A tax on the sellers of TVs a. leads buyers to demand a smaller quantity at every price. b. leads sellers to supply a larger quantity at every price. c. leads sellers to supply a smaller quantity at every price. d. Both (a) and (b) are correct.

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?

Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?

Which term best describes the statement given below? if p = q and q = r, then p = r