Michael's initial investment is $45.80, the cost of the share.
Michael Receives $1.71 in dividends.
He receives $47.50 for the stock when he sells it.
His profit on the sale of the stock is $47.50 - 45.80 = $1.70.
His total return on the stock is his total earnings, the dividends plus his profits on the sale of the stock, divided on what he paid initially, $45.80:
(1.71 + 1.70) ÷ 45.80 = .0744 = 7.45%
7.45% return on investment in less than a year, not bad!
Closest answer is 7.7%, not sure why it isn't exactly 7.45 or 7.5%.
Answer is B) 7.7%
Answer:
Your commission check for the 20% would be $160,000 and your 30% would be $240,000.
Step-by-step explanation:
To find each of these, multiply the total number of sales by the percentage of the commission.
$800,00*20% = $160,000
$800,000*30% = $240,000
Answer:
Step-by-step explanation:
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