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
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%.

You might be interested in
Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s
Pani-rosa [81]

Answer:

$62,800

Explanation:

Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

n=1,300 +(0.3*900)\\n=1,570\ units

Since the company purchases each pet bed for $40, total budgeted purchases are:

P=\$40*n=\$40*1,570\\P=\$62,800

Garfield Corp's total budgeted purchases for March are $62,800.

6 0
3 years ago
The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on
Zina [86]

Answer:

24.3 days

Explanation:

Calculation for How long, on average, does it take the firm to collect on its sales

Using this formula

Average collection period = (Accounts receivable / Credit sales) * 365 days

Let plug in the formula

Average collection period =$30 million/$450 million *365 days

Average collection period =24.3 days

Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days

8 0
2 years ago
What does the CFO of a company do? A. Manage the financial health of the company B. Manage the technological areas of the compan
juin [17]
A Is the correct answer I think CFO stands for Chief Financial Officer. 
4 0
3 years ago
Read 2 more answers
You want to have $2.7 million when you retire in 37 years. You feel that you can save $600 per month until you retire. What APR
PilotLPTM [1.2K]

Answer:

9.87%

Explanation:

Calculation to determine What APR do you have to earn in order to achieve your goal

$2.7 million = $600{[(1 + r)444 − 1] / r}

r = .0082*100

r=.82%

r = .82% × 12

r = 9.87%

Therefore the APR you have to earn in order to achieve your goal is 9.87%

6 0
3 years ago
The ________ stage of the new-product process assesses the total "business fit" of the proposed new product with the company's m
borishaifa [10]

Answer:

Business analysis

Explanation:

The business analysis refers to the analysis of the business i.e whether the product is profitable or not it contains the attributes that the company want and the consumer wants. It should be done with the help of marketing strategy and research by their taste and preference. Is this product fits with the company mission and objectives or not

So the given situation represents the business analysis stage

5 0
3 years ago
Other questions:
  • Consider a one-year project that costs $126,000, provides an income of $70,000 a year for 5 years, and costs $225,000 to dispose
    13·1 answer
  • Marx and Springsteen provides​ hair-cutting services in the local community. In February, the business cut the hair of 200 ​clie
    6·1 answer
  • After these closing entries what will be the balance in the retained earnings account? Total Revenues $ 125,000 Total Expenses 6
    15·1 answer
  • Mason and Chenoa orally agree to a contract in which Mason will replace the fixtures in Chenoa’s bathroom. In exchange, Chenoa a
    9·1 answer
  • Where Is Monetary Policy​ Stronger? In an open​ economy, changes in monetary policy affect both interest rates and exchange rate
    8·1 answer
  • The San Francisco Bay Bridge has a toll in the westbound direction. Despite the toll, the bridge experiences congestion during m
    11·1 answer
  • Which tab provides you options like inserting a table, inserting a shape, or adding Audio/Video?
    14·1 answer
  • Historical Art is a new business. During its first year of operations, credit sales were $50,000 and collections from credit sal
    6·1 answer
  • What does Expected Family Contribution mean?
    10·2 answers
  • At a meeting held during passover, there are two buffet lines. one has matzo and no shrimp and the other has bread and shrimp. t
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!