Which of the following statements is true? Group of answer choices A perfectly competitive firm that seeks to maximize profits w
1 answer:
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Answer:
B. 5.40 percent
Explanation:
Let today's price per share be $X
Total return = [ (New value + Dividend - Old value) / Old price ] *100
Old value = $24 *540 = $12,960
Next, plug in the numbers to the formula;
0.063 = [ (540X + 117 - 12,960)/ 12,960 ]
0.063 =
multiply both sides by 12,960;
0.063 *12,960 = 540X - 12,843
816.48 = 540X - 12,843
Add 12,843 from both sides and solve for X;
816.48 + 12,843 = 540X
13,659.48 = 540X
Divide both sides by 540;
13,659.48/ 540 = X
X = 25.295
Therefore, today's price per share = $25.30
Capital gains yield= (Today's price - Original price) /Original price
Capital gains yield = (25.295 -24) / 24
=0.05396 or 5.40%
Therefore, Capital gains yield is 5.40%
Answer:
Actual Price paid for materials = $4.2136 2,200 = $9,270
Actual price per unit = $4.2136
Explanation:
Provided information,
Standard Material per unit = $4
Total cost = $8,400
Standard Quantity = $8,400/$4 = 2,100 units
Provided Material Price variance = $470 unfavorable = - $470
Material Quantity Variance = $400 Unfavorable = - $400
Using Material Quantity Variance
- $400 = (2,100 - Actual Quantity) $4
-$400/$4 = 2,100 - Actual Quantity
Actual Quantity = 2,100 + 100 = 2,200 units
Now, putting this value in Material Price Variance we have,
- $470 = ($4 - Actual Price) 2,200
-$470/2,200 = $4 - Actual Price
- $0.214 = $4 - Actual Price
Actual Price = $4 + $0.2136 = $4.2136
Final Answer
Actual Price paid for materials = $4.2136 2,200 = $9,270
Actual price per unit = $4.2136