The Club Auto Parts company has just recently been organized. It is expected to experience no growth for the next 2 years as it identifies its markets and acquires inventory. However, Club will grow at an annual rate of 5% in the third year and beginning with the fourth year should attain a 10% growth rate which it will sustain thereafter. The first dividend (d1) to be paid at the end of the first year is expected to be $.50 per share. Investors require a 15% rate of return on clubs stock. What will club's stock price be at the end of the first year?a. $5.00b. $8.76c. $9.56d. $12.43e. $15.00

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Taking commercial paper means the holder acts honestly