A type of responsibility center which is typically established whenever an organizational unit has control over both its resource costs and the selling price of its products or services is a(an)
a. investment center.
b. revenue center.
c. expense center.
d. profit center.
e. standard cost center.
D
Business
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A) Us/her B) Us/she C) We/her D) We/she
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Dynamic Industries paid a dividend of $1.65 on its common stock yesterday. The dividends of
Wallace Industries are expected to grow at 9% per year indefinitely. If the risk-free rate is 3% and investors' risk premium on this stock is 8%, estimate the value of Wallace Industries stock 2 years from now. A) $106.84 B) $100.43 C) $54.71 D) $91.81
Business