The cash return on the stock given its value now, dividend per share and its value in a year's time is 3.34% .
<h3>What is the cash return?</h3>
The cash return is the sum of the dividend yield and the price return.
Dividend yield = dividend / price of the share today
$4 / 60 = 6.67%
Price return = (price in year's time - price today) / price today
= (58 - 60) / 60 = -3.33%
Cash return = 6.67% - 3.33% = 3.34%
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Answer:
The journal entry to write off an uncollectible account receivable decreases operating income.
Explanation:
Accounts receivable is the amount that debtors owe a business and is collectible at a particular time in the future. If however the debtor is unable to make payment, the amount owed is written of.
The journal entry to record the write-off involves a debit to accounts recievable and reduces allowance for uncollectible account balances.
This does not affect the operating income of the business.
A private contractor becouse it is important