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GenaCL600 [577]

3 years ago

9

The common stock of tasty treats is valued at $10.80 a share. the company increases its dividend by 8 percent annually and expec

ts its next dividend to be $0.20 per share. what is the total rate of return on this stock?

1 answer:

V125BC [204]3 years ago

5 0

Hello! I believe the correct answer to your question would be r = 0.09852, or around 9.85%. Hope this helps, and have a great day :)

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Madison Corporation purchased 40% of Jay Corporation for $400,000 on January 1. On June 20 of the same year, Jay Corporation dec

labwork [276]

Answer:

E. $560,000

Explanation:

Balance of Long term Investment

= Value of Investment - Pre Acquisition Dividend ($100,000*40%) + Share of Net Income ($500,000*40%)

= $400,000 - $40,000 + $200,000

= $560,000

Therefore, The balance in Madison Corporation's Long-Term Investment-Jay Corporation account as of December 31 should be $560,000.

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2 years ago

You bought two new CDs with the last $30 in your checking account, and your next payday is on Monday. What is the opportunity co

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Answer:

the $30 check that you wrote for the cds

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3 years ago

allatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% o

vodomira [7]

Answer:

Sales 2,600,000

Less Cost of Goods Sold

Opening Stock 0

Add Cost of Goods Manufactured

Direct materials 1,218,000

Direct labor 522,000

Variable factory overhead 87,000

Fixed factory overhead 130,500

Less Closing Stock (350×(1,957,500/4,350) (157,500) (1,800,000)

Gross Profit 800,000

Less Expenses

Selling and administrative expenses:

Variable selling and administrative expenses (60,000)

Fixed selling and administrative expenses (25,000)

Net Income 715,000

Explanation:

<em>Product Cost (Absorption Costing) = Direct Materials + Direct Labor + Variable Overhead + Fixed Overheads</em>

<em>Period Cost (Absorption Costing) = All Non- Manufacturing Overheads</em>

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3 years ago

On January 1, Year 1, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on J

mel-nik [20]

Answer:

The cash received from bond issuance is journalized as follows:

Dr Cash $285,600

Cr Bonds payable $280,000

Cr Premium on Bonds payable $5,600

The June 30 and 31 December Year 1 interest on the bonds are recorded thus:

30 June

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

31 December

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

The June 30 and 31 December Year 2 interest on the bonds are recorded thus:

30 June

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

31 December

Dr Interest expense(bal fig) $7,840

Dr Premium on bonds $560

Cr Cash $8400

Explanation:

The amount realized from the bond is calculated thus:

$280,000*102%=$285,600

Premium on bond=Bonds proceeds-par value

=$285,600-$280,000

=$5,600

Semi-annual amortization of bond premium=$5,600/5*6/12

=$560

Semi-annual interest payment=$280,000*6%*6/12

=$8,400

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Why is it important to use the right strategies to beat competition?:

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Answer:

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2 years ago