Ask question

Ask question

All categories

3 years ago

5

A stock pays a constant annual dividend and sells for $31.11 a share. if the dividend yield of this stock is 9 percent, what is

the dividend amount? $1.40 $1.80 $2.20 $2.40 $2.80

1 answer:

n200080 [17]3 years ago

5 0

The answer should be $2.80 because $31.11 x 9% = $2.80

You might be interested in

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th

rjkz [21]

Answer:

Allocated MOH= $188,627

Explanation:

Giving the following information:

Estimated overhead= $241,800

Estimated direct labor hour= 6,800

Actual direct labor-hours were 5,300.

First, we need to calculate the estimated overhead rate:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 241,800/6,800= $35.59 per direct labor hour.

Now, based on actual direct labor hours, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 35.59*5,300= $188,627

6 0

3 years ago

Recording partner's original investment Instructions Kimberly Payne and Arionna Maples decide to form a partnership by combining

levacccp [35]

Answer and Explanation:

The Journal entry is shown below:-

Cash A/c Dr, $20,000

Accounts Receivables A/c Dr, $140,000

($145,000 - $5,000)

Inventory A/c Dr, $101,700

Equipment A/c Dr, $81,200.

To Allowance for doubtful Accounts $4,400

To Payne's Capital A/c $338,500

(Being assets contributed by partner in business is recorded)

For recording the assets contributed by partner in business we simply debited the cash account, accounts Receivables, Inventory and Equipment as increase the assets while we credited the Allowance for doubtful Accounts as it decreasing the assets and Payne's Capital as increasing the stockholder equity.

7 0

3 years ago

Who is responsible for payment of self-employment tax on fees received by a professional fiduciary?

zlopas [31]

<span>If a person is self employed, they are responsible for paying their own taxes. There are tables available on line to calculate the amounts. They should be paid no less than quarterly. If the income is significant, an account should be set up, or they should be paid more frequently. There are fees for late payments.</span>

8 0

3 years ago

The primary purpose of managerial accounting is to prepare financial statements in accordance with a reporting framework (e.g. G

Contact [7]

Answer:

False.

Explanation:

There is no specific rule for managerial accounting like GAAP. GAAP is the accounting principles set for financial accounting and not managerial accounting. The main and primary purpose of managerial accounting is to help the managers of an organization to analyze the exact cost that is incurred in the production of sale-able goods and services. This accounting is done completely as per the convenience and discretion of the managers of a company and not by any specified rules and norms.

3 0

3 years ago

What is Virgo sign means

atroni [7]

Answer: Virgo is an earth sign historically represented by the goddess of wheat and agriculture, an association that speaks to Virgo's deep-rooted presence in the material world. Virgos are logical, practical, and systematic in their approach to life. ... Virgo is governed by Mercury, the messenger planet of communication.

Explanation: But I'm a Taurus and I'm the queen of all Zodiac signs

Leos are the Kings of all Zodiacl signs and I'm lucky I'm on the day of the Taurus zodiac change April 20th and my birth mineral is Crytal. Or Diamond

7 0

2 years ago