Agreeing to the fixed-price contract reduces operating leverage and business risk, but eliminates profitability. The present value of the machine with the contract is zero.
A. If you agree to the fixed-price contract, your operating leverage will decrease, and your business risk will also decrease. Operating leverage refers to the ratio of fixed costs to variable costs in a company's operations. By agreeing to a fixed-price contract, you are reducing the variable cost component of your business. This reduction in variable costs will result in a decrease in the operating leverage of your company, as the proportion of fixed costs in the company's operations will increase. This shift towards fixed costs will lead to a decrease in the overall business risk of the company, as the company's profitability will be less sensitive to changes in revenues.
B. The present value of the perpetual encapsulator machine can be calculated using the discounted cash flow (DCF) method. Without the fixed-price contract, the annual revenues of the company are $20 million, and the variable cost component is 50% of the revenues, which is $10 million. Thus, the annual cash flow generated by the machine is $10 million. Using a discount rate of 9%, the present value of the machine is:
PV = $10 million / 0.09 = $111.11 million
With the fixed-price contract, the company's raw material costs are fixed at $10 million per year, and the annual cash flow generated by the machine is $10 million (revenues) - $10 million (fixed costs) = $0 million. In other words, the company is generating zero cash flows from operations. Using a discount rate of 6%, the present value of the machine is:
PV = $0 million / 0.06 = $0
As you can see, the fixed-price contract reduces the present value of the machine to zero. This is because the fixed-price contract eliminates the variable cash flows generated by the machine, and the company is left with only fixed costs. Therefore, the fixed-price contract is not a financially viable option for the company, as it eliminates the profitability of the machine.
To learn more about fixed-price contracts
https://brainly.com/question/29534898
#SPJ4
fast pls The Fair Labor Standards Act does not cover which of the following?
unemployment compensation
child labor
minimum wage
overtime pay
What continuously changes and provides business solutions to ever-changing business operations?
A dynamic approach in business is one that continuously changes and provides business solutions to ever-changing business operation.
What is a dynamic approach in business?It involves an approach that entails a flexible & adaptive attitude towards the company's business model and relies on embedded business networks to reconfigure, develop and adapt the business model to events and changes in the business environment.
The dynamic approach is important because it help to ensure that a business can respond appropriately to changes that may represent both potential opportunities and new threats to its operations.
Therefore, the dynamic approach in business is one that continuously changes and provides business solutions to ever-changing business operation.
Read more about dynamic approach
brainly.com/question/15086825
#SPJ1
In reviewing the security logs for a company's headquarters in New York City, which of these activities should not raise much of a security concern?
A recently hired data scientist in the Medical Analytics department has repeatedly attempted to access the corporate financial database
One evening an employee logs in from home and downloads all of the files associated with the new product he is working on
An employee has started logging in from home for an hour or so during the last 2 weeks of each quarter
Each night one headquarters employee logs into his account from an ISP in China
A recently hired data scientist in the Medical Analytics department has repeatedly attempted to access the corporate financial database activities should not raise much of a security concern. The answer is OPTION A
The three guiding principles of confidentiality, integrity, and availability make up the CIA Triad (CIA). These tenets collectively constitute the basis for information security policies. A program, organization, system, or enclave's cybersecurity is under the control of this role.
Information Systems Security Officer (ISSO) Cybersecurity Officer is another name for the person who fills this position. Inform your legal team as soon as you can about the breach and provide them with all relevant information so that your organization is prepared for any scenario.
To learn more about Analytics, click here.
https://brainly.com/question/30101345
#SPJ4
what is meant by business objectives
Answer:
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
Answer:
Business objectives are something that a business organization wants to achieve or accomplish over a specified period of time.
Explanation:
These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
On December 1, Victoria Company signed a 90-day, 6% note payable, with a face value of $9,600. What amount of interest expense is accrued at December 31 on the note
The amount of interest expense accrued at December 31 on the 90-day, 6% note payable with a face value of $9,600 is $96.
To calculate the interest expense, follow these steps:
1. Convert the annual interest rate to a daily rate: 6% / 360 days = 0.016667% per day.
2. Determine the number of days from December 1 to December 31: 31 days.
3. Calculate the interest expense for this period: $9,600 (face value) x 0.016667% (daily interest rate) x 31 days = $96.
The interest expense accrued for the 31 days in December on Victoria Company's note payable is $96.
To know more about interest rate click on below link:
https://brainly.com/question/13324776#
#SPJ11
Who do YOU like more
Joseph Biden or Donald Trump?
Please answer with you honest opinion.
Answer:
Explanation:
Joseph biden
If a portion of a supply curve in a labor market is backward bending:
Group of answer choices
an increase in wages will lead to an increase in the quantity of labor supplied.
the income effect dominates the substitution effect on that portion of the supply curve.
people have not yet reached their target income.
the substitution effect dominates the income effect on that portion of the supply curve.
the higher wage rate leads to an increase in the quantity of labor supplied because the worker has an increase in income.
If a portion of a supply curve in a labor market is backward bending, the income effect dominates the substitution effect on that portion of the supply curve. This statement is true. The backward-bending supply curve of labor means that when the wage rate rises, labor supply initially rises, but eventually, the higher wage leads to a fall in the number of hours worked by an individual.
The substitution effect is the effect of a wage change on labor supply caused by a change in the relative cost of leisure. When the wage rate rises, the cost of leisure increases relative to the income earned from working, so workers substitute leisure for labor, reducing the quantity of labor supplied.
The income effect is the effect of a wage change on labor supply caused by a change in the worker's income. When the wage rate rises, the worker's income increases, which can cause them to work more or less.
The income effect is divided into two parts: the substitution effect and the income effect on the worker's overall well-being. On a backward-bending supply curve, the income effect dominates the substitution effect because, as the wage rate rises, the worker's income rises, and the higher income causes them to work more. In other words, the higher wage rate leads to an increase in the quantity of labor supplied because the worker has an increase in income.
to know more about income visit :
https://brainly.com/question/29544150
#SPJ11
our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
To Know more about monologue
https://brainly.com/question/28265367
#SPJ1
How long does a lender have to fix their net worth if they notify the FL-OFR before the shortage occurs?
According to the established standards and practices, a lender would have to use 120 days to fix their net worth if they notify the FL-OFR before the shortage occurs?
FL-OFR is an acronym for the Florida Office of Financial Regulation.
FL-OFR has three divisions which is headed by the commissioner.
FL-OFR regulates financial activities like consumer finance, financial institutions, securities, etc.
Hence, in this case, it is concluded that the correct answer is "120 days."
Learn more here: https://brainly.com/question/17143073
can you use crest toothpaste if you have braces ?
cavities, gingivitis, acid erosion, sensitivity, plaque, tartar , whitening, freshens breath
Answer:
Yes yu can i have braces
Explanation:
Do I close off or balance a discount allowed account in a ledger
Answer:
There are two primary types of discounts in accounting that might occur in your small business – trade discounts and cash discounts. A trade discount occurs when you reduce your sales price for a wholesale customer, such as on a bulk order. This type of discount does not appear in your accounting records or on your financial statements specifically.
for her birthday, alicia received as a gift one share of stock in apple, inc. this makes alicia one of the corporation's: group of answer choices owners. trustees. agents. creditors.
For her birthday, Alicia received as a gift one share of stock in Apple, Inc. This makes Alicia one of the corporation's owners. Option (a) is correct.
Owners of an organization's existing shares, also known as shareholders or stockholders, are entitled to a piece of the company's remaining assets, earnings, and voting power.
Equity securities, often known as stock or shares, are issued by every corporate corporation. The issuance of shares establishes a connection of ownership: the holders of the shares, also known as stockholders or shareholders, are the corporation's owners.
Owner's equity is the portion of the balance sheet that is attributed to the company's owners; examples include ordinary stock, preferred stock, and retained earnings.
Therefore, Option (a) is correct.
Learn more about stock, here;
https://brainly.com/question/31940696
#SPJ4
The best use of RFQ is for customer to compare the quotes of the product that they requested from different vendors. A. True B. False
The best use of RFQ is for customer to compare the quotes of the product that they requested from different vendors. The statement is true.
The Request for Quote (RFQ) process is a common procurement method used by organizations to gather information and compare pricing for products or services from potential vendors. The RFQ enables a customer to solicit competitive bids from various vendors to ensure that they are getting the best value for their money. The customer can compare the quotes provided by the vendors and choose the one that best meets their requirements and budget.
Request for Quote (RFQ) is a procurement process used by organizations to obtain competitive bids from vendors for products or services. The RFQ specifies the requirements, terms, and conditions of the purchase, and vendors respond with quotes that the customer can compare to select the best offer.
learn more about RFQ here
https://brainly.com/question/18330011
#SPJ4
Scenario 1
Aiden's car is 12 years old and he's worried it might break down, so he's trying
to save three months of expenses for unexpected repairs, while also saving for
a new car. What are the best savings strategies for Aiden so he can keep his
money accessible for repairs, but also save for a new car?
Answer:
Aiden can open a savings account that does not have restriction on withdrawals and does not have minimum balance requirement
Explanation:
Aiden is trying
to save three months of expenses for unexpected repairs, while also saving for
a new car.
This will require frequent withdrawals for unexpected repairs on his old car. Also he will need to make frequent deposits into the account as he is saving for a new car.
The best account option for Aiden will be to get a savings account that will allow him withdraw as much as possible for repairs and also he will not be charged because of frequency of withdrawals
Stephanie has a homeowners insurance policy for her $355,000 home with an annual premium of $0. 42 per $100 of value and a deductible of $500. Under this policy, in the event of a major mishap, Stephanie would have a total annual out-of-pocket expense of Left-bracket (355,000 dollars divided by 100) times 42 cents right-bracket 500 dollars = 1,991 dollars. Stephanie would like to lower her premium by increasing her deductible. If Stephanie wants to increase her deductible to $1000, what annual premium would result in an annual out-of-pocket expense that is about the same as her current plan? a. $0. 16 per $100 of value b. $0. 28 per $100 of value c. $0. 35 per $100 of value d. $0. 46 per $100 of value Please select the best answer from the choices provided A B C D.
The annual premium that would result in Stephanie's annual out-of-pocket expense that is about the same as her current plan is b. $0. 28 per $100 of value.
Data and Calculations:
Home value = $355,000
Annual premium rate = $0.42 per $100
Deductible $500
Total annual out-of-pocket expense = $1,991 ($355,000 x 0.0042 + $500)
New deductible = $1,000
New annual premium rate = $0.28
Total annual out-pocket expense based on the new premium rate = $1,994 ($355,000 x 0.0028 + $1,000)
Thus, the annual premium that would result in Stephanie's annual out-of-pocket expense that is about the same as her current plan is Option b.
Learn more: brainly.com/question/18618915
Miguel is vice president of marketing at xyz corp. He is disappointed to learn that the vice president of sales at xyz earns 20 percent more than he does despite the two positions having similar levels of responsibility and impact. In this example, what method is miguel using to evaluate the fairness of his pay?
Miguel holds the position of vice-president of marketing at xyz Corp. Because Miguel ended up having $35 more so than he did, he is unsatisfied.
What are the many types of marketing?The 4 P are a "combination of strategies" that includes four crucial elements for selling a product or service product, price, place, and marketing. Businesses frequently consider the four Ps when creating plans and objectives for reach their intended audiences.
What is an effective marketing example?In a word, it is an effort to make customers aware of a business's offers, which can include both physical goods for sale or services rendered. Advertising on television, on billboards along the highway, and in magazines are all common examples of marketing in action.
Briefing
He spends $35 × 4 = $140.
He earns $21 × 5 = $105.
His net increase is $105 -140 = -$35.
Miguel ends up with $35 less than he started with.
To know more about marketing visit:
https://brainly.com/question/11531316
#SPJ4
Chapter 2 Mastery Problem
The T –
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:
Chart of Accounts
Cash
Hassan Rahim Capital
Accounts Receivable
Hassan Rahim, Withdrawals
Supplies
Rental Income
Shed
Wages Expense
Bicycles
Maintenance Expense
Accounts Payable
Repair Expense
Concession Fee Expense
June
2
Began business by placing $7,200 in a business checking account.
3
Purchased supplies on account, $150
4
Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.
5
Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900
6
Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.
8
Received cash of $470 for rentals during the first week of operation.
13
Hired a part-time assistant to help out on weekends at $7.50 per hour
14
Paid a maintenance person to clean the grounds, $75.
15
Received cash, $500, for rentals during the second week of operation.
16
Paid the assistant for a weekend’s work, $150.
20
Paid for the supplies purchased on June 3, $150.
21
Paid repair bill on bicycles, $55.
22
Received cash for rentals during the third week of operation, $550.
23
Paid the assistant for a weekend’s work, $150.
26
Billed a company for bicycle rentals for an employee outing, $110
27
Paid the fee for June to the Park District for the right to the bicycle concession, $100.
28
Received cash for rentals during the week, $410.
29
Paid the assistant for a weekend’s work, $150.
30
Transferred $500 to personal checking account.
Answer:
27.
Explanation:
A salesperson who is employed by a broker told a prospective buyer that the house she was looking at is "the best house in the area". Because of this statement.
A.
The salesperson was guilty of fraud
B.
The broker was guilty of fraud because the employing broker is responsible for the actions of the salesperson.
C.
The salesperson was practicing puffing
D.
The salesperson would be guilty of fraud only if the buyer purchased the house
The correct option is c. The salesperson was practicing puffing.
Was the salesperson engaging in deceptive practices?In this scenario, the statement of salesperson of the house being "the best in the area" falls under the practice of puffing. Puffing refers to exaggerated statements or opinions that are not intended to be taken as factual representations. It is a common sales technique used to create enthusiasm and promote the product, in this case, the house. Puffing typically involves subjective opinions or vague claims that are unlikely to be relied upon as factual information. While puffing may involve exaggerated statements, it is not considered fraudulent because it is not meant to deceive or mislead the buyer.
Understanding the distinction between puffing and fraudulent misrepresentation is important in the realm of sales and business transactions. Puffing allows salespersons to express their subjective opinions or make statements that are open to interpretation without crossing into the realm of fraud. On the other hand, fraudulent misrepresentation involves making false statements of material fact with the intent to deceive and induce the buyer into making a decision based on misinformation. It is essential for buyers to exercise due diligence, gather objective information, and seek professional advice when making significant purchases to ensure they are well-informed and protected from potential misrepresentations or fraud.
Learn more about salesperson
brainly.com/question/32308819
#SPJ11
Accounts for all revenues and expenses over an accounting period?
One of the three major financial statements that summarise a company's financial performance over a given accounting period is the income statement, along with the balance sheet and the cash flow statement.
What is a balance sheet and what are some examples?A balance sheet is a financial statement that lists the assets and liabilities of a business at a certain point in time. It is one of the three primary financial statements, along with the income statement and cash flow statement, that are used to assess a company's performance. A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity. One of the three essential financial statements used to assess a company is the balance sheet. It offers a picture of a company's financial situation (what it owns and owes) as of the publication date.
To know more about balance sheet visit:
https://brainly.com/question/26323001
#SPJ4
Complete question:
Accounts for all revenues and expenses over an accounting period. 1.Income Statement. 2. Financial Statements 3.Reports
How do you write a professional bio about yourself?
If you work in a profession where it is appropriate, you should include your name and title in your professional bio.
You must provide your name and the title of your present position in the first sentence of your brief bio. Say, "Sarah Hayes is the Senior Marketing Director for Blooming Street Creative," as the first sentence of your bio. You might put your most recent title or your college major if you are actively looking for work.
Include significant professional positions and accomplishments in your biography. Include your interests, passions, and the way you apply your values to your work. a description of your background as a worker, businessperson, or professional.
Read more about professional bio at
https://brainly.com/question/30397118
#SPJ4
A credit union
Question 3 options:
is larger than most banks
promotes good spending habits among its members
will allow anyone to join
provides financial service at a higher cost than a bank
Answer: A credit union promotes good spending habits among its members.
34. When investing your main consideration should be:
(Bond valuation) Pybus, Inc. is considering issuing bonds that will mature in
16
years with an annual coupon rate of
7
percent. Their par value will be
$1 comma 000
,
and the interest will be paid semiannually. Pybus is hoping to get a AA rating on its bonds and, if it does, the yield to maturity on similar AA bonds is
10.5
percent. However, Pybus is not sure whether the new bonds will receive a AA rating. If they receive an A rating, the yield to maturity on similar A bonds is
11.5
percent. What will be the price of these bonds if they receive either an A or a AA rating?
Question content area bottom
Part 1
a. The price of the Pybus bonds if they receive a AA rating will be
$.
(Round to the nearest cent.)
The price of the Pybus bonds if they receive a AA rating will be $1,445.66.
How to calculate the valueIn order to calculate the price of the bond, we can use the following formula:
Price = C * [(1 - (1 + r)⁻ⁿ) / r] + F / (1 + r)ⁿ
In this case, the coupon rate is 7%, the yield to maturity is 10.5%, the number of years to maturity is 16, and the par value is $1,000.
Plugging these values into the formula, we get:
Price = 7% * [(1 - (1 + 0.105)⁻³²) / 0.105] + $1,000 / (1 + 0.105)³²
Price = $1,445.66
The price of the Pybus bonds if they receive a AA rating will be $1,445.66.
Learn more about bond on
https://brainly.com/question/25965295
#SPJ4
which two of the following areas does lean/just-in-time production focus its attention on? i. cost ii. quality iii. variance iv. waste multiple choice i and iii ii and iv i and ii iii and iv
Quality and waste are two areas where lean/just-in-time production pays particular attention.
Which of the subsequent best describes lean manufacturing?In its simplest form, lean manufacturing (often referred to as the Toyota Production System) is the systematic removal of waste, including excess production, inventory, waiting, motion, overprocessing, defective units, knowledge disconnect, and the use of continuous flow concepts.
Which two lean principles are they?The five fundamental tenets of lean are value, value stream, flow, pull, and perfection, according to Womack and Jones.
Which two principles underpin lean manufacturing?Continuous Improvement and Respect for People are the Lean pillars. Continuous improvement and respect for people are the two tenets of Lean.
To know more about lean production visit:-
https://brainly.com/question/10521710
#SPJ4
Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $325 when it produces 11,000 chairs. For this range of output, the firm is likely experiencing
Answer:
Coordination Problem
Explanation:
Below is the given values:
Average total cost of producing 10000 chairs = $300
Average total cost of producing 11000 chairs = $325
The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.
Damon and Brian of Green Ocean Cruises would like to be more proactive in reaching out to potential new customers, so they decide to use direct marketing as a part of their IMC campaign. Direct marketing can do all of the following except
Direct marketing can do all of the following except coordinate all the various promotional mix elements.
Direct advertising, the use of catalogs, become practiced in 15th-century Europe. The writer Aldus Manutius of Venice revealed a catalog of the books he provided for sale. In 1667, the English gardener, William Lucas, published a seed catalog, which he mailed to his customers to inform them of his charges. Catalogs unfold to colonial us, wherein Benjamin Franklin is assumed to be the primary cataloguer in British the usa. In 1744, he produced a catalog of clinical and academic books.
18th-century English entrepreneur and potter Josiah Wedgwood advanced cutting-edge marketing strategies and were an early recommend of direct mail. assembly the demands of the customer revolution and the boom in a wealth of the center classes that helped force the commercial Revolution in Britain, following the commercial revolution of the late 18th century, a growing middle magnificence created a new call for items and offerings.
To learn more about Direct marketing visit here:
brainly.com/question/14008832
#SPJ4
The person who would be most directly affected by changes in the business cycle is ______.
a.
an emergency-room doctor
b.
a construction worker
c.
an orthodontist
d.
a college professor
Please select the best answer from the choices provided
A
B
C
D
Answer:
B a construction worker
Explanation:
i got the answer correct on edge
Brian manages his company's Google Search Ads campaign. He regularly reviews the optimization score to make his Google Search campaign as effective as possible. What is Brian's optimization score based upon?
Answer: Key aspects of his accounts, including statistics, settings, and industry trends.
Explanation:
The options to the question are:
a. Testing and reporting on the speed of Brian’s websites
b. Key aspects of his accounts, including statistics, settings, and industry trends.
c. Judging ad popularity on social media
d. Comparing Brian’s sales with ad serving data.
Optimization score simply runs from 0% to 100% and it is simply an estimate that'll tell am individual or firm how well their Google Ads account will perform. Having 100% means that the account will be able to perform at full potential.
Based on the information given in the question, Brian's optimization score is based upon Key aspects of his accounts, including statistics, settings, and industry trends.
QUESTION THREE [30] The BMW Group continues to follow globaldevelopments in terms of both technological innovations andregulatory and ethical issues. Critically discuss any three (3)ethical models
The BMW Group is a German multinational company that produces luxury vehicles and motorcycles.The company produces cars under the BMW, Mini, and Rolls-Royce brands, and motorcycles under the BMW Motorrad brand.
About the three ethical modelsThe following are the three ethical models that can be discussed:
1. The Virtue Ethics Model: Virtue ethics emphasizes the development of moral character traits, such as honesty and integrity, as well as the cultivation of virtues such as courage and generosity. Virtue ethicists believe that if a person acts according to a set of ethical principles, he or she will automatically do the right thing.
The BMW Group can employ virtue ethics by developing a culture of accountability, honesty, and fairness, emphasizing the importance of ethical conduct and being a socially responsible organization.
2. The Utilitarian Model: Utilitarianism is a philosophical approach that suggests that the best course of action is the one that maximizes overall happiness and minimizes overall suffering.
3. The Deontological Model: Deontological ethics emphasizes the importance of following ethical rules and principles, regardless of the consequences. This approach is based on the belief that certain moral principles are absolute and should never be violated.
Learn more about BMW company at
https://brainly.com/question/30174625
#SPJ11
The next dividend payment by Hoffman, Inc., will be \( \$ 2.70 \) per share. The dividends are anticipated to maintain a growth rate of \( 6.75 \) percent forever. Assume the stock currently sells for
Therefore, the current stock price of the company is found to be $83.19.
Given:Hoffman, Inc., will pay a dividend of $2.70 per share.
The dividends are expected to grow at a rate of 6.75% per year forever.
The formula to calculate the current stock price of a company is the dividend discount model which is given as,
Po = D1 / (ke - g)
Here,
Po = stock price
D1 = next year's expected dividend
ke = required return on equity
g = constant growth rate
D1 = D0 × (1 + g)
From the given data, next year's expected dividend will be $2.70 per share and growth rate is 6.75%.
D1 = $2.70 × (1 + 6.75%)
D1 = $2.70 × 1.0675
D1 = $2.88
Now, putting the values in the formula, we get;
Po = $2.88 / (ke - 6.75%) -----(1)
Now we are left with the value of ke, i.e. the required return on equity.
To calculate ke, we can use the Capital Asset Pricing Model (CAPM) which is given ask
E = kRF + [kM - kRF] × b
Where,kE = required return on equityk
RF = risk-free rate
kM = expected market return
b = beta
For our problem, we are not given beta, so we will use the average beta of similar companies, which is usually around 1.0.
Substituting the values in the above formula,
kE = 2.70% + 1.0 × 7.5%
kE = 10.20% -----(2)
Now, putting the value of ke in equation (1), we get;
Po = $2.88 / (10.20% - 6.75%)
Po = $2.88 / 0.0345
Po = $83.19
Know more about the current stock price
https://brainly.com/question/26128641
#SPJ11