefit would be the entertainment, the food, and any other amenities associated with the game, less the cost of the ticket and any additional expenses. Therefore, the net benefit is zero.

For more such questions on Game.

https://brainly.com/question/8891475#

#SPJ11

The value which would be placed on this stock would be $34.83.

XYZ Corp. is a company that just paid an annual dividend of $3 per share on its common stock. An annual dividend is the amount of money that an organization pays out to its shareholders at the end of the fiscal year based on its earnings.

Steps for calculating the value of a stock that pays a dividend:

Dividend at the end of the first year = D1 = D0 (1 + g) = $3 x (1 + 0.10) = $3.30

Dividend at the end of the second year = D2 = D1 (1 + g) = $3.30 x (1 + 0.10) = $3.63

Dividend after the second year is expected to grow at a rate of 6%.

So, dividend after the second year and forever = D2 (1 + g2) / (k - g2) = $3.63 (1 + 0.06) / (0.10 - 0.06) = $3.63 x 1.06 / 0.04 = $96.76

Present value of expected dividends at the end of the second year = Present Value (PV) of D2 = $3.63 / (1 + 0.10) ^ 2 = $2.95

PV of the infinite stream of dividends = PV of D2 x (1 + g2) / (k - g2) = $2.95 x (1 + 0.06) / (0.10 - 0.06) = $100.07

Value of stock = PV of D1 + PV of D2 + PV of the infinite stream of dividends = $3.30 / (1 + 0.10) + $2.95 / (1 + 0.10) ^ 2 + $100.07 = $34.83

To know more about stock, click on the link below:

https://brainly.com/question/29992015#

#SPJ11

The features on the list are examples of criteria.

Criteria are the standards or characteristics that someone uses to make a decision or evaluate something. In this case, the list of features are criteria that the person has determined to help them decide on which house to buy.

Criteria refers to a set of standards or rules that are used to evaluate or judge something. These standards can be based on various factors, such as quality, quantity, efficiency, effectiveness, safety, or performance. Criteria are commonly used in decision-making processes, assessments, evaluations, and performance appraisals to determine the suitability, acceptability, or value of a particular object, product, service, or behavior. The use of clear and objective criteria helps to ensure consistency, fairness, and transparency in the evaluation process.

Learn more about criteria: https://brainly.com/question/30552897

#SPJ11