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wlad13 [49]
3 years ago
15

Seven months ago, you purchased 140 shares of Mitchum Trading for $50.07 per share. The stock pays a quarterly dividend of $.17

per share and is currently priced at $51.03. What is the total dividend income you received
Business
1 answer:
sesenic [268]3 years ago
4 0

Answer:

The answer is $47.6

Explanation:

Solution

Given that

You bought = 140 shares of  Mitchum Trading for $50.07  per share

The quarterly dividend = $.17

The current price = $51.03

So we find the total dividend income you received which is computed below:

The total dividend received = (0.17 * 2) * 140

=(0.34) * 140

= $47.6

Therefore the total dividend of income that you received is $47.6

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Linguini Inc. adopted dollar-value LIFO (DVL) as of January 1, 2018, when it had an inventory of $841,000. Its inventory as of D
Andru [333]

Answer:

760,000

Explanation:

First find ending inventory at base pricing:

$874,000/1.15 = 760,000

Calculate real dollar increase/decrease in quantity

760,000-841,000 = -81,000

Since it is a decrease in quantity, you use prior period cost index. Prior period is the base year so you just use 1.0 which means that -81,000 stays the same

so now it is 841,000-81,000=760,000

8 0
3 years ago
Berry Good LLC registers its trademark with the U.S. Patent and Trademark office and uses it to market a distinctive line of ice
artcher [175]

Answer:

b. Creamy Inc.

Explanation:

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7 0
3 years ago
Absent government regulations to guard against​ fraud, why might top managers deceive investors about the true financial condi
Inessa [10]

Answer:

The correct answer to why top managers might want to deceive investors about the true financial condition of their firm is option E) all of the above

Explanation:

The aim of management is to ensure that the company is profitable in order to increase its value and investment worthiness.

However, sometimes, they fall short due to internal and external factors that reduce profitability and increase liabilities. When this occur, the account books will show the unfavorable numbers. A deficit situation reflects negatively on the stock price and when shareholders are not getting a good return on their investment, they usually liquidate their shares and invest elsewhere.

To avoid that from happening, Top Managers usually hide liabilities that should be listed on the balance sheet to keep the firm's stock price up, inflate profits to enhance compensation tied to the firms profitability to reduce cost of expensive external audits.

5 0
4 years ago
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BartSMP [9]
Hello there~


The correct answer is C - Email message.


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I hope this helps!
7 0
3 years ago
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Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change in the broad stand
Mars2501 [29]

Answer:

a. Overstate b. Understate c. Understate d. Understate

Explanation:

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4 0
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