Answer:
(a) 27.35%
(b) 2.57%
Explanation:
Given that,
Ending price = $141
Initial price = $113
Dividend = $2.90
(a) Percentage total return %:
= [(Ending price - Initial price) + Dividend] ÷ Initial price
= [($141 - $113) + $2.90] ÷ $113
= 0.2735 or 27.35%
Therefore, the percentage total return 27.35%.
(b) Dividend yield:
= Dividend ÷ Price
= $2.90 ÷ $113
= 0.0257 or 2.57%
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Answer:
The ammount due at the end of the loan adds for $27,456
Explanation:
If the payment is in full at maturity, the man must pay the principal of 26,000 plus the interest during the period of 4 years.
It is important to notice that the loan is done at simple interest, so the interest does not capitalize.
Answer:
d. A credit to Prepaid Insurance for $680.
Explanation:
The computation of the prepaid insurance is shown below:
Given that
Four month prepaid insurance = $2,720
For one month, the prepaid insurance is
= $2,720 ÷ 4 months
= $680
Since we have to record the prepaid expenses for 1 month, we divided the total prepaid insurance by the 4 months due to that it decreases by $680 and that's why we credited this account
Answer:
E) He will be able to rescind the agreement because Weaver committed fraudulent misrepresentation.
