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AlekseyPX
2 years ago
14

Rx Corp. stock was $60.00 per share at the end of last year. Since then, it paid a $1.00 per share dividend last year. The stock

price is currently $62.50. If you owned 400 shares of Rx, what was your percent return?
Business
1 answer:
Aleksandr-060686 [28]2 years ago
3 0

Answer:

Percentage Return  = 5.83%

Explanation:

Given data:

per share cost =$60.00

dividend $1.00 per share

stock price $62.50

total number of share  = 400

WE know that return is given as

Return = (Ending Value - ( Beginning Value + Income)

where,

Ending value = stock price* number of shares

Beginning value  = per share cost * number of shares

income =  dividend* number of shares,

so we have return value

           = ($62.50 x 400) - ($60.00 x 400 + $1.00 x 400) = $1400

Percentage\ Return = \frac{1400}{60 x 400}

Percentage Return  = .0583

Percentage Return  = 5.83%

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The logical sequence of the phases of a business cycle is: ____________
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Answer:

phases in the sequence of Recession, trough, expansion and Peak

Explanation:

we know that 4 phases of a business cycle are

peak and  downturn (recession) and trough and upturn (expansion)

top of cycle is called peak

and boom is a very high peak

recession where conomic activity is falling from the peak

and when decline persist for more than 2 consecutive quarters that is recession

and The bottom of the recession is trough

so we know business cycle is a economic model  that describe fluctuation in economic activity

and that includes production of goods and service and business cycle go through its phases in the sequence of Recession, trough, expansion and Peak

7 0
3 years ago
A _____ is an organizational group responsible for coordinating the project management function throughout an organization. a. P
kow [346]

Answer:

Project Management Office is the correct answer.

Explanation:

Project Management Office is a department that focuses on and maintains the quality and overview of project management throughout the organization.

The objective of the Project Management Office is to give a platform that supports all the project teams to achieve and improve the chances of successful outcomes.

5 0
3 years ago
Jean, a 35-year-old mother of two, has been with her firm for 15 years. She wants to transfer out of the computer room of her or
Assoli18 [71]

Answer:

b. Pregnancy Discrimination Act of 1.

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The Pregnancy Discrimination Act "prohibits sex discrimination on the basis of pregnancy." According to the act, "if an employee is temporarily unable to perform her job due to pregnancy, the employer must treat her the same as any other temporarily disabled employee".

Therefore, since Jean claims she cannot lift 90-pound boxes due to her pregnancy, she should be protected by this act.

8 0
2 years ago
Indicate whether the following actions would increase, decrease, or not affect Indigo Inc.'s total assets, liabilities, and stoc
Elenna [48]

Explanation:

The effects are as follows:

a. In the first option, there is No effect in any item of the financial statements

b. In the second option, there is  No effect in any item of the financial statements

c. In the third option, there is No effect in any item of the financial statements

d. No impact on the assets but it increases the liabilities side and decreases the stockholder equity

The journal entry is shown below:  

Retained earning A/c Dr  XXXXX

    To Dividend payable  A/c XXXXX

(Being cash dividend declared)  

When the dividend is declared, the dividend amount should be subtracted from the retained earning account.  

And, since the dividend is declared that increases the balance of dividend

In addition, the dividend payable and the retained earning account have a credit balance. The increase in dividend payable account would have credit balance whereas the decrease in retained earning account has a debit balance.  

e. Paying the cash dividend declared in (d)        

The journal entry is shown below:

Dividend payable A/c XXXXX

           To Cash A/c XXXXX

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Since it reduces the liabilities and the asset side also but it does not have any impact on the stockholder equity

7 0
3 years ago
The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3
Paul [167]

Answer and Explanation:

The computation of the equivalent units of production for both material and the conversion cost is shown below:

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Unit transferred out                                9,700                            9,700

Add:

Ending work in process                         8,300                            3,818

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Total equivalent unit                               18,000                         13,518

6 0
3 years ago
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