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AnnZ [28]
3 years ago
15

On July 3, 2009, Devin purchased 100 shares of CDEF stock at a cost of $30 per share. His commission was $29. He sold his shares

on July 6, 2011, at a price of $45 per share less another $29 commission. During the time he held the stock, he earned dividends of $2.50 per share. What was his total return on his investment
Business
1 answer:
vichka [17]3 years ago
8 0

Answer:

$1,692

Explanation:

Data provided in the question:

Number of shares purchased = 100

Cost of stock = $30 per share

Commission = $29

Selling price per share = $45

Commission for selling = $29

Earned dividends = $2.50 per share

Now,

Total Return

= Number of Shares × (Sale Price - cost + Total dividends) - Total Commissions

or

Total Return = 100 × ($45 - $30 + $2.50) - (2 × $29)

or

Total Return = $1750 - $58

or

Total Return = $1,692

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Which of the following statements are true about organizational culture? Check all that applya. Employees may be unaware of the
erma4kov [3.2K]

Answer:

statements "a" "b" and "d" are true

Explanation:

The <u>statements "a" "b" and "d" are true</u> because employees may be uninformed of the underlying hypotheses that supervise an organization's culture. Culture can generate ambitious resources for a company. The actions managers exert can improve a company's culture. Organizational culture encompasses values and practices that provide the different social furthermore psychological situation of a company. The organizational culture changes the way people communicate, the circumstances within which culture is created, the revolution they will have towards specific changes, and presently the way they participate.

6 0
4 years ago
Stock X has a beta of 0.7 and Stock Y has a beta of 1.3. The standard deviation of each stock's returns is 20%. The stocks' retu
kipiarov [429]

Answer:

e. Portfolio P has the same required return as the market (rM).

Explanation:

The answer is e.  Portfolio P has the same required return as the market (rM).

let's find the beta  of the portfolio = 0.5 * 0.7 + 0.5 * 1.3 = 1.0

From the information above , the required return on the portfolio = risk free rate + beta * (Expected market return - risk free rate) = risk free rate + 1 * (Expected market return - risk free rate) = Expected market return.

6 0
3 years ago
Routsong Corporation had the following sales and production for the past four years:
andreyandreev [35.5K]

Answer:

B. Because of the changes in production levels, under variable costing the unit product cost will change each year

Explanation:

In variable costing, Product Cost is the total of variable manufacturing costs only. Whereas in Absorption costing, the Product cost is the total of both variable and fixed manufacturing overheads.

The following statements is not correct : Because of the changes in production levels, under variable costing the unit product cost will change each year.

6 0
3 years ago
Wilbert's Clothing Stores just paid a $1.25 annual dividend. The company has a policy whereby the dividend increases by 2% annua
Anon25 [30]

Answer:

option (C) $1,353

Explanation:

Annual dividend paid = $1.25

Increase in dividend annually, g = 2%

Number of stocks to be purchased = 100

Rate of return, r = 12%

Price at the end of Year 3 = \textup{Annual dividend}\times\frac{\textup{(1+g)}^n}{\textup{r-g}}

here, n = 4 (after 3 years)

Price at the end of Year 3 = \textup{1.25}\times\frac{\textup{(1+0.02)}^4}{\textup{0.12-0.02}}

or

Price at the end of Year 3 = \textup{1.25}\times\frac{\textup{1.0824}}{\textup{0.1}}

or

Price at the end of Year 3 = $13.53

Therefore,

Expected amount to be paid for 100 shares = $13.53 × 100 = $1,353

Hence,

the correct answer is option (C) $1,353

8 0
3 years ago
When the increase in the price of one good causes the demand for another good to decrease, the goods are Group of answer choices
miskamm [114]

Answer:

complements.

Explanation:

Complementary goods are those goods that can be used together. When there is complementary goods so if there is a rise in the price of one good so it reduced the quantity demanded for that particular good so automatically its complementary good demand is also reduced as the goods are used together

Therefore as per the given situation, the option 2 is correct

8 0
3 years ago
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