Wilbert's clothing stores just paid a $1.25 annual dividend. the company has a policy whereby the dividend increases by 2% annually. you would like to purchase 100 shares of stock in this firm but realize that you will not have the funds to do so for another three years. if you desire a 12% rate of return, how much should you expect to pay for 100 shares when you can afford to buy this stock? ignore trading costs.
a. $1,040
b. $1,160
c. $1,353
d. $1,766
e. $1,810

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear