1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>
You might be interested in
True or False: Economists believe that social regulation is an exception to the MB = MC rule because social regulation should in
Soloha48 [4]

Answer:

TRUE

Explanation:

The statement is True. Economists believe that social regulation is an exception to the MB=MC rule. The social regulation is an important aspect for a company as a repsonsibility towards the society. There must be awareness among the customers about the products offered to them and advantages of its utilisation to them. This includes the efforts of the companies to advertise the product ina proper manner. It also requires the company to be fair with their customers with respect to the ingredients or the raw material to be used by the manufacturers of the products. The working conditions of the manufacturing firms must be adequate for the employees to deliver an efficient product.

Thanks

8 0
3 years ago
At September 1, 2022, Coronado Industries reported Retained Earnings of $397620. During the month, Coronado generated revenues o
Angelina_Jolie [31]

Answer:

Closing retained earning is $414,540

Explanation:

The Retained Earnings figure can be calculated using the following equation:

Closing Retained Earnings = Opening Retained Earnings + (Sales - Expenses - Dividends)

Here

Opening balance of Retained Earning is $397,620

Revenues is $56,400

Expenses are $33,840

Dividends paid are $5,640

The purchased equipment is not considered here because it is increase in asset not an increase or decrease in revenue or expenses. So it is not considered here.

So by putting values, we have:

Closing Retained Earnings = $397,620 + ($56,400 - $33,840 - $5,640)

Closing Retained Earnings = $414,540

8 0
3 years ago
Which of the following is the number one method of financing for most new businesses?
Sergeeva-Olga [200]
Previous business sales
8 0
2 years ago
Read 2 more answers
Liang Company began operations in Year 1. During its first two years, the company completed a number of transactions involving s
vesna_86 [32]

Answer:

2016

a. Dr Account receivable $1,353,000

Cr Sales revenue $1,353,000

Dr Cost of goods sold $979,100

Cr Inventory $979,100

b Dr Allowance for doubtful accounts $20,900

Cr Account receivable $20,900

c Dr Cash $669,200

Cr Account receivable $669,200

d Dr Bad debt expense $33,495

Cr Allowance for doubtful accounts $33,495

2017

e Dr Account receivable $1,544,700

Cr Sales revenue $1,544,700

Dr Cost of goods sold $1,318,300

Cr Inventory $1,318,300

f Dr Allowance for doubtful accounts $27,000

Cr Account receivable $27,000

Dr Cash $1,194,200

Cr Account receivable $1,194,200

h Dr Bad debt expense $33,147

Cr Allowance for doubtful accounts $33,147

Explanation:

Preparation of the journal entries to record Liang's 2016 and 2017 summarized transactions and its year-end adjustments to record bad debts expense

2016

a. Dr Account receivable $1,353,000

Cr Sales revenue $1,353,000

Dr Cost of goods sold $979,100

Cr Inventory $979,100

b Dr Allowance for doubtful accounts $20,900

Cr Account receivable $20,900

c Dr Cash $669,200

Cr Account receivable $669,200

d Dr Bad debt expense $33,495

Cr Allowance for doubtful accounts $33,495

($1,353,000-$669,200-$20,900=$662,900)

($662,900*1.90%+$20,900)

($12,595+$20,900=$33,495)

2017

e Dr Account receivable $1,544,700

Cr Sales revenue $1,544,700

Dr Cost of goods sold $1,318,300

Cr Inventory $1,318,300

f Dr Allowance for doubtful accounts $27,000

Cr Account receivable $27,000

Dr Cash $1,194,200

Cr Account receivable $1,194,200

h Dr Bad debt expense $33,147

Cr Allowance for doubtful accounts $33,147

($1,544,700+$662,900-$1,194,200-$27,000=$986,400)

($986,400*1.90%=$18,742)

($18,742+$27,000-$12,595=$33,147)

5 0
2 years ago
During the business model design process the entrepreneur should spend zero time focusing on the uncertainties and external risk
ad-work [718]

Answer:

The correct answer is false

Explanation:

The business model design process  consists of five phases; mobilize, understand, design, implement, and manage.

7 0
3 years ago
Other questions:
  • April segal and her sister obtained a 25 year , $120,000 loan for their new home. The interest rate is 7.5 percent and their mon
    6·1 answer
  • The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The fo
    5·1 answer
  • Typically, a steering team or leadership team is responsible for all of the following project related roles EXCEPT:
    12·1 answer
  • Quantas Industries sold $300,000 of consumer electronics during January under a one-year warranty. The cost to repair defects un
    10·1 answer
  • In the sentence "Although the book was more than 50 years old, it still contained helpful information," the word Although is a(n
    15·1 answer
  • Monty Corp. receives $180,000 when it issues a $180,000, 10%, mortgage note payable to finance the construction of a building at
    12·1 answer
  • How many people lost their jobs when the minimum wage increased from $12 to $18?
    8·2 answers
  • The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3
    14·1 answer
  • Ten rational numbers between 4 and - 4​
    9·1 answer
  • A new security system has a price-tag of $8,000, but should save your company $3,600 each year for the next 10 years in reduced
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!