In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five years or so, then find the “terminal” stock price using a benchmark pe ratio. suppose a company just paid a dividend of $1.19. the dividends are expected to grow at 14 percent over the next five years. in five years, the estimated payout ratio is 30 percent and the benchmark pe ratio is 21. after five years, the earnings are expected to grow at 7 percent per year. the required return is 14 percent. required: what are the projected dividends for each of the next five years? (do not round intermediate calculations. round your answer to 2 decimal places (e. g.,32.

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

Why is efficiency an important economic goal?