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natima [27]
3 years ago
6

To calculate your return on a stock: If you bought a stock at $80 and earned a $3.00 dividend over the year and at the end of th

e year the stock value was $84, your return would be:
a. 8.75%
b. 8%
c. 9%
d. 9.25%
Business
1 answer:
grandymaker [24]3 years ago
7 0
New value: $87
new-orig= $7
7/80= 0.0875=87.5%
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Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following sto
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Solution :

                                      Tarrant Corporations

First of all let us prepare the Journal Entries

1. Cash     (7000 x 38)                                     266,000

  Common stock (7000 x 19)                                                       133,000

  Paid in capital in excess of stated value

  common stock   (7000 x 19)                                                      133,000

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   common stock  (2600 x 19)                                                       49400

   Paid in capital in excess of stated value

     Common stock (2600 x 24)                                                    62400

3. Income summary                                        7000

    Retained earing                                                                         7000

                        Tarrant corporation

Balance sheet - shareholder's section

Share holder's equity

Contributed capital

$ 19 par, issued and outstanding 9600 shares   =  182400

Paid in capital in excess of par                                 196800

Total contributed capital                                            379200

Retained earnings                                                          7200

Total shareholder's equity                                          372,000                              

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