One year ago, you purchased 300 shares of Southern Cotton at $32.60 a share. During the past year, you received a total of $280
1 answer:
Answer:
Total Return on investment=12.678%≅12.68%
Explanation:
Given;
Number of Shares= 300
Purchasing price of each share=$32.60
Total Dividends= $280
Selling price of each share= $35.80
Find:
Total Return on investment=?
Solution:
Total Return on investment=
Total Return on investment=0.12678
In Percentage:
Total Return on investment=12.678%≅12.68%
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Answer: See attachment
Explanation:
a. Based on the information in the attachment, the indirect costs that's allocated to the units will be:
Government = 450,000
Corporate = 750,000
The expected revenue that can be generated from the government unit will be:
= 495,000 × (100% + 15%)
= 495,000 × 1.15
= $569250
b. Based on the information given, the indirect costs that's allocated to the units will be:
Government unit = 360,000
Corporate unit = 840,000
The revenue from the government will be:
= 405000 × (100% + 15%)
= 405000 × 115%
= 405000 × 1.15
= $465750
c. If the firm chooses total hours worked as the cost driver, the indirect costs be allocated to the two units as:
Government = 400,000
Corporate unit = 800,000
Revenue from government will be:
= 445000 × 115%
= 445000 × 1.15
= $511750
Check attachment for further explanation.
