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earnstyle [38]
3 years ago
15

You purchased 250 shares of a particular stock at the beginning of the year at a price of $104.32. The stock paid a dividend of

$2.34 per share, and the stock price at the end of the year was $113.65. What was your dollar return on this investment?
Business
1 answer:
Lunna [17]3 years ago
4 0

Answer:

$2917.50

Explanation:

The computation of the dollar return is shown below:

= (Stock price at the end of the year - Stock price at the beginning of the year + Dividend paid) × number of shares purchased

= ($113.65 - $104.32 +$2.34) × 250 shares

= $11.67 × 250 shares

= $2917.50

We simply added the stock price at the end of the year, dividend paid and deducted the stock price at the beginning of the year, then multiply it with the number of shares purchased so that the correct amount can come.

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Cierra, Inc. manufactures computer chips. Currently, the costs per unit are as follows: Direct materials $ 1.00 Direct labor 10.
Soloha48 [4]

Answer:

It is more convenient to make the component.

Explanation:

Giving the following information:

Direct materials $1.00

Direct labor 10.00

Variable manufacturing overhead 5.00

Total unitary variable cost= $16

Total fixed overhead= 8*10,000= $80,000

Proposal= 10,000 units for $22

If Cierra accepts the proposal, $50,000 of the fixed overhead will be eliminated.

We need to calculate the total cost of both options and determine which one is better.

Make in-house:

Total cost= 10,000*16 + 50,000= $210,000

Buy:

Total cost= 10,000*22= $220,000

It is more convenient to make the component.

5 0
3 years ago
On July 1, 2021, Ross-Livermore Industries issued nine-month notes in the amount of $1,200 million. Interest is payable at matur
zheka24 [161]

Answer and Explanation:

The computation of the interest expense that should be recorded to the following independent assumptions are as follows:

For December 31, 2021

= $1,200 × 11% × 6 months ÷ 12 months

= $66 million

For September 30, 2021

=  $1,200 × 8% × 3 months ÷ 12 months

= $33 million

For October 31, 2021

= $1,200 × 7% × 4 months ÷ 12 months

= $44 million

For January 31, 2022

= $1,200 × 4% × 7 months ÷ 12 months

= $77 million

6 0
3 years ago
John F. kennedy believed that a leader should be ___
tia_tia [17]
Vision, decision-making style, and delegation.
8 0
3 years ago
Read 2 more answers
On March 1, 2019, Baltimore Company's beginning work in process inventory had 9,500 units. This is its only production departmen
777dan777 [17]

Answer:

Total Equivalent Units  direct materials     25200  

Total Equivalent Units  conversion costs   20,000

Explanation:

Baltimore Company

Beginning work in process inventory  9,500 units

Units Started 25,200 units

Less Ending WIP inventory 8,600 units

Units Finished   16,600

Particulars         Units           % of Completion         Equivalent Units

                                     Mat. Conversion Costs     Mat. Conversion Costs

Ending W. I.P,    8600         100        (40%)            8,600       3440

<u>Completed        16,600       100         100             16,600        16,600</u>

<u>  Total Equivalent Units                                          25200      20,000</u>

First we find the Completed Units by subtracting the ending work in process from the units started. The Equivalents units can be calculated by either adding the beginning work in process and units started or by adding Ending Wip and completed  units.  By doing the both calculations we get the same number of equivalent units.

6 0
3 years ago
intext:"If a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for
valkas [14]

Answer:

the seller must record the land at the purchase price = $137,000

Explanation:

Fixed assets like land must always be recorded at historical cost. This is specially important regarding land because it doesn't depreciate and its carrying value will always be the purchase cost since it cannot be adjusted if the fair market value changes.

8 0
3 years ago
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