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anygoal [31]
3 years ago
15

The common shares of the Hiboux Ltd have a book value of $21.60 and a market value of $28.60. The company pays $0.28 in dividend

s each quarter. What is the dividend yield? A. 1.0% B. 1.3% C. 3.9% D. 5.2%
Business
1 answer:
Kay [80]3 years ago
8 0

Answer: Option (c) is correct.

Explanation:

Shares book value = $21.60

market value = $28.60

Pays dividend in each quarter = $0.28

Annual dividend = Dividend in each quarter × 4

= $0.28 × 4 ⇒ $1.12

Therefore,

Dividend yield = \frac{Annual\ Dividend}{Current\ Price}

= \frac{1.12}{28.60}

= 3.9% (approx.)

Hence, dividend yield is 3.9%.

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In mutual v. ohio, the supreme court ruled that motion pictures were _____. inherently detrimental to society a business a form
Mariulka [41]
<span>In mutual v. ohio, the supreme court ruled that motion pictures were a spectacle for entertainment, not a form of speech. In this situation, they were trying to determine how to classify a motion picture. In the end, it was ruled that a motion picture better known as a movie, is a way for people to get entertainment from the product/service provided not considered a speech. </span>
5 0
3 years ago
The market value of Yeates Corporation’s common stock had become excessively high. The stock was currently selling for $270 per
Pani-rosa [81]

Answer:

b. the number of common shares outstanding is 930,000 and the stock split is $4.

Explanation:

Please see attachment

3 0
2 years ago
If the demand for a good is estimated to be _____, then firms producing the good will experience an increase in total revenue if
m_a_m_a [10]

Answer: elastic

Explanation:

Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.

For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.

7 0
3 years ago
Garrett Company provided the following information:
Shalnov [3]

Answer:

Correct option is C

<u>Overall operating income will decrease by $25,000.</u>

Explanation:

Sales ratio = Sales of product 1 : Sales of product 2 = 200,000:300,000 = 2:3

Sum of sales ratio = 2+3 = 5

Common fixed cost:

Product 1 = 2/5×46,000 = $18,400

Product 2 = 3/5×46,000 = $27,600

Total net operating income = Net operating income of product 1 + Net operating income of product 2 = 46,600+(2,600) = 46,600-2,600 = $44,000

Now, comparing with the total net operating income of both the product ($44,000) with only product 1 ($19,000); overall operating income decreases by $25,000 (44,000-19,000)

8 0
3 years ago
Skidmore Music Company had the following transactions in March:
finlep [7]

Answer: Check attachment

Explanation:

A cash basis income statement is simply referred to as an income statement which contains revenues and expenditures for the company whereby cash has either being received or paid by the company.

For accrual basis income statement, revenue and expenditures are recorded when they're either earned or made.

Check the attachment for more analysis.

5 0
3 years ago
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