1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mart [117]
3 years ago
8

Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2007. He received dividends per share of $1.37 (2007),

$1.55 (2008), $1.66 (2009), $1.74 (2010), $1.85 (2011). At the end of 2011, just after receiving the last dividend, he sold the stock for $84.76. What was his average annual rate of return form both dividends and capital gains? (Hint: compute the IRR, assume that all dividends were received at the end of the year.)
Business
1 answer:
never [62]3 years ago
4 0

Answer:

The IRR is 4.08%

Explanation:

In calculating the internal rate of return in excel,the cash outflow of $76.63 is shown in year 0 with a negative sign to indicate that it is the initial investment on the share, followed by dividends in received in later years shown as positive figures ,however in the fifth the dividend received and the cash received from disposing of the share were added together to show total cash inflow in the last year.

The computation of IRR is shown below

IRR for the share purchase  

 

Years Cash flow

0 -76.63

1 1.37

2 1.55

3 1.66

4 1.74

5 86.61  

IRR 4.08%

Find attached for detailed computation.

Download xlsx
You might be interested in
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24
Wittaler [7]

Answer:

$217,000

Explanation:

                           Begining   Purchases   Ending  

Raw Materials  $ 36,000 $ 69,000 $ 24.000

Work in Process  $ 23,000 $ 17,000         $ 6.000

Finished Goods  $ 37,000  $ 55,000 -$ 18.000

Direct Lab Costs  $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

 Total  

Raw Materials  $ 81.000

Work in Process  $ 6.000

Finished Goods  -$ 18.000

Direct Labor Costs  $ 94.000

Manufacturing Overhead  $ 54.000

Costo of Goods Manufactured  $ 217.000

5 0
2 years ago
Oligopoly is a market structure that is characterized by a ________ number of ________ firms that produce ________ products.
vlabodo [156]

Answer: small, interdependent; identical or differentiated

Explanation:

This is from Economics 202.

4 0
2 years ago
Walmart is thinking about offering a 25% discount on a brand of shoes. If the elasticity of demand is two, then the discount wou
vitfil [10]
Elasticity of demand is a measurement used in economics to show how people respond and demand a product or service when nothing but the price changes. 

If Walmart were to discount a shoe by 25% and the demand of the shoes is two pair, sales would increase by 50%. People are purchasing two pairs at this price and receiving 25% off of each pair.
5 0
3 years ago
Select the incorrect statement regarding the cash budget. Multiple Choice Cash inflows and outflows indicated on the cash budget
babunello [35]

Answer:

The incorrect statement regarding the cash budget is :

The total cash available is calculated by adding cash receipts and the ending cash balance.

Explanation:

The Cash available is calculated by <em>adding</em> the Cash Receipts to the Opening Cash Balance <u>instead of</u> the Ending Cash Balance.

The Cash that is available would then be used to meet cash expenditures for the anticipated period.

6 0
3 years ago
If an advertiser doesn't want to add remarketing tags to a website, why would Customer Match be a good fit for them?
zheka24 [161]

The correct answer is: Customer Match relies on your own data instead of a remarketing tag.

INTERPRETATION

If an advertiser doesn’t want to add remarketing tags to a website then Customer Match would be a good fit for them because Customer Match creates a similar audience for you by using the data from your ad accounts and campaigns. This makes the Customer Match data reliable because it uses your own data instead of a remarketing tag.

The Customer Match audience is created from the interests and behavior of the audience similar to your previous website visitors.

Therefore, we can conclude that the correct option is D. If an advertiser doesn’t want to add remarketing tags to a website then Customer Match would be a good fit for them because Customer Match relies on your own data instead of a remarketing tag.

Your question is incomplete, but most probably your full question was:

If an advertiser doesn't want to add remarketing tags to a website, why would Customer Match be a good fit for them?

a. Customer Match allows you to reach people who have been to your website

b. Customer Match allows you to reach people who haven’t been to your website yet

c. It wouldn’t be a good fit. You have to tag your website to use Customer Match

d. Customer Match relies on your own data instead of a remarketing tag

Learn more about Remarketing  on:

brainly.com/question/27692394

#SPJ4

3 0
1 year ago
Other questions:
  • Bette's Breakfast, a perfectly competitive eatery, sells its "Breakfast Special" (the only item on the menu) for $5.00. The cost
    10·2 answers
  • Describe the current economy and labor market, including the types of goods and services produced, the types of skills workers n
    11·1 answer
  • Criminal investigation help please
    13·2 answers
  • Why do you think brand advocates willingly promote companies via social media?​
    10·1 answer
  • Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics
    12·1 answer
  • A company has two products: A1 and B2 . It uses activity based costing and has prepared the following analysis showing budgeted
    9·1 answer
  • Select the correct answer.
    13·1 answer
  • Mumford Corporation invested $30,000 in marketable securities on December 4. On December 9, it sold some of these investments fo
    7·1 answer
  • Help!!!!!!!!!!!!!!!!!
    8·1 answer
  • In a pool bout, fencer x has received a yellow card for non-conforming equipment and is losing 3-2. fencer y attacks and scores
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!