Baptiste Accounting Services expects its accountants to work a total of 30,000 direct labor hours per year
The company's estimated total indirect costs are $152,000. The direct labor rate is $104 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Baptiste performs a job requiring 52 hours of direct labor and bills the client using a standard markup of 40% of costs, calculate the amount of the client's bill. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $5,408
B) $216,320
C) $2,269
D) $7,940
D .
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The intrinsic value of a stock is greater than its current market price if
A) The market price is higher than the present value of expected future cash flows. B) the stock's P/E ratio is higher than the market's average P/E ratio. C) the stock's IRR exceeds the required rate of return. D) the stock's P/CF ratio is higher than the market's average P/CF ratio.
Early in 2015, Maria bought shares of MBA Inc. at $27.85 per share. She received the following dividends per share (end of year). 2015 $1.50 2016 $2.00 2017 $2.50
Immediately after receiving the 2017 dividend, she sold the stock for $32.50 per share. Her internal rate of return on this investment was A) 9.17%. B) 10.25%. C) 11.99%. D) 13.85%.