Answer:
$4.8 per share annually
$1.20 per share quarterly
Explanation:
Stock Split is the issuance of additional share with proportion to the existing share holding. It increase the numbers of outstanding share of the company. Ir results in decrease in the market price of the share but the total market capitalization remains the same.
Dividend yield is the rate of dividend payment as per the market value of that share.
As per given data
Stock price = $60
Dividend yield = Dividend / Market Price
10% = Dividend / $60
Dividend = $60 x 10% = 46
On stock split, for every 2 shares, there will now be 3 shares. Shares are increase by 1.5 times (3/2).
After Stock Split
Share price = $60 / 1.5 = $40
Annual dividend amount per share before the increase
Dividend = $6.00 / 1.5 = $4.00 per share
Annual dividend amount per share before the increased by 20%
Dividend = $4 x 120% = $4.80 per share
Quarterly dividend payment = $4.80 / 4 = $1.20 per share
Answer:
Credit
Explanation:
The Common Stock Account is a also known as the stockholder's equity account.
Equity accounts maintain Credit balances with the corresponding Debit entries going to the Cash Received Account when the payment is made for the issued shares.
In the case of Rush Inc's issue of 10 shares at the Market Price of $10, the first entry in the Common Stock account is a Credit entry. Once, the corresponding debit entry will go the Cash Account.
Answer:
bartar system
Explanation:
Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is distinguishable from gift economies in many ways; one of them is that the reciprocal exchange is immediate and not delayed in time.
Answer:
don't even know what u really saying
Using the 20/10 rule: you should never borrow more than 20% of your annual net income and monthly payments shouldn't be more than 10% of your monthly net income.
In this situation, we know the yearly net income is $75,000.
First we want to multiply 20% by $75,000 = $15,000
$15,000 is 20% of your yearly net income.
This would be the most you'd want to borrow given the information provided.