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Alekssandra [29.7K]
3 years ago
12

During the four quarters for 2017, the Browns received two quarterly dividend payments of $0.18, one quarterly payment of $0.20,

and one quarterly payment of $0.22. If they owned 270 shares of stock,
what was their total dividend income for 2017?
Business
1 answer:
Doss [256]3 years ago
7 0

Answer:

$210.60

Explanation:

The total dividend income is shown below:

= Number of shares owned × quarterly dividend × two +  Number of shares owned × quarterly dividend +  Number of shares owned × quarterly dividend

= 270 shares × $0.18 × 2 + 270 shares × $0.20 + 270 shares × $0.22

= $97.20 + $54 + $59.40

= $210.60

Simply we considered all the quarterly payments and multiplied with the number of shares owned

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Omega corporation and precision products, inc., are the principal suppliers of their product in their market. they agree that om
seraphim [82]

Answer:

A per se violation

Explanation:

A per se violation is one that violates antitrust laws for example agreements made that violates the Sherman antitrust act. It has adverse effects on the competitiveness of a market.

Sherman antitrust act of 1980 is aimed at regulating competitiveness in a market. It prohibits anticompetitive agreements, and unilateral activities that tries to monopolize a market.

In this scenario Omega corporation and precision products, inc., are the principal suppliers of their product in their market. They make an agreement that one will focus on retailers and the other on wholesalers.

This is an attempt to monopolize the market by the two principal suppliers, and is a violation of the Sherman antitrust act.

6 0
3 years ago
Carol's car was hit while it was parked. Carol calls A-1 Towing, tells the dispatcher the car needs to be towed, and gives her l
Tom [10]

Answer:

3) owes the company for towing her car under an implied contract

Explanation:

An implied contract is formed when both parties mutually agree to a contract without necessarily having a signed written contract. In this case, Carl called the towing company and requested the service, so she agreed to her car being towed and therefore must pay for the services.

8 0
3 years ago
By how much does the current GDP rise in the following scenario? A real estate agent sells a house for $250,000 that the previou
Aloiza [94]

Answer:

c. $10,000.

Explanation:

Gross domestic product is the sum total of all goods produced in a country in a given period. Sale of used good are not considered in GDP because the original value of the used item would have been recorded previously as GDP when it was first produced.

Therefore in this scenario the money paid for the house ($250,000) is not considered to be part of GDP since the original value of $90,000 would have been recorded as GDP 10 years ago.

However the commission of $10,000 that the real estate agent collected for his services is considered a contribution to GDP.

8 0
2 years ago
The current sections of Whispering Winds Corp.’s balance sheets at December 31, 2019 and 2020, are presented here. Whispering Wi
storchak [24]

Answer:

The amount of cash provided by  operating activities is $155,000

Explanation:

The net cash provided by operating activities is shown below by the cash flow statement extract:

Net income                                                                 $152,000

depreciation  expense                                             $24,900

increase in accounts receivable($109700-$77900)($31,800)

Decrease in inventory($171,900-$157,000)              $14,900

increase in prepaid expenses($26,700-$25,100)   ($1,600)

increase in accrued expenses($14,600-$8400)      $6,200

decrease in accounts payable($95,100-$85,500) ($9,600)

net cash provided by operating activities                $155,000

Note:

An increase in liability means depriving the other party some cash,hence it is positive and vice versa.

4 0
3 years ago
On May 1, 2016, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract requires Varga to pr
saw5 [17]

Answer:

Varga should recognize $4,000 as revenue in 2016.

Explanation:

As the cash received in advance is recorded as unearned revenue which is a liability for the Varga Tech Services because they did not provide the services yet. On  December 31,  Eight months have passed and services for these month has been provided. So the revenue of 8 month months of 2016 will be recognized and recorded at year end.

Serive Contract = $6,000 for 12 months

Revenue Recognized in 2016 = $6,000 x 8/12 = $4,000

4 0
3 years ago
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