Empire Electric Company (EEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of rd = 11% as long as it finances at its target capital structure, which calls for 45% debt and 55% common equity. Its last dividend (D0) was $3.20, its expected constant growth rate is 3%, and its common stock sells for $27. EEC's tax rate is 40%. Two projects are available: Project A has a rate of return of 15%, and Project B's return is 8%. These two projects are equally risky and about as risky as the firm's existing assets.

1. What is its cost of common equity? Round your answer to two decimal places. Do not round your intermediate calculations.

The project's standard deviation is $26.90. To calculate the project's standard deviation, we need to use the weighted average formula for standard deviation.

To calculate the project's standard deviation, we need to use the weighted average formula for standard deviation. The formula is as follows:

Standard Deviation = √[∑(Probability × (NPV - Mean NPV)^2)]

First, we calculate the mean NPV by multiplying each NPV by its corresponding probability and summing the results:

Mean NPV = (0.1 × (-60)) + (0.15 × (-25)) + (0.5 × 15) + (0.2 × 25) + (0.05 × 32) = -6 + (-3.75) + 7.5 + 5 + 1.6 = 4.35 million

Next, we calculate the variance using the formula:

Variance = ∑(Probability × (NPV - Mean NPV)^2)

Variance = (0.1 ×\((-60 - 4.35)^2)\) + (0.15 × \((-25 - 4.35)^2)\)+ (0.5 × \((15 - 4.35)^2)\) + (0.2 × \((25 - 4.35)^2)\) + (0.05 × \((32 - 4.35)^2)\) = 4755.5625

Finally, the standard deviation is the square root of the variance:

Standard Deviation = √4755.5625 ≈ 26.90

Therefore, the project's standard deviation is $26.90.

Learn more about standard deviation  here:

brainly.com/question/9022955

#SPJ11

Under the Statue of Frauds, the agreement between Duane and Evans is not enforceable.

The Statue of Frauds is a law that posits that agreements that are valued at over $500 should be written down in order for them to be enforceable.

The land sale here was for forty acres of land which is definitely valued at more than $500. Seeing as the agreement was oral, it is in violation of the Statue of Frauds which means that it cannot be enforced.

Find out more on the Statue of Frauds at https://brainly.com/question/17127149.

Answer: Your answer is d. improves the productivity of all factors.

Hope this helps!

Answer:

B

Explanation:

took it on edge2020 :)

When it comes to scannable resumes, it is not recommended that you b. Use special characters like italics and underlining.

Because they are to be scannable, they are not to have complicated characters that might be unscannable such as special characters and underlining.

They should be printed on white paper using black ink only, and should have a format that is best described as being neat and clean.

Find out more on scannable resumes at https://brainly.com/question/1383483.

Is used to characterize country's financial policies that inhibit free trade and shield domestic industries from import competition. Because they are the ones who will implement taxes, quotas, or international sanctions that may impede the trading of specific items from such a country to other countries, governments are engaged in international trade.

Most frequently, role in the government in international trade through import duties.

Governments also get involved with economic trade policies. To shield emerging markets from severe competition is one of the main motivations. The industries in emerging nations that might not survive in comparison with more developed nations must paying special attention to this issue. Most commonly, governments interfere in international trade via import tariffs.

To know more about International Trade click here

brainly.com/question/20492108

#SPJ4

The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.

With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.

Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.

To learn more about insurance, visit here

https://brainly.com/question/27822778

#SPJ4

A penetration pricing strategy is particularly appropriate when demand is increasing. This is because a penetration pricing strategy involves setting a low price initially to attract customers and gain market share. When demand is increasing, there is a larger pool of potential customers to attract with the low price.

Additionally, a penetration pricing strategy may not be effective when demand is highly elastic or highly inelastic, as these conditions may result in either a lack of willingness to pay the higher price after the initial low price, or a lack of willingness to purchase at any price, respectively. If demand is decreasing, a penetration pricing strategy may not be effective as there may be a lack of interest in the product regardless of price.
A penetration pricing strategy is particularly appropriate when demand is b) highly elastic. This is because, in such a scenario, a small decrease in price leads to a significant increase in the quantity demanded, allowing the company to gain market share quickly.

To know more about pricing strategy visit:

https://brainly.com/question/31726294

#SPJ11

Answer:

The correct answer is the option: Compound.

Explanation:

To begin with, the sentences that are compound are understood to be the ones who have at least two or more independent clauses that are joined together by a comma, semicolon or by a conjunction. Therefore that the sentence presented in the text corresponds to a compound sentence due to the fact that you can find two different clauses that are joined together by a comma and a coordinator in this case ("but") and when that happens that coordinator adds also flowness to the sentence.

Answer:

Trust.

Explanation:

See its important so people can know you as a generally trustable person. Also, when a customer is they more than likely feel the need to come back. So if your selling product it will generate more customers and money.

Human capital per worker is a determinant of productivity is the correct statement.

hence option A is correct

Human capital is the primary factor of worker productivity. Human capital is the knowledge, skills, and competence that the typical worker in an economy has acquired during their lifetime. The total amount of human capital and labor productivity are usually higher in economies with higher average levels of education.

Technology advancement is the second element that affects worker productivity. Technology develops due to both invention and innovation, which is the application of new knowledge to the creation of a new good or service. The transistor, for instance, was created in 1947. Compared to tube technology, it made it possible for electrical equipment to be smaller and consume less power.

Learn more about labor at

https://brainly.com/question/15647983?referrer=searchResults

#SPJ4

The demographic group Women in Motion serve is Women who are all talented and Young giving in their best contribution to Cinema.

Demographic is referred to defining a set of populations based on the characteristics like age, gender, social status, education, qualification, and so on.

"Women in Motion" has referred to a kind of award which was given to effective young female personalities who are raising the position of women in society and providing a contribution to their growth.

The event has emerged as a go-to platform for starting discussions and influencing perceptions around the representation of women in the arts and entertainment industries.

Learn more about demographics, here:

https://brainly.com/question/5216121

#SPJ1

Mohd Abdul Karim breached ethical leadership characteristics such as transparency and responsible communication by dismissing KPMG and not addressing audit issues openly.

The characteristics of ethical leaders encompass traits such as integrity, transparency, accountability, fairness, and responsible decision-making. In this story, Mohd Abdul Karim, the managing director and stakeholder of Serba Dinamik, has breached some of these characteristics. His composed demeanor at the press conference may indicate a lack of transparency, as he fails to address the audit issues openly.

Additionally, his response to the audit firm, KPMG, by dismissing them as a "shoplot auditor" and accusing them of behaving like "gangsters" does not align with ethical behavior or responsible communication. The attempt to shift blame and discredit the auditor raises concerns about accountability and fairness.

Serba Dinamik's decision to sue its auditor, KPMG, can be considered a non-programmed decision. This is because it is a unique and complex situation that requires careful analysis and evaluation. In the short term, suing the auditor may create further controversy and damage the company's reputation.

It could also strain the relationship between the company and its auditors, potentially impacting future audit engagements. In the long term, the implications could include increased scrutiny from regulatory bodies, potential legal costs, and a loss of investor confidence.

The resignation of four out of seven independent directors from the board of Serba Dinamik raises significant issues. It suggests a lack of confidence in the company's governance practices and raises concerns about transparency and accountability.

The departure of independent directors can erode investor trust, negatively impact the company's reputation, and lead to increased regulatory scrutiny.

Overall, the issues surrounding Serba Dinamik highlight the importance of ethical leadership, responsible decision-making, transparent communication, and strong governance practices to maintain trust and sustainability within a company.

Learn more about leadership:

https://brainly.com/question/1232764

#SPJ11

The journal entry to record bad debts expense at June 30 assuming that Canarie's allowance for doubtful accounts had a credit balance of $14,030 before adjustment is: Allowance for Doubtful Accounts $14,030Bad Debts Expense $XXXXX

Bad debts expense is usually recorded through the allowance method of accounting. Bad debts expense is the expense resulting from an estimate of how much of the accounts receivable are expected to be uncollectible.

Bad debts expense is the amount of the accounts receivable that are estimated to be uncollectible by a company during an accounting period. Adjusting entry: Allowance for Doubtful AccountsXXBad Debts ExpenseXX(To record estimated bad debts expense).

Allowance for Doubtful Accounts is a balance sheet account that is classified as a contra-asset account since it has a credit balance. This account is used to account for the estimated number of accounts receivable that may not be collected.

Bad Debts Expense is an expense account that appears on the income statement. It is used to account for the cost of the bad debts that are expected to be incurred by the company during an accounting period.

Since the balance in the allowance for doubtful accounts account is given as a credit balance, it means that the adjusting entry should be a debit to the allowance for doubtful accounts account and a credit to the bad debts expense account.

Thus, the adjusting entry is: Allowance for Doubtful Accounts XX Bad Debts Expense XX (To record estimated bad debts expense).

To know more about journal entry visit:

brainly.com/question/32708390

#SPJ11

The adjusting journal entry for bad debts expense at June 30 is to:

Bad debt expense is an accounting entry that lists the dollar amount of receivables the company does not expect to collect.

To record the bad debts expense at June 30, the following adjusting journal entry can be made:

Read more about bad debts

brainly.com/question/29414667

#SPJ4

Answer:

The fiscal test group meets the deductible by incurring medical costs that equal the dollar amount of the deductible. The countable costs are added together. When they are equal to or greater than the amount of the deductible, the group can be certified for Medicaid.

Explanation:

A deductible is a set amount that a patient must pay each year before their health insurance coverage kicks in. Beneficiaries typically pay co-insurance—a percentage of costs—for any services covered by the plan after meeting the deductible.

The total production is 20 + 8 = 28 units of cheese and 10 + 20 = 30 units of wine. The answer is not one of the options provided.

Let's assume that England and France each have 40 labor hours available and they divide their time equally between the production of cheese and wine.

Suppose it takes 2 labor hours to produce 1 unit of cheese and 4 labor hours to produce 1 unit of wine in England, and it takes 5 labor hours to produce 1 unit of cheese and 2 labor hours to produce 1 unit of wine in France.

If each country divides its time equally between the production of cheese and wine, then England can produce 20 units of cheese (40 labor hours / 2 labor hours per unit) and 10 units of wine (40 labor hours / 4 labor hours per unit), while France can produce 8 units of cheese (40 labor hours / 5 labor hours per unit) and 20 units of wine (40 labor hours / 2 labor hours per unit).

The total production is 20 + 8 = 28 units of cheese and 10 + 20 = 30 units of wine.

Therefore, the answer is not one of the options provided.

To learn more about total production please click on below link.

https://brainly.com/question/27978945

#SPJ4

Assume that England and France each has 40 labor hours available. If each country divides its time equally between the production of cheese and wine, then total production is Question 1 options:

A. 8 units of cheese and 10 units of wine

B. 20 units of cheese and 12 units of wine

C. 15 units of cheese and 25 units of wine

D. 48 units of cheese and 30 units of wine

E. 24 units of cheese and 15 units of wine

We should always create an automatic production system with a high-quality standard to get the most profit. This statement is true.

When people consider automation along a production line, they often make a number of assumptions.  

They picture soulless robotic picking and packaging arms, conveyor belts, and widespread layoffs. Yes, this is the situation in some manufacturing sectors when repeated manufacturing processes are used. However, since the industrial robotics boom of the 1980s, inventory management tools for craftspeople have replaced robotic arms as the primary application of automation in manufacturing.  

Therefore, the statement is true.

Learn more about production, here;

https://brainly.com/question/31812224

#SPJ4

The needed rate of return for a security will be lower than its expected rate of return at equilibrium. It must be true that the expected return was higher than the needed return if a security's realized return is negative.

The period of the security is shortened in direct proportion to the interest rate. the bond's cash flows' weighted average time to maturity. A assessment of a bond's interest rate risk called duration takes into account the maturity, yield, coupon, and call features of the bond. The sum of all these variables is used to determine how sensitive the value of a bond might be to changes in interest rates. The rate of return is determined by adding the dividend rate of return and the price change rate of return.

Learn more about return here:

https://brainly.com/question/29569139

#SPJ4

Answer:

Great idea! Let's make Xavier's job board as informative and visually appealing as possible. We'll start by including a detailed drawing of Xavier's lot that includes all of the measurements provided in Math Problem 1. We'll also make sure to prominently display the total area of the lot that we calculated.

Next, we'll include a sketch of the prefabricated house option that we suggest Xavier purchases, along with the final price that was calculated in Math Problem 3 or 4. To make it even more clear for Xavier, we'll label the upgraded technology that was included in the option we chose so that he can easily point it out to his building inspector when the time comes.

To make the job board even more visually appealing, we'll include a graphic representation of a truck with the final transportation cost on it, which is the answer to Math Problem 5. This will help Xavier keep track of his costs and make sure that he stays within his budget.

Overall, Xavier's job board will be a useful tool to help him stay organized and make informed decisions throughout his project.

Explanation:

Answer:

A permanent office is also known as the long term office. It is established for the production and distribution of goods and services over a long period of time.

Explanation:

Poverty is more than an economic problem, it is a source of social discontent and political unrest;  economic development has reduced the proportion of people living below the poverty line.

Poverty is shown as a deficiency of money and profitable resources to support long-term survival.

Hunger and starvation, restricted access to education and other basic services, social prejudice and exclusion, and a disinterest in decision-making are all examples of its expressions.

Poverty is a cause of social dissatisfaction and political upheaval; economic development has lowered the amount of people living in poverty.

Therefore, the poverty is a very big problem than the economic problem.

Learn more about the poverty, refer to:

https://brainly.com/question/10645433

#SPJ1

If FIFO were used then, the STU's cash conversion cycle in 2017 if FIFO were used is 23.19 days. STU's net income in 2017 is $31,500

The cumulative amount of income tax saving that STU has generated through 2017 by using the LIFO method instead of the FIFO method can be calculated as follows;

The difference in income tax between FIFO and LIFO:

Income tax saving using LIFO: $51,250 × 0.25 = $12,813

Cumulative amount = $12,813 × 5

= $64,065

Therefore, the cumulative amount of income tax saving that STU has generated through 2017 by using the LIFO method instead of the FIFO method is $64,065.

To calculate the STU's net income in 2017 if FIFO were used, the COGS and Gross profit margins would be adjusted as shown below:

Selling price - COGS = Gross profit The FIFO COGS for 2017:

COGS = $165,000 + $49,500

= $214,500

Gross profit margin = $338,000 - $214,500

= $123,500

Operating expenses = $9,750 + $39,000 + $14,000 + $29,250

= $92,000Net income for 2017 if FIFO were used

= $123,500 - $92,000

= $31,500

Therefore, the STU's net income in 2017 if FIFO were used is $31,500

The STU's cash conversion cycle in 2017 if FIFO were used can be calculated as follows:

The number of days it takes to sell the inventory using FIFO:

LIFO inventory for 2016 = $20,000

FIFO inventory for 2016 = $21,000

Number of days to sell = ($21,000/$173,000) × 365

= 45 days

Average collection period: Accounts receivable turnover ratio = $338,000/$31,000 = 10.9 times

Average collection period = 365/10.9

= 33.49 days

Average payment period: Accounts payable turnover ratio = $165,000/$25,000 = 6.6 times

Average payment period = 365/6.6 = 55.3 days

Cash conversion cycle = 45 + 33.49 - 55.3 = 23.19

To know more about Conversion visit:

brainly.com/question/30475057

#SPJ11

Answer:

In a perpetual inventory system, the cost of goods is recorded at the time of sale. With a periodic inventory system, it's updated periodically.

The statements from client's focused interview correlate to abnormal inspection findings are past surgical history of an appendectomy and change in body mass index (BMI).

Using a person's mass (weight) and height, the body mass index (BMI) is calculated. The body mass index (BMI) is stated in units of kg/m2 and is calculated by dividing the body weight in kilograms by the height in meters. A table or chart that presents BMI as a function of mass and height using contour lines or colors for different BMI categories, and which may use other units of measurement, may be used to calculate BMI. Based on tissue mass and height, a person's BMI can be used as a convenient generalization to classify them as underweight, normal weight, overweight, or obese.

To learn more about measurement, visit:

https://brainly.com/question/14453891

#SPJ4

The real GDP will decrease by $500 billion.

A country's gross domestic product (GDP) is the sum of the market values of all the finished goods and services produced within its borders during a specific time period. As a general measure of all domestic production, it provides a comprehensive evaluation of the economic health of a specific nation. GDP is frequently calculated on an annual basis, although it is also occasionally approximated on a quarterly basis. For example, the US government generates an annualised GDP estimate for the entire year as well as each fiscal quarter. Each item of data in this report is supplied in actual terms, which allows for the calculation of the data to account for price changes. The result is data that is net of inflation.

To learn more about GDP, visit:

https://brainly.com/question/15682765

#SPJ4

The individual that is likely to have the highest credit score is the one who

has two credit cards and pays the full balance on each card each month. Option C

Your likelihood of making timely loan payments is predicted by your credit score. It is generally true that paying the minimum balance on a credit card each month will not have a positive effect on a person's credit score.

In fact, it could have a negative impact because it can indicate to lenders that the borrower is struggling to pay their debts and is potentially at higher risk of defaulting on a loan.

Hence, paying the full balance on a credit card each month can have a positive impact on a person's credit score because it demonstrates responsible credit use and the ability to pay off debts in a timely manner.

Learn more about credit score from

brainly.com/question/13964348

#SPJ1

The cost of the material X purchased in July should be $196,000.

Material required for production (25,000 units × 2 pound per unit) 50,000 pounds

Add: Desired closing inventory 1,000 pounds

Total requirement 51,000 pounds

Less: Opening inventory - 2,000 pounds

Material to be purchased 49,000 pounds

Multiply with Cost of material $4 per pound

Total cost of purchases $196,000

Therefore we can conclude that the cost of the material X purchased in July should be $196,000.

Learn more about the material here: brainly.com/question/9176437

Answer:

list options, identify a decison , list concequences, evaluate the decison, follow through

Explanation:

Steps of making a decision:

identify a decision, list the concesquences, list all possible options, evaluate the decision and then fallow through.

A wise decision-maker selects options that will benefit both themselves and other people. They don't allow their personal biases to influence their decision-making and approach it with an open mind. After carefully weighing their options and considering the repercussions, they make sensible decisions.

People are affected by our decisions. Almost every choice we make has an impact on several individuals in one way or another. Understanding the "human cost" of our actions and the impact they will have on others is crucial. Our ideals are manifested in the choices we make.

Decision-making is impacted by a number of significant elements. Past experiences, a range of cognitive biases, an increase in commitment and sunk costs, individual characteristics, such as age and socioeconomic status, and a sense of personal relevance are all important considerations.

To know more about making a decision visit:

https://brainly.com/question/13244895

#SPJ2

Answer:

Thats cool

Explanation:

The term "backwards bending labor supply" refers to a phenomenon where an individual's labor supply decreases as their wages increase beyond a certain point.

This is related to the income and substitution effects. The income effect suggests that as wages increase, individuals may choose to work fewer hours because their income is higher and they can afford to consume more leisure. The substitution effect, on the other hand, indicates that higher wages make leisure relatively more expensive compared to work, leading individuals to substitute leisure with work. Whether labor supply is backwards bending or not depends on the relative strength of these effects. If leisure is a normal good, the labor supply will not be backwards bending. The concept of backwards bending labor supply is based on the assumption that individuals have a preference for leisure as well as income. As wages increase, the income effect suggests that individuals may choose to work fewer hours because their higher income allows them to enjoy more leisure activities. In other words, the opportunity cost of leisure decreases as wages increase. On the other hand, the substitution effect indicates that higher wages make work relatively more attractive compared to leisure, as individuals can earn more income by working additional hours. This implies that the opportunity cost of leisure increases as wages rise.

Learn more about labor supply here:

https://brainly.com/question/29342939

#SPJ11