Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Cheese company currently operates at 97% of fixed asset capacity. Current sales are $890,000. How fast can sales grow before any mew fixed assets
1. Cheese company currently operates at 97% of fixed asset capacity. Current sales are $890,000. How fast can sales grow before any mew fixed assets are needed?
select one:
a) 3.1%
b) 4.1 %
c) 3.4%
d) 3.3%
2. RTF inc common stock sells for $22 a share and pays an annual dividend that increase by 3.8% annually. The market rate of return on this stock is 8.2% What is the amount of the last dividend paid?
Select one:
a) $0.90
b) $ 0.97
c) $ 0.93
d) 0.88
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started