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inna [77]
3 years ago
10

Stock in Trochel Office Supplies trades at $72.40 per share and pays a yearly dividend of $6.92 per share. If David owns stock i

n Trochel Office Supplies worth $6,443.60, how much does he get paid in yearly dividends? a. $678.16 b. $931.16 c. $615.88 d. $560.52 Please select the best answer from the choices provided A B C D
Business
1 answer:
Naddika [18.5K]3 years ago
5 0

Answer:

c. $615.88

Explanation:

David owns a total 6,443.6

Each share value is 72.40

We have to divide his amount over the cost of each share to know how many shares David has.

$ 6,443.60 total investment / $72.40 per share= 89 shares

Trochel Office Supplies pays 6.92 dollars per share

Therefore, total dividends paid to David:

89 shares x 6.92 dollars = $ 615.88 total dividends

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Answer:

Oct 1

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Cr Accounts Payable $620

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Cr Fees Earned $350

Octd 7

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Cr Cash$900

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Oct 9

Dr Accounts Payable $620

Cr Cash $620

Explanation:

Preparation of the journal entries

Oct 1

Dr Supplies $620

Cr Accounts Payable $620

Oct 6

Dr Cash $350

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Octd 7

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Cr Cash$900

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($2,500-$900)

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Dr Accounts Payable $620

Cr Cash $620

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Answer: \dfrac{r}{n}

Explanation:

If r is the number of successes out of n trials , then the sample proportion of success = \hat{p}=\dfrac{r}{n}

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i.e. a point estimate for the probability of success p on a single trial :

p=\hat{p}=\dfrac{r}{n}

Hence, a point estimate for the probability of success p on a single trial = \dfrac{r}{n}

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The mississippi college savings account program helps children save for more expensive schools by starting a savings account at a very young age.

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