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LekaFEV [45]
2 years ago
7

Four months ago, you purchased 1,300 shares of lakeside bank stock for $23.32 a share. you have received dividend payments equal

to $.61 a share. today, you sold all of your shares for $24.32 a share. what is your total dollar return on this investment?
Business
1 answer:
Marina CMI [18]2 years ago
7 0
<span>If I purchased 1,300 shares of lakeside bank stock for $23.32 a share. The total worth of the share is 1, 300 * 23.32 = $30, 316. Okay I received payments dividend worth 0.61 a share; that becomes 0.61 * 23.32 = $14.2252. I sold 1, 300 shares for $24.32. So I sold it for 1, 300 * 24.32 = $31616. My total return = (Amount I sold the share + dividend received) - Amount I bought the share. So we have (31616 + 14.2552) - 30316 = $31630.2552 - $ 30, 316 = $1314.2552</span>
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3 years ago
If Zephyr Electronics obtains an 18 percent return on invested capital, which of the following willhelp determine if it has a co
nika2105 [10]

Answer:

A) comparing the return to the return on invested capital obtained by other firms in the industry.

Explanation:

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So if we want to determine if Zephyr Electronics 18% return on invested capital (ROIC) provides them a competitive advantage over its competitors, we have to compare Zephyr's ROIC with the ROIC of the rest of the major firms in the industry.

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3 years ago
What does ships in 1 2 business days mean?
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8 0
3 years ago
Read 2 more answers
g had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account balances of R
andrew-mc [135]

Answer: $101 million

Explanation:

The amount that Ross should report as income tax expense in its 2021 income statement will be calculated thus:

First, we'll calculate the deferred tax asset in valuation allowance which will be:

= Deferred tax asset before valuation allowance - Deferred tax asset after valuation allowance

= $170 million - $130 million

= $40 million

Then, income tax expense will be:

Income taxes payable= $90 million

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5 0
3 years ago
On December 31, the company's Cash account had a balance of _____. $40,000 $54,000 $110,000 $124,000
notka56 [123]

Answer:

The company's Cash account had a balance of <u>$54,000</u> on December 31.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the questions as follows:

Company's cash account had balance of 14000 on January 1

Receipts from customers- 50,000

payments for dividends- 10,000

receipts for dividends- 5,000

payments for merchandise- 25,000

receipts from issuance of stock- 20,000

On December 31, the company's cash balance is?

A 40,000

B 54,000

C 110,000

D 124,000

The explanation of the answer to the question is now given as follows:

the company's Cash account balance On December 31 can be obtained by simply adding the total cash receipts to and deducting the total cash payments from the Company's cash account balance of 14000 on January 1. This can be expressed as follows:

Cash balance on December 31 = Cash account balance on January 1 + Total cash receipts - Total cash payments .............. (1)

Where we have:

a. Cash account balance on January 1 = $14,000

b. Calculation Total cash receipts

Details                                                     $  

Receipts from customers                  50,000

receipts for dividends-                         5,000

receipts from issuance of stock     <u>   20,000   </u>

Total cash receipts                       <u>     75,000    </u>

c. Calculation Total cash payments

Details                                                      $  

Payments for dividends                     10,000

payments for merchandise            <u>   25,000  </u>

Total cash payments                     <u>   35,000  </u>

Substituting the values into equation (1), we have:

Cash balance on December 31 = $14,000 + $75,000 - $35,000 = $54,000

Therefore, the company's Cash account had a balance of <u>$54,000</u> on December 31.

6 0
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