If some contributions to your pension or annuity plan were prior combined in gross income, you can omit the part of the distributions from income. You must know the tax-free part when the payments start. The tax-free part normally stays the same each year, even if the amount of the payment changes. Nevertheless, the whole amount of your pension or annuity that you can omit from your income is typically defined by your total cost.
Answer:
Percentage total return is 12.64%
Dividend yield is 2.19% or 2%
Explanation:
Computing the percentage total return by using the formula:
Percentage total return = Gain or loss / Initial price × 100
where
Gain or loss is determined as:
Gain or loss = Ending Share price - Initial price
= $98 - $87
= $11 (it is a gain)
Initial price is $87
Putting the values above:
Percentage total return = $11 / $87 × 100
= 12.64%
Computing the dividend yield by using the formula:
Dividend yield = Annual dividend per share / Stock's price per share
where
Annual dividend per share is $2.15
Stock's price per share is $98
Putting the values above:
Dividend yield = $2.15 / $98
= 2.19% or 2%
Answer:
Reconciled balance for both bank and cheque book statement is $2,572.51
Explanation:
To find the reconciled balance, we start of with reconciling the bank statement with cheque book statement
Bank statement
Balance as per bank statement
$2009.32
Add: deposits in transits
$1,197.87
Less: outstanding checks
($310.18 + $324.50)
Reconciled balance
$2,572.51
Cheque book
Balance as per cheque book
$2,469.31
Add: interest earned
$109.20
Less: service charge
($6)
Reconciled balance
$2,572.51.
Kids' Corner, a toy store, ordered a supply of stuffed toys from Toyland Inc. The toys were supposed to be delivered on the 1st of December but were sent to Kids' Corner on the 5th of December. There has been a(n) _____ of contract.
A. compensatory breach
B. anticipatory breach
C. material breach
D. concurrent breach
<u>Correct Option:</u>
There has been a <u>material breach</u> of contract.
<u>Option: C</u>
<u>Explanation:</u>
A contract law concept that applies to a non-performance under the contract that is sufficiently serious to give the grieved party the right to sue for contravention of the contract, is understood as a material break or infringement.
If a substantive violation has occurred, the aggrieved party is therefore deprived of a contractual duty to further results. Here the Kids' Corner toy store ordered a supply of stuffed toys from Toyland Inc. but received order in delay date, which is considered as material breach due to late delivery of expected material.
Answer:
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