The RLX Company just paid a dividend of $3.20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a return of 10.5 percent on the company's stock.

Answers

Answer 1

Based on the dividend paid, the dividend growth rate, and the required return, the price of the stock is $51.20

What is the price of the stock?

This can be solved by the Gordon Growth Model:

Price of stock = Next dividend / (Required return - growth rate)

Solving gives:

= (3.20 x 1.04) / (0.105 - 0.04)

= 3.328 / 0.065

= $51.20

Question is:

Find the price of the stock

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Related Questions

in accordance with da pam 385-63 select the statement that best represents the requirements

Answers

In accordance with DA PAM 385-63 the statement that best represents the requirements when training with live and blank or dummy ammunition is:

"Blank and live ammunition will not be housed in the same facility or issued from the same location at the same time."

What is the DA PAM 385-63 about?

DA Pam 385-63 defines range safety standards and procedures for Army and Marine Corps users to employ in connection with this publication.

When the criteria in DA Pam 385-63 conflict with the standards of other military Services or Federal authorities, the highest level of protection is used.

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Renata needs to fill an open position in her department. In what situation should she use the nine-box grid

Answers

The situation in which she should use the nine-box grid is; d. If she wants to promote from within

How to use human resource tools?

The correct option that i would recommend that she should use the 9 box grid if she wants to recruit minorities.

Now, the The 9 box grid is a popular talent management tool whereby employees are divided into nine groups, based on their performance and potential.

When assessing employee performance, managers usually pay attention to how well they perform today also how well they are likely to perform in the future which signifies their growth potential.

Now, in this case, she wants to fill an open position in her department and as such looking at the given options and the definition of nine box grid above, it is clear that the correct option

The missing options are;

a. If she wants to avoid a glass-ceiling audit

b. If she wants to recruit minorities

c. If she needs to fill an entry-level position

d. If she wants to promote from within

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which statement best describes ethical behavior in the united states

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The  statement that describes ethical behavior in the U.S. is C. We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage.

What is ethical behavior?

ethical behavior serves as the norms as well as the good morals that can be associated to a particular organization or a country.

In this case, ethical behavior in the U.S. is that there are common moral values that many Americans uphold, including respect for human life.

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CHECK THE COMLETE QUESTION BELOW:

Which of the following statements describes ethical behavior in the U.S.?

A. Due to the diverse cultures that make up the U.S. it is difficult to identify common standards of ethical behavior.

B. The only common standards of ethical behavior in the U.S. are reflected in religious teachings.

C. We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage.

D. Americans will generally describe the golden rule as the only statement of value that they uphold.

the signs and symptoms of poisoning in children emt

Answers

The signs and symptoms of poisoning in children is  Burns or redness around the mouth and lips.

What is poisoning in children?

poisoning in children is the injection of substances which can be harmful to their internal organs and if not taken care of instantly can result in death.

It should be noted that The signs and symptoms of poisoning in children is  Burns or redness around the mouth and lips.

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A nurse is teaching a client who is about to start therapy with alendronate (Fosamax) to treat osteoporosis. Which of the following adverse effects should the nurse instruct the client to report

Answers

The adverse effect that the nurse has to instruct this patient to report would have to be joint pain.

What is  osteoporosis?

This is the ailment that people usually suffer due to the fact that their bones have become brittle. The bone becomes fragile because their is a lack of calcium as well as vitamin D.

The human body is usually known to replace certain bone tissues. When an individual has this type of condition, what it means is that they would not be able to keep up with the replacement of old bone tissues when new bone is created.

This ailment does not have any cure. The management has to come from eating and maintaining a healthy diet as well as exercising properly to prevent weak bones and also strengthen your bones.  Calcium supplements would also be a way of taking care of the issue.

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The student's lab manual says to mix 50 mL of his 2.0 M CaCl2 solution with 50 mL of a 3.0 M aqueous solution of sodium carbonate (Na2CO3). (18 points) i. Write a balanced chemical equation to show the reaction. Include state symbols. (4 points)

Answers

The balanced equation for the reaction is [tex]CaCl_2 (aq) + Na_2CO_3 (aq) --- > CaCO_3 (s) + 2NaCl (aq)[/tex]

Chemical equation

Both calcium chloride and sodium carbonate are soluble salts. When they react, insoluble calcium carbonate is produced along with soluble sodium chloride.

The balanced equation of the reaction along with the state of each component is as follows:

  [tex]CaCl_2 (aq) + Na_2CO_3 (aq) --- > CaCO_3 (s) + 2NaCl (aq)[/tex]

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H 3 C C H 2 C H 2 N H C H 2 C H 3 Spell out the full name of the compound.

Answers

The correct IUPAC name of the compound is given as 4-ethyl-2-methyl hexane.

What is the name of the compound?

The name of a compound must be obtained by the use of IUPAC nomenclature. We know that in the IUPAC nomenclature, the names of the compounds is written by the use of prefixes, suffixes and numbers.

Thus the correct IUPAC name of the compound is given as 4-ethyl-2-methyl hexane.

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toggle clamps and hydraluic clamps are the two basic types of clamping units

Answers

Toggle clamps and hydraulic clamps are the two basic types of clamping units that are used in laboratories: True.

The types of clamping units.

In Science, there are two (2) main types of clamping units that are used in laboratories or factories and these include the following:

Toggle clampsHydraulic clamps

In this context, we can infer and logically deduce that both Toggle clamps and hydraulic clamps are the two (2) basic types of clamping units that are used in laboratories or factories.

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recent data show that phenotypic variation categories, like skin color or facial form most often used to define reace

Answers

Recent data show that phenotypic variation categories such as skin color or facial form most often used to define race.

What is phenotypic variation?

Phenotypic variation can be defined as the difference in the observable characters or attributes (phenotypes) of each organism in a specific population such as:

Skin colorHeightShapes and sizes

Based on recent data from scientific research, phenotypic variation categories such as skin color or facial form most often used to define race.

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Suppose a relative has promised to give you $1,000 as a wedding gift the day you get engaged. Assuming a constant interest rate of 5%, consider the present and future values of this gift, depending on when you become engaged.

Answers

The present value and future value for the missing gaps in the table are; As gotten below

How to find the present value of an investment?

The given table is as follows;

                           Present Value Value in One Year Value in Two Years

Date Received  (Dollars)                  (Dollars)                 (Dollars)

Today                  1,000.00                  ?                       ?

In 1 year                   ?                 1,000.00                          ?

In 2 years                 ?           1,000.00                         ?

Let us find the value in one year today from;

FV1 = PV + PV(i)

FV1 = PV(1 + i)

FV1 = 1000(1 + 0.05)

FV1 = $1050

Let us find the value in two years today from;

FV2 = FV1 + FV(i)

FV2 = PV(1 + i)

FV2 = 1050(1 + 0.05)

FV2 = $1102.5

Let us find the present value in 1 year;

PV1 = FV_n(1/(1 + i)ⁿ)

PV1 = 1000(1/(1 + 0.05)¹)

PV1 = $950

Let us find the present value in 2 years;

PV2 = FV_n(1/(1 + i)ⁿ)

PV2 = 1000(1/(1 + 0.05)²)

PV1 = $907.3

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Where can you pin frequently used apps for easy access

Answers

The task bar is the part of your laptop where you can pin the frequently used apps.

What is the taskbar?

This is the part of the system that is usually at the bottom of the laptop screen.

On the task bar, there are icons of apps that are there for a user to easily access whenever they need to. The task bar is usually found at the bottom of the windows computer.

But the computer also has several option that may require a person to change the location of the taskbar if they want. The apps that the individual works with often are pinned here. The goal is to avoid having to search the computer all the time whenever you need to work.

To get an image to the task bar, all you have to do would be to drag it from the computer screen to the bottom of the screen and leave it there.

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The list-style-type property changes the style of bullets points. which of these creates this style bullet: o

Answers

It should be noted that a circle creates a bullet that is an unfilled disc.

What are bulleted points?

A bullet point simply means a symbol that is used in writing to introduce an item in a list.

It should be noted that a commonly used symbol to represent a bullet point is a centered dot (•). Despite this, many different symbols and characters can be used in bullet point lists.

Also, bulleted lists even use numbers and letters. In typography, a bullet or bullet is typographical symbol to introduce items in a list.

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Complete question:

The list-style-type property changes the style of bullet points. What creates a bullet that is an unfilled disc?

3. The average price paid to dealers for a given type and model of a vehicle is published in the

Answers

The average price paid by an individual (driver) to dealers as payment for a given type and model of a vehicle is generally published in the blue book.

What is price?

Price can be defined as an amount of money which is primarily set by the seller of a product, and it must be paid either in full or part by a buyer to the seller, so as to enable the acquisition of this product.

What is a blue book?

A blue book can be defined as a type of publication that is designed to estimate the value of automobile vehicles because it comprises information such as average price, type and model.

In this context, we can infer and logically conclude that the average price paid by an individual (driver) to dealers as payment for a given type and model of a vehicle is generally published in the blue book.

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Refer to Table 10-1. What is the socially optimal quantity of output in this market

Answers

The socially optimal quantity of output in this market is D. 0

Quantity Price $ per unit Private Marginal Cost External Marginal Cost

0 100 --- ---

1 90 10 30

2 80 20 30

3 70 40 30

4 60 60 30

5 50 80 30

6 40 100 30

7 30 120 30

Hence, we can see that, in the presence of an externality, the socially optimal output is determined by including the externality either by adding it with marginal cost or marginal benefit.

Therefore, from the given table above, we can see that the socially optimal quantity of output in this market is 0 because it occurs when social marginal cost is equal to the marginal revenue.

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The nurse notes that the electrical cord on an IV infusion pump is cracked. Which action by the nurse is best

Answers

Since the electrical cord on an IV infusion pump is cracked, an action by the nurse which is best is to:  4) clearly label the pump and send it for repair.

Who is a nurse?

A nurse refers to a professional who has been trained in a medical institution and licensed to perform the following tasks and activities in a hospital:

Promoting hygienic behaviors among patients.Providing care for sick people.Providing care for an injured patient.Perform routine checks on some medical instruments.

In this scenario, we can infer and logically conclude that an action by the nurse which is best is clearly labeling the cracked IV infusion pump and sending it for repair.

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Complete Question:

The nurse notes that the electrical cord on an IV infusion pump is cracked. Which action by the nurse is best?

1) Continue to monitor the pump to see if the crack worsens.

2) Place the pump back on the utility room shelf.

3) A small crack poses no danger so continue using the pump.

4) Clearly label the pump and send it for repair.

Water buildup, ice damming, and a fascia damaged by moisture are common ______ issues.

Answers

Water buildup, ice damming, and a fascia damaged by moisture are common roof issues.

What are roof issues

This is a term that is used to refer to al of the possible reasons that may lead to problems on a roof. They are the damages that the roof would have based on certain phenomena that have occurred on it.

When there is too much water on a roof that does not go off, this is an issue. If it is an iron roof, this may lead to leaking because after sometime the roof would become rusty and it would start to break off. On other types of roofs, it may become moist for a very long time before the damage would start to set in.

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Mrs. Kelly, age 65, is entitled to Part A but has not yet enrolled in Part B. She is considering enrollment in a Medicare Advantage

Answers

In order to join the Medicare Advantage plan, she also must enroll in part B to allow joining the plan.

What is a medicare?

This is a public program that provides a health insurance to individuals that are aged 65 and over or with a disabilities.

Hence, she also must enroll in part B in order to join the Medicare Advantage plan.

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A matrix maps a point P to a point Q if it maps the position vector of P to the position vector of Q. To figure out where a matrix sends a set of points, we apply the matrix to every single point in our set and then put all the resulting points together

Answers

The transformation matrix changes a vector into another vector into a two-dimensional or three-dimensional space.

What is a Matrix?

This refers to the rectangular array that is used to represent a mathematical property and has rows and columns.

Some of the commonly used transformations in matrices are:

stretching, squeezing, rotation, reflection,  orthogonal projection.

Hence, we can see that your question is incomplete as you did not include the matrices, so a general overview is given to you to get a better understanding of the concept.

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None of the 10 largest cities in Texas have a

Answers

None of the 10 largest cities in Texas have a : strong mayor form of government.

What is a mayor form of government?

This is the government that has a mayor as the head of the municipal government or area.

He is the chainman of the council and helps to perform both ceremonial and administrative functions in that area.

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does canvas offer communication with families as a teacher

Answers

Answer:

hdjrjejnenwnns

Explanation:

kkkdkjdjdjsjkeksjsj

Regardless of the size of the organization, the principles of organizing include:

Answers

Regardless of the size of the organization, the principles of organizing include: Petroleum and coal-based products are currently the top exports of Texas. This is further explained below.

What is Petroleum?

Generally, Petroleum, commonly termed crude oil, is a fossil fuel. In the same way that coal and natural gas are generated from the remnants of ancient sea animals, such as plants, algae, and bacteria, petroleum was also formed in this way.

In conclusion, The following are some of the organizational principles that should be followed, regardless of the size of the organization: Products derived from petroleum and coal continue to lead Texas in terms of total export value.

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Which of the following statements about attention deficit hyperactivity disorder (ADHD) is true

Answers

The statement about ADHD that is true is: "ADHD has no clear  physical symptoms that can be detected via an x-ray or blood test"

What is ADHD?

This is an acronym for a kind of mental disorder that is called Attention Deficit Hyperactivity Disorder (ADHD).

Attention deficit hyperactivity disorder (ADHD) is a neurodevelopmental psychiatric condition.

It is characterized by challenges concentration, excessive activity, or difficulty restraining behavior that is inappropriate for a man's age.

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The cost to taxpayers is estimated at billions of dollars for:

Answers

The cost to taxpayers such as employees is estimated at billions of dollars for: unethical practices in financial reporting.

What is taxation?

Taxation is the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.

What are ethics?

Ethics simply refers to a set of unwritten and written standards, principles, values or rules of moral conduct that're established to guide human behaviors, especially with respect to their relationship with others.

Based on historical financial accounting records, we can infer and logically deduce that the cost to taxpayers such as employees is estimated to be at billions of dollars for their engagement in unethical practices in financial reporting.

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Judith and Ken are trying to conceive. Which of these does Ken NOT have to avoid in order to maximize the health of his sperm

Answers

An action or event which Ken does not have to avoid in order to maximize the health of his sperm is computer usage.

What is reproduction?

Reproduction can be defined as a biological process through which all living parent organisms produce their offspring, especially through mating.

This ultimately implies that, reproduction is a biological process through which the spermatozoa from the reproductive organ of a male fertilizes the eggs located in the reproductive organ of a female, so as to enable her to conceive and give birth to an offspring of their specie.

During the reproduction process, it is important to note that a reproductive combination between living parent organisms which would produce hybrids is usually when members of closely-related species reproduce.

In conclusion, we can infer and logically deduce that computer usage is an action or event which Ken does not have to avoid in order to maximize the health of his sperm.

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Stock-index futures may be settled either by cash or by delivery of securities. a. TRUE b. FALSE

Answers

The statement 'stock-index futures may be settled either by cash or by delivery of securities' is FALSE.

What are index futures?

Index futures refers to contracts for buying/selling a financial asset, which depends on the current price.

Index futures can be operated in the market via a suitable financial broker that is able to handle them.

In conclusion, the statement 'stock-index futures may be settled either by cash or by delivery of securities' is FALSE.

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Which of the following is true of the design elements in an effective presentation

Answers

The true statement is; design elements in an effective presentation must must be clear and pass a message easily.

What is design elements in presentations?

Presentation design is a combination of certain elements,  such as the ones listed below;

text optimization, font selection, color background selection, icon selection, and figures

Thus, design elements in an effective presentation must must be clear and pass a message easily.

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Using the figure below, which of the following lists correctly identifies the various seafloor landforms

Answers

The seafloor landforms G, C and F are as follows; C = mid-ocean ridge ; F = trench; G = abyssal plain

How to identify Landforms?

Looking at the image attached of the seafloor landforms, the alphabets represent the following;

A = continental shelf

B = continental slope

C = mid-ocean ridge

D = continental rise

E = volcanic arc

F = trench

G = abyssal plain

A mid-ocean ridge is a seafloor mountain system formed by plate tectonics. It typically has a depth of about 2,600 meters (8,500 ft) and rises about 2,000 meters (6,600 ft) above the deepest portion of an ocean basin.

Trenches are formed by subduction which is a geophysical process in which two or more of Earth's tectonic plates converge and the older, denser plate is pushed beneath the lighter plate and deep into the mantle, causing the seafloor and outermost crust to bend and form a steep, V-shaped depression.

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Strictly speaking, pure competition is relatively rare. Then why do we study it

Answers

Its low-cost manufacturing and allocative efficiency may serve as a benchmark for comparison. This is further explained below.

What is manufacture?

Generally, The term "manufacturing" refers to the process of transforming raw materials or component parts into completed things by using a variety of different resources, including tools, human labor, equipment, and chemical processes.

In conclusion, Its low-cost manufacturing and allocative efficiency may serve as a benchmark for comparison.

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plaintiffs in sexual harassment do not have to prove debilitating psychological deterioration

Answers

The statement "plaintiffs in sexual harassment do not have to prove debilitating psychological deterioration" is true.

What is the judgement for the plaintiff?

In legal terms, the word 'Plaintiff' is used to denote "the party or individual who files a suit against an accuser or the defendant."

Now, in this case of the question about plaintiffs, it has to be said that in sexual harassment they do not have to prove debilitating psychological deterioration. This is because in legal guardianship determinations, the burden of proof is on the person seeking guardianship. The majority of juvenile offenders grow up to become chronic adult offenders.

Thus, from the above statement and explanation, we can say that the statement "plaintiffs in sexual harassment do not have to prove debilitating psychological deterioration" is true.

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Studies have shown that the average person can see ________ variations in value.

Answers

Studies and researches have shown that an average person can see forty (40) variations in value.

What is value?

In Psychology, value can be defined as the design terminology which is used to describe light and dark.

Based on scientific studies and researches, we can infer and logically deduce that an average person can see forty (40) variations in value with respect to light and dark in artworks.

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how many different boolean functions f (x, y, z) are there such that f (x, y, z) = f ( x, y, z) for all values of the boolean variables x, y, and z? In the first situation (series connection), which of the two bulbs glows the brightest? Two light bulbs have resistances of 400 and 800. Which of the following statements about political appointees is LEAST accurate?Although women and minorities are regularly appointed to head less visible departments like HUD, prestigiouspositions such as Secretary of State or Secretary of Labor remain the exclusive preserve of white men. From the following balanced equation,2H2(g)+O2(g)?2H2O(g)how many grams of H2O can be formed from 5.58 g H2?Select the correct answer below:Question 17 options:49.9 g0.624 g99.8 g5.54 g self-confidence, honesty and integrity, and the desire to lead are all components of which personal characteristic of leaders? The weather app on Myra's phone tracks the Air Quality Index (AQI), a measure of how clean the outdoor air is. When the AQI is below 51, Myra knows the air quality is considered good. Last week, the levels in her area ranged from 40 to 48. The mean AQI for the week was about 43.9, with a mean absolute deviation of about 2.4.What can you conclude from these data and statistics? Select all that apply. the food web above represents feeding relationships in a biological community near a deep-sea hydrothermal vent. hydrothermal vents are geysers on the seafloor that gush super-heated, mineral-rich water. the seawater surrounding hydrothermal vents typically contains carbon dioxide (co2), molecular hydrogen (h2), hydrogen sulfide (h2s), and methane (ch4). sunlight, however, fails to reach the seafloor where deep-sea hydrothermal vents are located. as part of an investigation, researchers collected specimens from an area near a deep-sea hydrothermal vent. mussels in the collection were found to be dependent on molecular hydrogen in seawater. also, the researchers discovered multiple species of bacteria living in the gills of the mussels. mussels use gills for filter-feeding and gas exchange with the surrounding seawater. on the basis of their experimental results, the researchers hypothesized that some bacteria living in the gills of the mussels are capable of chemosynthesis. on the basis of the food web, which of the following members of a deep-sea biological community is most likely to also have a symbiotic relationship with chemosynthetic organisms? question 12select one: a. blind crabs b. giant tubeworms c. zoarcid fish d. octopuses when a digitally signed document is received, the recipient's device uses the sender's ____ key to verify the digital signature. eBook Calculator Problem 16-03 (Algorithmic) The computer center at Rockbottom University has been experiencing computer downtime. Let us assume that the trials of an associated Markov process are defined as one-hour periods and that the probability of the system being in a running state or a down state is based on the state of the system in the previous period. Historical data show the following transition probabilities: From Running Down Running 0.80 0.10 Down 0.20 0.90 a. If the system is initially running, what is the probability of the system being down in the next hour of operation? If required, round your answers to two decimal places. The probability of the system is 0.20 b. What are the steady-state probabilities of the system being in the running state and in the down state? If required, round your answers to two decimal places. T1 = 0.15 x TT2 0.85 x Feedback Check My Work Partially correct Check My Work < Previous Next > 50 Points! Multiple choice geometry question. Photo attached. Thank you! a jar contains exactly 11 marbles. they are 4 red, 3 blue, and 4 green. you are going to randomly select 3 (without replacement). what is the probability that they are all the same color?A. 0.0354B. 0.0243C. 0.0545D. 0.0135E. None of the above Alligators will use their powerful feet, tail, and snouts to dig a holethrough the mud, producing small ponds known as "alligator holes. "Many other species benefit fromalligator holes. During the dry season,fish, turtles, and other aquatic animals live in thealligator holes. Birds, terrestrial animals, and plants use these holes as a source ofwater. What term best describes the role of alligators in this ecosystem?A. Invasive exotic speciesB. Keystone speciesC. ProducerD. Primary consumer Read Chapter 2, from the beginning to Ferdinand Magellan: In Columbuss Wake and Beyond, on pages 210-215. Answer this question1.Write what you learned next to each topic in the Word Bank below:A: Vasco da Gama:B: Pope Alexander VI:C: 1498:D. West Brazil:E: King Manuel:F: Line of Demarcation:G: 1500:H: East Indies:I: Vitamin C:J: Treaty of TordesillasK: King Ferdinand and Queen IsabellaL: Pedro Cabr: 46. the rn has just received change-of-shift report. which of the assigned clients should be assessed first? a. client with chronic kidney failure who was just admitted with confusion b. client with kidney insufficiency scheduled to have an arteriovenous fistula inserted c. client with azotemia whose blood urea nitrogen and creatinine are increasing d. client receiving peritoneal dialysis who needs help changing the dialysate bag A Schottky barrier is formed between a metal having work function of 4.3 eV and p-type Si (electron affinity=4 eV). The acceptor doping in the Si is 10^17cm-3.(a) Draw the equilibrium band diagram, showing a numerical value for qV0.(b) Draw the band diagram with 0.3 eV forward bias. Repeat for 2 V reverse bias. Which species should be most sensitive to desiccation (dry conditions) a. Tick b. Mouse C. Deer We have a database file with ten million pages (N = 10,000,000 pages), and we want to sort it using external merge sort. Assume that the DBMS uses quicksort for in-memory sorting. Let B denote the number of buffers. 1). Assume that the DBMS has 6 buffers (B=6). How many passes does the DBMS need to perform in order to sort the file? 2). Assuming that the DBMS has 6 buffers. What is the total 1/0 cost to sort the file? 3). Suppose the DBMS has 10 buffers. What is the largest database file (expressed in terms of N, the number of pages) that can be sorted with external merge sort using 5 passes? A company reported annual income tax expense of $250,000. during the year, income tax payable decreased from a $27,900 beginning balance to a $17,900 ending balance. how much is cash paid for income taxes during the year? can u give me an answer The order of events leading to the formation of EarthSolar systems begin as solar nebula containing heavy elements, the building blocks of planetesimals. The interior of plantesimals originate as homogeneous (uniform) mixtures of molten material. Overtime, distinct layers form within plantesimals. Differentiation of Earth's layers did not need an outside force to begin this process. Rather, Earth's layers began separating soon after the planet formed. This process is similar to oil spills in oceans. When a spill first occurs, oil and ocean water are mixed. Over time, the less dense oil will float to the surface. Similarly, in early Earth, the more dense materials sank to Earth's core, and the less dense materials moved towards the surface. Eventually, layers became distinguishable because this process in effect sorted the materials of early Earth. Characteristics of these layers provide the evidence that a large object collided with Earth late in its development. Refer to the accompanying pictures, which include some of the important events leading to the formation of Earth. A continual bombardment and the decay of radioactive elements produces magma ocean B Heavy elements synthesized by supernova explosions C Accretion of planetesimals to form Earth and the other planets D Solar nebula begins to contract E Mars-size object impacts young Earth F Chemical differentiation produces Earth's layered structure