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slega
11 days ago
3

You own 50 shares in a major corporation stock valued at $128 per share. This stock gained 12% in value last year. Assuming the

stock will continue to grow at the same rate over the next 5 years, calculate the value of the stock per share in the 5th year.
Business
1 answer:
Nady [1.3K]11 days ago
0 0

Answer:

  • $225.58

Explanation:

The stock's growth represents annual compounded interest: its value is expected to increase by the same rate over the next five years, meaning that its value will be multiplied by 1 + 0.12 = 1.12 each year.

After the completion of year 5, the stock will have multiplied in value by (1.12)⁵:

Value=\$128\times 1.12^5\approx\$128\times 1.76234=\$225.58

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The specific collection of values, norms, beliefs, and attitudes shared by people and groups in a company is commonly referred t
arsen [1446]

Response:

C. organizational culture

Clarification:

Organizational culture encompasses the values, philosophies, and aspirations of a company that steer its members’ behaviors. Culture is reflected in how members interact internally and communicate externally. It is founded on shared beliefs, attitudes, customs, and both documented and unwritten rules that have evolved over time.

This culture is exhibited through various aspects, such as modes of communication, messages circulated internally, behavior of leaders, and company celebrations. To summarize, organizational culture is the distinctive manner in which an organization operates.

8 0
4 days ago
Please write out, step-by-step, how you obtained the correct answer for this math problem.
stepan [1382]

Answer:

The answer is "$7,630".

Explanation:

If we take into account that there are four weeks in a month, then

Joe's earnings can be calculated as:

= 23.50\times 40\times 4

= 3,760 ($)

Zola's earnings can be calculated as:

= 21.50\times (40+5)\times 4

= 21.50\times 45\times 4

= 3,870 ($)

Thus,

The total gross monthly income would be:

= Jose's \ income+Zola's \ income

= 3,760+3,870

= 7,630 ($)

3 0
2 days ago
A foundation was endowed with $15,000,000 in July 2010. In July 2014, $5,000,000 was expended for facilities, and it was decided
marusya05 [1490]

Answer:

$2,274,639.75

Explanation:

The endowment as of July 2010 was $15,000,000

Endowment value by July 2014 = $15,000,000 (1+0.05)^4 - Facility expenditures

= $15,000,000 (1.2155) - $5,000,000

= $18,232,500 - $5,000,000

= $13,232,500

Funds reserved for operational expenses = $250,000/0.05 = $5,000,000

Available funds for capital replacement = $13,232,500 - $5,000,000 = $8,232,500

Effective interest rate over 5 years = (1+0.05)^5 - 1 = 0.2763

Annual capital replacement funds every fifth year indefinitely = $8,232,500 (0.2763) = $2,274,639.75

8 0
6 days ago
You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. You curre
arsen [1446]

Answer:

The total required amount is $7,056.46

Explanation:

Given the following details:

You aim to accumulate enough savings to produce an annual cash flow of $55,000 for 25 years during retirement. How much should you save each year, assuming a return of 7.5 percent on your savings?

Final value = 55,000 * 25 = 1,375,000

Using the formula: FV = {A*[(1+i)^n-1]}/i

A represents the annual contribution.

To isolate A:

A = (FV*i)/{[(1+i)^n]-1}

A = (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46

5 0
5 days ago
A manufacturer of plastic canoes and fiberglass kayaks is experiencing an increase in the price of kayaks in the marketplace, wh
harina [1398]

Answer:

An increase in the price of soccer balls.

Explanation:

Soccer balls consist of polyethylene and materials derived from petroleum. An escalation in oil prices will directly raise the costs of soccer balls since the expense of the raw materials has increased.

Kayaks also utilize materials sourced from oil, which is why their prices are on the rise too.

There's a direct correlation between soccer balls and kayaks because both rely on oil for their production.

8 0
11 days ago
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