The demand for cattle and an increase in railroad construction across the u. S. Contributed most directly to –.

Answers

Answer 1

The amount of land available for ranching in West Texas decreased due to the demand for cattle and a rise in railroad development across the United States.

What exactly do you mean by "Texas ranching"?

Texas has 248,800 farms and ranches totaling 130.2 million acres, making it the state with the highest production of beef cattle in the nation. Cattle ranching contributes to Texas's culture as well as its economy.

What type of ranching is the most successful?

The most profitable and straightforward animal to raise for profit is typically cattle. Simply having adequate pasture, extra hay during the winter, fresh water, immunizations, and lots of space to wander are all that beef cattle need.

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Related Questions

Master Mopeds Inc. has slightly different versions of the same moped for the American, European, and Asian markets. Its employees are grouped into divisions based on the market in which they have been assigned. This is an example of ________ departmentalization.

Answers

Answer:

"Geographical" is the correct answer.

Explanation:

The categorization procedure on something like a land-based foundation. If the consumers of a business are spread geographically, they can combine geographically-based employment, which is considered as Geographical departmentalization.Offerings could be developed to improve user impact on the world by offering customized services throughout a particular nation or location.

T/F: money market accounts, certificates of deposit, bonds and commercial paper are all forms of shortterm investment vehicles.

Answers

True. Money market accounts, certificates of deposit, bonds, and commercial paper are all forms of short-term investment vehicles. These investments typically have maturities of less than one year, and they are considered to be relatively safe and liquid.

Money market accounts are offered by banks and credit unions, and they typically pay higher interest rates than savings accounts. Money market accounts are FDIC or NCUA insured, up to $250,000.

Certificates of deposit (CDs) are also offered by banks and credit unions, and they typically offer higher interest rates than money market accounts. CDs have a fixed maturity date, and you may face penalties if you withdraw your money early.

Bonds are debt securities issued by governments, corporations, or other organizations. Bonds typically have maturities of several years, but there are also short-term bonds that mature in less than one year.

Commercial paper is a type of unsecured debt issued by corporations. Commercial paper typically has maturities of less than 270 days.

All of these investments are considered to be relatively safe, as they are backed by the issuing entity. However, they also offer lower returns than longer-term investments. As a result, short-term investments are typically used for goals that are one year or less away, such as an upcoming vacation or a down payment on a house.

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What is NOT an example of a contract?

Answers

The sentence that do not symbolize  example of a contract is c.A written promise to give your husband a ring for Christmas.

What is a contract?

A contract can be described as the agreement tht is been entered between two or ore parties which is binded under that law of the land and any breech to the agreement by one of the parties that is been involved will attract a penalty.

It should be noted tat out of the give options we can see that the third option is not a contract because it can not be regarded as an agreement.

Therefore, option C is correct.

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Check the complete question:

Which of the following is not an example of a contract?

a. An agreement not to sue someone for negligence in exchange for their promise to pay you a specified amount

b.

A verbal agreement for the sale of a car where neither the money or the car has yet changed hands

c.A written promise to give your husband a ring for Christmas

d. A verbal agreement to work for someone starting next week

How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?

Answers

Answer:

7 years (to the nearest year)

Explanation:

Given that;

A = amount

P= principal

t = time

r = rate

A =3P(given in the question)

Formula for compound interest;

A = P(1 + r)^t

Substituting values;

3P = P(1 + 18/100)^t

3P/P= (1.18)^t

3 = (1.18)^t

log 3 = t log 1.18

t = log 3/log 1.18

t = 0.4771/0.0719

t = 6.6 years

t = 7 years (to the nearest year)

What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate? a. $10.00 b. $21.00 c. $33.10 d. $46.41

Answers

$33.10 is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate.

Compound Interest = Principal (1 + rate )^time - Principal

Where:

P = $100.00

r = 10% or 0.1

t = 3 years

Let plug in the formula

Compound Interest = 100(1 + 0.1)^3 - 100

Compound Interest= 100(1.1)^3 - 100

Compound Interest=100 × 1.331 - 100

Compound Interest= 133.1 - 100

Compound Interest=$33.10

The interest you earn on interest is known as compound interest. This may be demonstrated with simple math: if you have $100 and it earns 5% interest every year, you will have $105 at the end of the first year. You'll have $110.25 by the end of the second year.

When you earn compound interest, the interest you earn on a balance in a savings or investing account is reinvested, earning you even more interest. "Money makes money," as a wise man once stated. And the money that money creates generates more money."

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without any restrictions in a perfectly competitive market if there is a sudden rightward shift in the demand for a good sellers of the good will

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The rightward shift in demand can lead to increased competition among sellers, but those with strong goodwill will be better positioned to capitalize on the increased demand for their product.

Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good, sellers of the good will experience an increase in demand for their product. This will result in an increase in the equilibrium price and quantity of the good. Goodwill is a valuable asset for sellers in a competitive market as it can help to differentiate their product from those of their competitors, and can create a loyal customer base. This can be beneficial for sellers when demand for their product increases, as they can leverage their good will to increase their market share and profitability.

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Provide an example of Red Bull’s promotional material that appeals to its target audience.

Answers

Answer:

Energy

Explanation:

It is important to emphasize benefits in a sales presentation to a prospective buyer because benefits:_______.
a) focus on the psychological reasons of a purchase.
b) fulfill the buyer's needs and motives.
c) fulfill the buyer's economic wants.
d) focus on rational reasons of a purchase.
e) focus on emotional reasons for a purchase.

Answers

Answer:

b) fulfill the buyer's needs and motives.

Explanation:

When the company gives the presentation based on the sales so it should be benefit for the buyer as the company fulfill buyer needs and motives and gains the maximum satisfaction while delivering the goods and services to the consumer

Therefore in the given case, the option B is correct as the company meets the customer needs, wants and motives

Hence, all the other options are wrong

When used together correctly, verbal and nonverbal communication can convey a rich and multilayered communication experience.

A. True
B. False

Answers

It is completely appropriate to mention that verbal and nonverbal communication can convey a rich and multilayered communication experience, when used correctly. Therefore, the option A holds true.

What is the significance of verbal and non-verbal communication?

Verbal communication can be referred to or considered as the form of communication that involves the usage of words to speak and communicate, whereas, non-verbal communication refers to as the use of actions or gestures to communicate.

Therefore, the option A holds true and states regarding the significance of verbal and non-verbal communication.

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Activity 2
Direction: Identify the following records below:
1.
Batch Number
Product Name
Supplier
Results of inspection for**.
Raw material
C
B
A
Write in either 'Pass/Fail or observations on quality
Section Break (Next Page)
8​

Activity 2Direction: Identify the following records below:1.Batch NumberProduct NameSupplierResults of

Answers

search it up or download a app that you can solve it as i di

a, Sketch the effect of technological innovation on Jill's optimal consumption of camera and books, assume the income effect for books are outweighed by the substitution effect. Label the indifference curves, budget constraints, optimal consumption bundles etc.
b, Does the decrease in the price of cameras always give a clear prediction of Jill's consumption of books? Explain in a table or words, the substitution and income effects.
(this is the entire question that was given, word for word)

Answers

To properly answer part (a) of the question, a more detailed description of Jill's preferences, the specific technological innovation, and the initial price and income levels would be necessary.

Additionally, providing a visual representation with indifference curves, budget constraints, and optimal consumption bundles would require specific numerical values and graphical tools.

For part (b), without specific information on Jill's preferences and the magnitude of the price decrease for cameras, it is not possible to provide a clear prediction of Jill's consumption of books. However, we can discuss the potential effects of a decrease in the price of cameras on Jill's consumption of books in general terms.

1. Substitution Effect: The decrease in the price of cameras would make cameras relatively cheaper compared to books. As a result, Jill may substitute some of her book consumption for more camera consumption. The substitution effect would typically lead to a decrease in Jill's consumption of books.

2. Income Effect: The income effect depends on whether Jill considers books to be a normal good or an inferior good. If books are a normal good, a decrease in the price of cameras would increase Jill's real income, allowing her to purchase more of both cameras and books. In this case, the income effect would lead to an increase in Jill's consumption of books. However, if books are considered an inferior good, the income effect would work in the opposite direction, leading to a decrease in Jill's consumption of books.

Overall, the combined effect of the substitution and income effects will determine the direction and magnitude of the change in Jill's consumption of books in response to a decrease in the price of cameras. The relative strength of these effects will depend on Jill's preferences and the specific context of the price decrease.

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according to the ftc, most mergers are ____ . select the two correct answers below. select all that apply: harmful to consumers harmful to businesses beneficial to consumers beneficial to firms

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According to the FTC (Federal Trade Commission), most mergers are generally considered beneficial to consumers and beneficial to firms.

According to the FTC, Federal Trade Commission, most mergers are evaluated on a case-by-case basis to determine if they are beneficial or harmful to competition and consumers. Therefore, the two correct answers would be: harmful to consumers and beneficial to firms. It is important to note that not all mergers are harmful or beneficial, as each merger is unique and requires analysis.

The FTC carefully reviews each merger to determine its potential impact on competition and consumers before making a decision.

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According to the Federal Trade Commission (FTC), most mergers are generally beneficial to consumers and beneficial to firms.

Mergers can lead to increased efficiency, better resource allocation, and cost reductions, which can ultimately result in lower prices and improved products or services for consumers. Furthermore, mergers often provide firms with access to new markets, technologies, and expertise, which can promote growth and innovation.

While there may be cases where mergers can be harmful to consumers or businesses, the FTC carefully reviews proposed mergers to ensure they do not create anti-competitive effects or result in market concentration that could negatively impact consumer welfare. By actively monitoring and enforcing antitrust laws, the FTC aims to protect both consumers and businesses from potential negative consequences of mergers.

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what are soft skills ? Explain them appropriate examples​.

Answers

Soft skills are a set of personal attributes, such as personality traits, attitudes, and social intelligence, that enables an individual to interact effectively and harmoniously with others. These skills are not related to specific knowledge or technical abilities, but rather are related to how an individual interacts with others and approaches their work.

Some soft skills and their examples are:

1. Communication: the ability to effectively convey ideas and thoughts to others.

An employee with strong communication skills will be able to effectively convey their ideas and thoughts to their colleagues and managers.

2. Teamwork: the ability to collaborate effectively with others and contribute to a positive team dynamic.

A team member with strong teamwork skills will be able to collaborate effectively with others and contribute to a positive team dynamic.

3. Problem-solving: the ability to analyze situations and come up with effective solutions.

An individual with strong problem-solving skills will be able to analyze situations and come up with effective solutions.

4. Time management: the ability to prioritize tasks and meet deadlines.

A worker who is skilled in time management will be able to prioritize tasks and meet deadlines.

5. Leadership: the ability to guide and motivate a team to achieve common goals.

A leader with strong leadership skills will be able to guide and motivate their team to achieve common goals.

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What is cold calling?

A. Calling people who have not shown interest in the product and asking them to buy it

B. Performing customer profile surveys over the telephone

C. Calling competitors and pretending to be a potential customer

D. Asking past customers whether they are satisfied with the product

Answers

Answer:

Explanation:

It's A and it is very hard to do. You are talking to someone whom you don't know and interrupting their day when they might be expecting someone important to them to be calling.

The others might be describing something, but it is not cold calling.

D is a survey

C is potentially a hazard. If the competitor ever finds it out, you can be in a pile of trouble.

B might be a cold call. It might be the reason for making a cold call, but you have to define the term more generally.

Your bank gives you 50 points for monthly online bill pay, 50 points for monthly mobile deposits, 100 points per car payment, and 1.5 points per dollar credit card spent. You had monthly credit card charges of $1,400 last month. You earn $75 per 10,000 points. How much in dollars did you earn from points last month.

Answers

Answer: Last month earning = $17.25

Explanation:

a blank identifies a firm's target markets, a related marketing mix, and the bases upon which the firm plans to build a sustainable competitive advantage. multiple choice question. mission statement marketing strategy market statement marketing metric

Answers

Target markets, a corresponding marketing mix, and the foundations on which a company intends to create a long-term competitive advantage are all identified by the bank. Hence option (B) is the correct one

What are Metrics in Marketing?

Marketers can monitor marketing analytics to determine the success of their advertising campaigns. These indicators can show how well your marketing campaigns are influencing people to engage in worthwhile activities.

For marketers, marketing metrics serve as a guide for data collecting and analysis. Depending on the platforms, goals, and campaign types, you should employ different marketing metrics.

The involvement and money generated from each campaign over time will be highlighted in a more subtle way.

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Under what category of expense do manufacturing wages fall?

Answers

Answer:

Direct expenses

Explanation:

Manufacturing expenses are categorized into direct and indirect expenses.

Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.

Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.

A variable can be called or referenced before it has been defined.
O True
O False

Answers

Answer:

True.

Explanation:

a 72-year-old grandfather wants to buy an annuity for his son (age 45) and his grandchild (age 15). which payout option best satisfies the grandfather's intentions? qid: 3570128 mark for review a straight life annuity with 10-year period certain b joint and last survivor life annuity c unit refund life annuity d straight life annuity

Answers

The alternative will be less expensive because there is a premium on the possibility that Brad may pass away within the next few years; as a result, a friend will choose to either take the annuity refund.

Is annuity preferable to a 401(k)?

An annuity guarantees a reimbursement for as as you live, which is another significant distinction. So you can never run out of money, at least not with the majority of annuities. In contrast, a 401(k) can only provide you with the amount of money you have contributed to it, plus any investment gains.

Are annuities a wise investment?

Is Investing in Annuities a Good Idea? For those looking for a steady income stream during retirement, annuities make a sensible investment. Annuities

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all of the following are benefits of scheduling resources before project implementation except question 16 options: it allows time for considering reasonable options if resource constraints do exist. the project completion date can be established. work packages can be time-phased. it allows managers to share resources with other project managers if it is requested without negatively impacting their project. it ensures low network sensitivity.

Answers

The option that is not a benefit of scheduling resources before project implementation is "it ensures low network sensitivity."

Scheduling resources before project implementation has several benefits such as allowing time for considering reasonable options if resource constraints do exist, establishing the project completion date, time-phasing work packages, and sharing resources with other project managers if it is requested without negatively impacting their project. However, ensuring low network sensitivity is not a direct benefit of scheduling resources.

In summary, scheduling resources before project implementation is crucial for effective project management and has several benefits except for ensuring low network sensitivity.

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Which of the following is a risk banks should prepare for?
A.
Falling interest rates
B.
Borrowers who don't pay back loans
C.
Too many people requesting loans
D.
People switching to online transactions

Answers

It’s c because if to many people ask loans and won’t pay back they will go down




Hope this helps

Borrowers who don't pay back loans.

an internal marketing program requires a strong commitment from ________.
a. consumers
b. new hires
c. management
d. one to two employees

Answers

An internal marketing program requires a strong commitment from management. (Option C)

An internal marketing program is designed to promote a company's values, goals, and products or services to its own employees. The aim is to create a sense of pride and commitment among employees, who will then be motivated to provide better customer service and work more productively. For an internal marketing program to be successful, it requires a strong commitment from management. Management must actively support the program, communicate its importance to employees, and ensure that the company's values and goals are being promoted in a consistent and effective manner.

Without management's commitment, the program is unlikely to be successful, as employees will not see it as a priority or may not understand its purpose. Therefore, option c, management, is the correct answer. Option a, consumers, is incorrect because an internal marketing program is aimed at employees, not external customers. Option b, new hires, may be involved in the program, but their commitment alone is not enough to make it successful. Option d, one to two employees, is too small a group to make a significant impact on the success of the program.

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Credit sales 172,000 collections on accounts receivable during the year 170,000 cash sales 818,000 unadjusted debit balance in allowance for doubtful accounts 40 sales returns and allowances for credit sales 2,000 accounts receivable, beginning 14,000.If expected bad debts are estimated to be 1 1/2% of ending accounts receivable, the adjusting entry to recognize bad debts will include a debit to bad debt expense for a) $170 b)$190 c) $250 d) $210

Answers

Answer:

$250  ( C )

Explanation:

using the given data below is the entry

The adjusting entry to recognize bad debts will include a debit to bad debt expense for

 particulars                                                                   amount

Beginning accounts receivable                                                     14000

+ Credit sales made during the year                                             172000

(-) collections from debtors                                                            (170000)

(-) expected salary return & allowances for credit sales               (2000)

Ending accounts receivable                                                          14000

Percentage of bad debt                                                                 1.5%

Total bad debts balance required ( 14000*1.5%)                          210

+ Already debit balance in allowance for doubtful account         40

Total debit to be made in bad debts                                              250

Total debts = total bad debts balance required + already debit balance in all

                  =  210 + 40 = $250

outline 2 advantages to H&H of using secondary market research​

Answers

Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable

A map uses a scale of 1 inch = 30 miles. The distance between various cities on the map are given below. Find the actual distance between the cities

Answers

Using the given scale of 1 inch = 30 miles, we can find the actual distances between cities on the map.

Let's assume the distance between City A and City B on the map is 3 inches. Applying the scale, the actual distance between City A and City B would be 3 inches * 30 miles/inch = 90 miles. If the map scale is 1 inch = 30 miles, then each inch on the map represents 30 miles in reality. By multiplying the measured distance on the map by the scale factor, we can calculate the actual distance between cities. For example, if the map distance between two cities is 3 inches, the actual distance between them would be 90 miles.

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chegg you decide to purchase a house for $450,000 and make a 20% down payment. the bank offers you two different lending options:

Answers

Option 1: The bank offers a fixed-rate mortgage with an interest rate of 4.5% per annum for a term of 30 years.

Option 2: The bank offers an adjustable-rate mortgage (ARM) with an initial interest rate of 3.5% per annum for a term of 5 years, after which the rate can change annually.

The bank offers two different lending options for house purchases, and we will explore them based on the given information.

Option 1: The bank offers a fixed-rate mortgage with an interest rate of 4.5% per annum for a term of 30 years.

To calculate the loan amount, subtract the down payment from the purchase price: $450,000 - (20% * $450,000) = $360,000.

Using the loan amount and the interest rate, we can calculate the monthly mortgage payment using the formula for a fixed-rate mortgage:

M = P * r * (1 + r)^n / ((1 + r)^n - 1),

where M is the monthly mortgage payment, P is the loan amount, r is the monthly interest rate (4.5% / 12 = 0.375%), and n is the number of payments (30 years * 12 months = 360).

Option 2: The bank offers an adjustable-rate mortgage (ARM) with an initial interest rate of 3.5% per annum for a term of 5 years, after which the rate can change annually.

Calculating the loan amount is the same as in Option 1: $450,000 - (20% * $450,000) = $360,000.

Since the interest rate will change after 5 years, we cannot determine the exact monthly mortgage payment for the remaining term.

Based on the given information, we can calculate the monthly mortgage payment for Option 1, but we cannot determine the exact payment for Option 2 beyond the initial 5-year period. It is important to carefully consider the terms and conditions of each lending option, including the potential fluctuation of interest rates, to make an informed decision about which option is most suitable for your financial situation.

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each year, wild caught seafood products are ______ the amount of farmed seafood products.

Answers

Each year, wild caught seafood products are typically surpassed in quantity by farmed seafood products. The global seafood industry has seen a significant shift towards aquaculture or fish farming to meet the growing demand for seafood.  

The practice of aquaculture has gained prominence as a means to sustainably meet the rising demand for seafood. Farmed seafood products are cultivated in controlled environments, where fish and other aquatic organisms are bred and raised. This method allows for a more predictable and controlled supply of seafood. With advancements in aquaculture techniques, the industry has been able to increase production and offer a wide variety of farmed seafood products.

On the other hand, wild caught seafood involves capturing fish and other marine species from their natural habitats through fishing activities. However, factors such as overfishing, habitat degradation, and environmental concerns have led to limitations on wild seafood harvests. Regulatory measures and conservation efforts have been implemented to protect wild fish populations and ensure sustainable fishing practices.

As a result, the production of farmed seafood has surpassed the quantity of wild caught seafood. This trend highlights the importance of aquaculture in meeting the global demand for seafood while addressing concerns related to overfishing and environmental sustainability.

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According to researchers at the Ohio State University leaders who use ( a. team managment style b. employee centered behavior c. initiating structure behavior ) define the leader–subordinate role formally and set clear expectations, but the same leaders can also show (a. consideration behavior b. middle of the road style c. taskorientation) taking a more friendly, supportive approach. In Blake and Mouton’s Leadership Grid, the style labeled (a. participative b. authority compliance c. employee centered) is most similar to the approach of leaders who demonstrate the (a. initiating structure b. consideration c.directive) behavior identified by researchers at the Ohio State University.

Answers

According to researchers at the Ohio State University, leaders who use the initiating structure behavior define the leader-subordinate role formally and set clear expectations, but they can also show consideration behavior by taking a more friendly, supportive approach. The style labeled employee centered in Blake and Mouton's Leadership Grid is most similar to the approach of these leaders.


researchers at the Ohio State University, leaders who use (c. initiating structure behavior) define the leader-subordinate role formally and set clear expectations, but the same leaders can also show (a. consideration behavior) taking a more friendly, supportive approach. In Blake and Mouton's Leadership Grid, the style labeled (a. participative) is most similar to the approach of leaders who demonstrate the (b. consideration) behavior identified by researchers at the Ohio State University.

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having an effective marketing concept usually places primary emphasis on

Answers

An effective marketing concept places primary emphasis on understanding the target market, meeting customer needs, differentiating from competitors, and building strong customer relationships.

An effective marketing concept is crucial for the success of any business. It involves developing a clear understanding of the target market, identifying customer needs and wants, and creating strategies to meet those needs. By placing primary emphasis on an effective marketing concept, businesses can ensure that their products or services are tailored to meet customer demands, leading to increased sales and customer satisfaction.

One of the key benefits of emphasizing an effective marketing concept is the ability to differentiate a business from its competitors. By understanding the target market and customer preferences, businesses can develop unique selling propositions and positioning strategies that set them apart. This helps create a strong brand image and increases the likelihood of customer loyalty.

Moreover, an effective marketing concept allows businesses to identify and capitalize on market opportunities. By continuously monitoring the market and consumer trends, businesses can adapt their marketing strategies to take advantage of emerging opportunities. This flexibility and agility are essential in today's dynamic business environment.

Lastly, an effective marketing concept enables businesses to develop long-term relationships with customers. By understanding customer needs and providing value-added products or services, businesses can build trust and loyalty. This leads to repeat purchases, positive word-of-mouth, and a sustainable customer base.

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(Estimated time allowance: 8 minutes) One Corp, is start-up company and therefore is not paying dividends for the next 5 years. At the following year, One will start paying an annual dividend of $6 per share and thereafter it will increase the dividends by 4% per year forever. If the required rate of return on this stock is 9%, what is the price of this stock today? Do not use the $ sign. Use commas to separate thousands. Use to decimals. Round to the nearest cent. For example if you obtain 51,432.728 then enter 1.432.72: if you obtain $432 then enter 432.00 Answer: 124.8×(77.99)

Answers

The price of a stock today can be determined using the discounted cash flow (DCF) method. In this case, we need to calculate the present value of the future dividends.

First, let's calculate the present value of the dividends that will be paid after 5 years. Since the dividends are growing at a constant rate of 4% per year, we can use the Gordon Growth Model to find the present value of these dividends.

PV = D / (r - g)

Where:
PV = Present Value of Dividends
D = Dividend in the first year = $6
r = Required rate of return = 9%
g = Growth rate of dividends = 4%

Using the formula, we get:

PV = $6 / (0.09 - 0.04)

Simplifying the equation:

PV = $6 / 0.05

PV = $120

Next, we need to calculate the present value of the dividends for the first 5 years. Since there are no dividends paid during this period, the present value is $0.

Finally, we add the present values of the dividends for the first 5 years and the dividends after 5 years:

Price of the stock today = $0 + $120

Therefore, the price of the stock today is $120.

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The price of the stock today is $116.79.

To calculate the price of the stock today, we need to find the present value of all the future dividends that the company will pay.
Step 1: Find the present value of the dividend in year 1. The dividend in year 1 is $6 per share. Since the required rate of return is 9%, we can use the formula for present value:
\(PV = D / (1 + r)^n\)
where PV is the present value, D is the dividend, r is the required rate of return, and n is the number of years.
PV1 = $6 / \((1 + 0.09)^1\) = $5.50
Step 2: Find the present value of the dividends from year 2 onwards. The dividends will increase by 4% each year. We can use the formula for the present value of a growing perpetuity:
PV = D / (r - g)
there PV is the present value, D is the dividend, r is the required rate of return, and g is the growth rate of the dividends.
PV2 = $6 / (0.09 - 0.04) = $120
Step 3: Find the present value of all the future dividends. Since the dividends will continue forever, we have an infinite series of dividends. We can use the formula for the present value of an infinite series:
PV = PV1 + PV2 / \((1 + r)^2\)
PV = $5.50 + $120 / \((1 + 0.09)^2\) = $116.79
Step 4: Calculate the price of the stock today. The price of the stock today is equal to the present value of all the future dividends.
Price = PV = $116.79

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