Answer:
The Annual dividend amount is: $36.75 x 2.3% = $0.85
Explanation:
The dividend yield is the ratio of a company's annual dividend compared to its share price. The calculated formula of dividend yield as follows:
Dividend Yield =
Annual Dividend / Share Price
Hence, Annual Dividend = Share Price x Dividend Yield
Answer:
$47,100
Explanation:
The cost of goods available for sale is the sum of the opening balance and the net purchases during the period.
The net purchases is the difference between the total purchases and the allowances and discounts and returns.
Hence,
Cost of goods available for sale
= $15,000 + $40,000 - $2,000 - $500 - $5,700 + $300
= $47,100
