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satela [25.4K]
3 years ago
6

You own 230 shares of stock in Green Mild Chili Peppers, Inc., that currently sell for $50.70 per share. The company has announc

ed a dividend of $2.59 per share with an ex-dividend date of May 3. Assuming no taxes, what is the value of your portfolio on May 3
Business
2 answers:
Arturiano [62]3 years ago
6 0

Answer:

This equals $12,256.70 (230 x $50.70 + 230 x $2.59)

Explanation:

The value of the portfolio on May 3 is the sum of the market value of the shares plus the sum of the returns in form of dividends to be received.

This value adds the weight of the investment obtained by multiplying the total shares held with its market price to the expected dividend returns on the given date.

svetlana [45]3 years ago
6 0

Answer:

The value of the portfolio ex-dividend is $ 11,065.30  

Explanation:

On May 3, when the stock would have gone ex-dividend , it is expected that the share price would be marked down by the value of dividend paid,hence the portfolio should now be valued at ex-dividend price

The ex-dividend price =share price before dividend-dividend

   share price before dividend is $50.70

ex-dividend is $2.59

ex-dividend price=$50.70-$2.59

                              =$48.11

Value of portfolio=number of shares*ex-dividend price

number of shares is 230

value of portfolio=230*$48.11

                            =$ 11,065.30  

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e) Debit Factory overheads $72,000 Credit Accounts payable $72,000

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g) Debit Debit depreciation expense $90000 Credit Accumulated depreciation on Factory equipment $67,500 Credit Accumulated depreciation on selling and admin facilities $22,500

h)Debit Factory rent $92000 Debit selling and admin rent $23000 Credit Accounts payable $115000

i) Debit Work in process $417,100 Credit Manufacturing overhead costs $417,100

j) Debit Finished goods $950,000 Credit work in process $950,000

k) Debit Accounts receivables $2,100,000 Credit Revenue $2,100,000

    Debit cost of sales $980,000 Credit Finished goods $980000

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Accounts payable     290000            balance c/d                         63000

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opening balance             39000          finished goods                   950000

Raw materials                275000          balance c/d                       101100

salaries payable           320000

applied overheads      417100                                                        

                                    1051100                                                       1051100

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work in process             950000           balance c/d                   48000

                                      1028000                                                1028000

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salaries payable                    108000

accounts payable                  72000

depreciation                          67500

Accounts payable                92000

cost of sales (over)              8300

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Accounts payable                 7700           Profit and loss account    207200

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Depreciation                        22500

Accounts payable               23000

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closing goods         48000

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