Total tax bill

Cox Footwear pays a constant annual dividend. Last year, the dividend yield was 3.2 percent when the stock was selling for $35a

marissa [1.9K]

Answer:

The current price of the stock is b. $38.62

Explanation:

Hi, in order to find the current price of the stock, first we need to find the amount paid as a constant dividend, the formula is as follows.

$DivYield=\frac{Dividend}{Price}$

So, things should look like this

$0.032=\frac{Dividend}{35}$

$Dividend=0.032*35=1.12$

So the amount of constant dividend tha this company is paying is $1.12/share

Now we can find the current price using the same equation and solving for "Price",

$0.029=\frac{1.12}{Price}$

$Price=\frac{1.12}{0.029} =38.62$

Therefore, the current price of the stock is $38.62, that would be option b.

Best of luck:

7 0

4 years ago

Jesse designs web sites and uses job order costing. On September 1, Jesse’s Work in Process account had a beginning balance of $

Elena L [17]

Answer:

Work in Process Inventory account at the end of September is $1,950

Explanation:

As all jobs at the beginning of september in the balance of Work in progress were finished, it's costs are now in Finished Goods Inventory. So are too, the two jobs started and finished during September. The Works in Process account records materials, labor and structure costs of order not finished yet at the end of the month.

At the end of september only Job 850 is not finished. The sum of materials, direct labor and overhed that is $1.950, is the balance of Work in Process Inventory account at the end of September.

5 0

3 years ago

Kramer Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the followin

mr_godi [17]

Activity Cost Pool Estimated Overhead Cost is $1,125,400

(a) Estimated Activity

(b) Activity Rate (a ÷ b)

Labor Related $48,000 30,000 DLHs $1.60 per DLH

Machine Related $67,500 10,000 MHs $6.75 per MH

Machine Setups $90,000 600 Setups $150 per Setup

Production Orders $112,000 3,500 Orders $32 per Order

Product Testing $59,400 1,800 Tests $33 per Test

Packaging $76,500 4,500 Packages $17 per Package

General Factory $672,000 30,000 DLHs $22.40 per DLH

Total $1,125,400

Activity Rate = Estimated Overhead Cost / Estimated Activity

Activity Rate of Labor Related = $48,000 / $30,000

= $1.60 per DLH

Activity Rate of Machine Related = $67,500 / 10,000

= $6.75 per MH

Activity Rate of Machine Setups = $90,000 / 600

= $150 per Setup

Activity Rate of Production Orders = $112,000 / 3,500

= $32 per Order

Activity Rate of Product Testing = $59,400 / 1,800

= $33 per Test

Activity Rate of Packaging = $76,500 / 4,500

= $17 per Package

Activity Rate of General Factory = $672,000 / 30,000

= $22.40 per DLH

Learn more about Activity Rate brainly.com/question/5143419

#SPJ4

4 0

2 years ago

Vito borrows $150,000 from Workers & Farmers Bank to buy a home. If he fails to make payments on the mortgage, the bank has

mariarad [96]

Answer: Option C

Explanation: Foreclosure is something that occurs if the mortgage is not paid by a borrower. In fact, it is a judicial process through which the person relinquishes all ownership rights.

If the owner is unable to settle off the outstanding loans or sell property through a short sale, then the estate will go to an exchange for foreclosure. If the estate does not sell then, it will be taken over by the lender.

When a lender loans you money without any collateral (credit card debt, for instance), it can take you to court for failure to pay, but it can be very hard to collect money from you.

Lenders often sell this sort of debt to outside collection agencies for pennies on the dollar and write off the loss. This is considered an “unsecured loan.”

5 0

3 years ago

3/7 x (-1/2) • MARKING BRAINLIEST TO THE ANSWER WITH AN EXPLANATION ON HOW U GOT THE ANSWER!

Nuetrik [128]

Answer : The answer of the given expression is $\frac{-3}{14}$