Mike brought 100 shares costing $53 each.
Total costs of shares= 100*53
=$5300
He got dividends of $1.45 per share. A dividend is money that is earnt back from a share.
Total dividend amount = 1.45*100
=$145
I'm assuming that Mike sold his shares at the end of the year. He sells for $60 each.
Total sales amount=60*100
=$6000
The rate of return in this instance can be defined as the amount of money made back from a share.
Rate of return= total earnings/ costs
Total costs= $5300
Total earnings=$6145
6145/5300=1.1594
=15.9%
Hope this helps! :)
Answer:C
Explanation: Provide a link to show how brighten a room is
Answer:
(a) $700
(b) $5.50
Explanation:
Weekly fixed costs = $6,000
Weekly Total meals = Average customers per day × No. of days
= 500 × 6
= 3,000
Fixed cost per meal = Weekly fixed costs ÷ Weekly Total meals
= $6,000 ÷ 3,000
= $2
(a) Lowest price in total = Number of customers × Variable costs for each meal
= 200 × $3.50
= $700
(b) Lowest price = Variable costs for each meal + Fixed cost per meal
= $3.50 + $2
= $5.50
Answer: 2016 = 28.18 %
2017 = 40.03 %
Explanation: Cost of goods sold as a percentage of net sales can be calculated as follows :-
so by putting the values into equation for the two years :-
year 2016
= 28.18 %
year 2017
= 40.03 %
