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提问人:网友keb85207410 发布时间:2022-01-07
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MOON Company has 200,000 common shares outstanding...

MOON Company has 200,000 common shares outstanding, and the par value is $2 per share. MOON has thought it is necessary to reinvest most of its earnings, so as to maintain the growth rate of 12%. Because of the founder's death, it is expected a low growth rate. The realistic growth rate is 5%, and the dividend distribution will increase. The required return rate of the shreholders is 14%. It is expected an earnings of $2 millions in 20X9, and the investment requirement in 20X9 is $0.8 millions. Required: (1)If all the required capital for the investment is from the earning, and MOON uses a residual dividend approach, please calculate the dividend per share in Year 20X9. (2)Please calculate the dividend payout ratio if Year 20X9; (3)If the dividend payout ratio grows by 5% each year, calculate the intrisic value of the share based on the result of (1);

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更多“MOON Company has 200,000 common shares outstanding...”相关的问题
第1题
The Russian company has boasted such claims mainly because they ______.A.get more financia

The Russian company has boasted such claims mainly because they ______.

A.get more financial support from the government.

B.explore the moon and acquire more natural resources for human beings.

C.transfer harmful industries to the moon to prevent our environment.

D.attract more space travelers to develop the space tourism industry.

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第2题
BL has dismissed eight works firemen alleged to have been asleep at its Land-Rover works a
t Solihull when two works inspectors paid an unexpected visit to the duty fireroom shortly before dawn on Monday.

All firemen on the night shift, including the officer in charge, are said to have been sleeping in chairs or stretched out on the floor.

This is the second time in recent years that a group of BL employees at Solihull has been dismissed for sleeping on duty. Two and a half years ago, 13 night shift workers there were found asleep.

They had brought sleeping bags, blankets, and built makeshift bunks. But it is understood that no such preparations had been made by the firemen.

The eight were brought before a disciplinary hearing on Tuesday and charged with conduct in breach of their duty. They were summarily dismissed.

All eight have given voice of their intention to appeal under the company's disputes procedure. The hearing is expected to take place next week with officials of the Transport and General Workers Union representing them.

According to the passage, inspectors paid an unexpected visit to the duty fireroom just______.

A.before the moon rose

B.after the moon set

C.after the sun set

D.before the sun rose

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第3题
听力原文: Space Adventures, the company that has sent "space tourists" up to the Internati
onal Space Station, is planning a new mission: rocketing rich people around the dark side of the moon. The first mission, dubbed DSE-Alpha (for Deep Sea Explorations) , could happen as early as 2008, company CEO (Chief Executive Officer) Eric Anderson said at a Manhattan news conference. The first traveller would be only the 28th person in history to orbit the moon--not counting the cosmonaut of the Russian spacecraft that will make the flight--and the first person to orbit the moon in more than 33 years. The trip will offer the chance to see the Earth rise from lunar orbit and a view of the far side of the moon, never seen from Earth, from an altitude of 62 miles. The price tag is every bit as steep: $100 million for each of the two planned passengers, which includes costs such as planning the mission, modifying a modern Soyuz TMA spacecraft for the trip and completing manned and unmanned test flights before the space tourists make their trip.

What new mission is Space Adventures planning?

A.Sending space tourists up to the International Space Station.

B.Rocketing rich people around the dark side of the moon.

C.Landing rich people on the moon.

D.Sending 28 people to the moon.

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第4题
The moon appears to warp the minds of some men. Despite putting men on the moon in 1969 Am
erica seems determined on re-enacting the space race, this time pitting its efforts against those of the Chinese. Now a Russian company claims it could develop a system to exploit the moon's natural resources and potentially relocate harmful industries there. This is lunacy.

Russia certainly has great prowess in space. In its former guise as the centre of power in the Soviet Union it launched the first man-made satellite in 1957. In a spectacular follow up, Yuri Gagarin became the first person in space in 1961. Another triumph came in 1968 when the Russians sent a spaceship to orbit the moon with turtles aboard, returning it and its living cargo safely to Earth. An unmanned Russian spacecraft also landed on the moon ahead of the first manned landing by the Americans. Even after Neil Armstrong took his one small step, Russia has proved its superiority in keeping people in space stations orbiting the Earth. The Russian Soyuz rocket is a mainstay of satellite launches and would be used to rescue astronauts should any accident befall the International Space Station.

Head of the spacecraft manufacturer that helped achieve these Russian successes, this week boasted that his rockets could be used to industrialise the moon. So why were his remarks greeted with such scepticism?

One reason for the cynicism is that the idea is absurd. A United Nations treaty passed in 1967 bans potentially harmful interference with the Earth's original satellite and requires international consultation before proceeding with any activity that could disrupt the peaceful exploration of space, including the moon. A second problem is that landing on the moon has proved beyond the budget of any state other than America and of any private company to date.

In fact one of the best hopes for investment comes from space tourism. On Saturday April 7th, the fifth such holidaymaker entered space aboard a Russian Soyuz rocket. Charles Simonyi, an American software developer, paid $25m for his ten-day stay at the International Space Station. The next holiday destination is the moon. The tour operator that organised the first five packages is offering two tickets to orbit the moon for $100m each. Launch would be aboard a Soyuz spacecraft. But the Soyuz system was designed in the 1960s and has been on the verge of retirement for many years. Unfortunately the Russian authorities have postponed indefinitely the development of a successor. Thus the claim of the industrialisation of the moon is unlikely to succeed.

The Underlined word" lunacy" (Line 4, Paragraph 1) most probably means ______.

A.an effort to explore the universe.

B.a kind of insane state connected with the moon.

C.the ability to transfer harmful industries onto the moon.

D.the power to orbit around the moon.

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第5题
The company has been forced to ______ 200 employees due to financial problems.A.dilapidate

The company has been forced to ______ 200 employees due to financial problems.

A.dilapidate

B.tarry

C.sprawl

D.jettison

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第6题
请判断对错。“该公司自有资本金200万元,资金缺口543万元。” 在以下A和B两个译文版本中,A版译文更符
合英语表达习惯、意思更接近原文的译文。 A. The company has RMB2 million of its own capital funding, and the shortfall is 5.43 million yuan. B. The company has RMB2 million of its own capital funding, with a shortfall of RMB5.43 million.

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第7题
A company uses process costing to value output. During the last month the following inform
ation was recorded: Output: 2,800 kg valued at $7.50/kg Normal loss: 300 kg which has a scrap value of $3/kg Actual loss: 200 kg What was the value of the input?

A、$22,650

B、$21,900

C、$21,600

D、$21,150

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第8题
The X project of Neptune manufacturing company has reached scale economies. X project can
generate $200 million cash flow today, $200 million in 1 year and $300 million 2 years from today. How much would these be worth now using a 12% discount rate?

A.$700 million.

B.$617.73 million.

C.$551.54 million.

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第9题
Acting is such an over-crowded profession that the only advice that should be given to
a young person thinking of going on the stage is "Don't!" But it is useless to try to discourage someone who feels that he must act, although the chances of his becoming famous are small. The normal way to begin is to go to a drama school. Usually only students who show promise and talent are accepted, and the course lasts two years. Then the young actor or actress takes up work with a repertory company, usually as an assistant stage manager. This means doing everything that there is to do in the theatre: painting scenery, looking after the furniture, publicity, taking care of the costumes, and even acting in very small parts. It is very hard work indeed, the hours are long and the salary is tiny. But young actors with the stage in their blood are happy, waiting for the chance of work with a better company, or perhaps in films or television.Of course, some people have remarkable chances which lead to fame and success without this long and tedious training. Connie Pratt, for example, was just an ordinary girl working in a bicycle factory. A film producer happened to catch sight of her one morning waiting at a bus stop, as he drove past in his big car. He told the chauffeur to stop, and he got out to speak to the girl. He asked her if she would like to go to the film studio to do a test, and at first she thought he was joking. Then she got angry and said she would call the police. It took t he producer twenty minutes to convince Connie that he was serious. Then an appointment was made for her to go to the studio the next day. The test was successful. They gave her elocution lessons and within a few weeks she was playing the leading part opposite one of the most famous actors of the day. Of course, she was given a more dramatic name, which is now world-famous. But chances like this happen once in a blue moon!

1.The reason why young people should be discouraged from becoming actors is that ____.

A、actors are very determined people

B、the course at the drama school lasts two years

C、acting is very hard work

D、there are already too many actors

2.Why is an assistant stage manager's job difficult?____

A、Because he has to do everything.

B、Because he has to work long hours every day.

C、Because he will not be happy.

D、Because he has to wait for another chance.

3.Usually only students who ____are accepted.

A、have received good education

B、are hard-working

C、are talented and promising

D、are good-mannered

4."Then she got angry and said she would call the police". This sentence shows that ____.

A、She totally disbelieved the proposal

B、The man acted with an ill purpose

C、The man forced her into his big car

D、She was a nervous woman

5.The phrase "once in a blue moon" refers to ____.

A、once in a full moon

B、once for a while

C、once for a long time

D、once and for all

点击查看答案
第10题
Acting is such an over-crowded profession that the only advice that should be given to a
young person thinking of going on the stage is "Don't!" But it is useless to try to discourage someone who feels that he must act, although the chances of his becoming famous are small. The normal way to begin is to go to a drama school. Usually only students who show promise and talent are accepted, and the course lasts two years. Then the young actor or actress takes up work with a repertory company, usually as an assistant stage manager. This means doing everything that there is to do in the theatre: painting scenery, looking after the furniture, publicity, taking care of the costumes, and even acting in very small parts. It is very hard work indeed, the hours are long and the salary is tiny. But young actors with the stage in their blood are happy, waiting for the chance of work with a better company, or perhaps in films or television.

Of course, some people have remarkable chances which lead to fame and success without this long and tedious training. Connie Pratt, for example, was just an ordinary girl working in a bicycle factory. A film producer happened to catch sight of her one morning waiting at a bus stop, as he drove past in his big car. He told the chauffeur to stop, and he got out to speak to the girl. He asked her if she would like to go to the film studio to do a test, and at first she thought he was joking. Then she got angry and said she would call the police. It took t he producer twenty minutes to convince Connie that he was serious. Then an appointment was made for her to go to the studio the next day. The test was successful. They gave her elocution lessons and within a few weeks she was playing the leading part opposite one of the most famous actors of the day. Of course, she was given a more dramatic name, which is now world-famous. But chances like this happen once in a blue moon!

1).Why is an assistant stage manager's job difficult?()

A、Because he has to do everything.

B、Because he has to work long hours every day.

C、Because he will not be happy.

D、Because he has to wait for another chance.

2).Usually only students who ()are accepted.

A、have received good education

B、are hard-working

C、are talented and promising

D、are good-mannered

3).The reason why young people should be discouraged from becoming actors is that ().

A、actors are very determined people

B、the course at the drama school lasts two years

C、acting is very hard work

D、there are already too many actors

4)."Then she got angry and said she would call the police". This sentence shows that ().

A、She totally disbelieved the proposal

B、The man acted with an ill purpose

C、The man forced her into his big car

D、She was a nervous woman

5).The phrase "once in a blue moon" refers to().

A、once in a full moon

B、once for a while

C、once for a long time

D、once and for all

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