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3 years ago

8

You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual dividend of $5.00 per share fo

rever. What is the rate of return on your investment?

1 answer:

Masja [62]3 years ago

8 0

Answer:

<em><u>rate = 5.50/50 = 0.11 = 11%</u></em>

I believe it is..

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One of your employees mentions to you that there is an active grapevine in your organization. Which of the following assumptions

astraxan [27]

Answer:

c. develop a relationship with the person at the center of the grapevine so you can quickly spread and receive information throughout the organization

d. paying attention to what is said on the grapevine will give you a good serve of what employees are really thinking and feeling about the company.

Explanation:

Grape wine is a rumor and informal channel of communication that spread throughout the organization in all directions irrespective of the authorities and develops due to various reasons.

In order to manage this grape wine within the organization, the leaders may need o to defend the boundaries of grapevines and avoid the spread of rumors.

7 0

3 years ago

Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan.1 Inventory 26 units at

Mila [183]

Answer:

a. $26,400

b. $20,520

c. $24,140.64

Explanation:

a. The computation of inventory cost by the first-in, first-out method is shown below:-

Inventory cost under first-in, first-out method = Number of units × Unit cost of 3rd purchase

= 48 × $550

= $26,400

b. The computation of inventory cost by the last-in, first-out method is shown below:-

Inventory cost by Last in first out method = (Jan 1 units × Jan 1 Inventory per unit) + (Number of units - Jan 1 units) × Feb. 19 Inventory per unit

= (26 × $400) + (48 - 26) × $460

= $10,400 + $10,120

= $20,520

c. The computation of inventory cost by the average cost method is shown below:-

Average cost per unit = (26 × $400) + (57 × $460) + (62 × $540) + (60 × $550)

= $10,400 + $26,220 + $33,480 + $33,000

= $103,100

Per unit cost = Inventory cost ÷ Total number of units

= $103,100 ÷ (26 + 57 + 62 + 60)

= $103,100 ÷ 205

= $502.93

Inventory cost under average cost method = Per unit cost × Number of units

= 48 × $502.93

= $24,140.64

Therefore we have applied the formulas.

4 0

3 years ago

On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 74,000 shares authori

uysha [10]

Answer:

1, Journal entries

Date Account and explanation Debi$ Credit$

Treasury stock (5200*27) 140,400

Cash 140,400

(To record purchase treasury stock)

Cash (1,050*33) 34,650

Paid in capital from sale of treasury stock 6,300

Treasury stock (1,050*27) 28,350

(To record sale of treasury stock)

Cash (4,150*22) 91,300

Paid in capital from sale of 6,300

treasury stock

Retained earnings 14,450

Treasury stock (4,150*27) 112,050

(To record sale of treasury stock)

2. Revised equity section

<u>Contributed capital</u>

Common Stock 740,000

Paid in capital in excess of <u>226,000</u>

par value-Common Stock

Total paid in capital 966,000

Retained earnings <u> 880,000</u>

Total 1,846,000

Less: Treasury stock <u>(140,400)</u>

Total Stockholder's equity $<u>1,705,600</u>

5 0

3 years ago

The amount by which the overhead applied to jobs during a period exceeds the overhead incurred during the period is known as: Mu

liubo4ka [24]

Answer:

E. Over applied overhead

Explanation:

Over applied overhead is defined as excess amount of overhead applied during a production period over the actual overhead incurred during that period. In other words, it means excess overhead applied to work over the amount of overhead actually incurred.

When this occurs, it is called favourable variance and it is added to the budgeted profit in the end of the accounting period in a financial statement.

5 0

3 years ago

NEED HELP ASAP, WILL GIVE BRAINLIEST

mafiozo [28]

The answer is two and five.

4 0

2 years ago