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Hitman42 [59]
3 years ago
15

Suppose a stock had an initial price of $87 per share, paid a dividend of $2.15 per share during the year, and had an ending sha

re price of $98. Compute the percentage total return. What was the dividend yield
Business
1 answer:
djyliett [7]3 years ago
3 0

Answer:

Percentage total return is 12.64%

Dividend yield is 2.19% or 2%

Explanation:

Computing the percentage total return by using the formula:

Percentage total return = Gain or loss / Initial price × 100

where

Gain or loss is determined as:

Gain or loss = Ending Share price - Initial price

= $98 - $87

= $11 (it is a gain)

Initial price is $87

Putting the values above:

Percentage total return = $11 / $87 × 100

= 12.64%

Computing the dividend yield by using the formula:

Dividend yield = Annual dividend per share /  Stock's price per share

where

Annual dividend per share is $2.15

Stock's price per share is $98

Putting the values above:

Dividend yield = $2.15 / $98

= 2.19% or 2%

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Answer:

$278,000

Explanation:

Given the above, cost of goods manufactured is computed as

= Direct materials + Direct labor + Applied overhead + Beginning work in process - Ending work in process

= $40,000 + $100,000 + $120,000 + $30,000 - $12,000

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Cost of goods manufactured is $278,000

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2 years ago
The long-time CEO of a large paper company is retiring. the members of the board want to make sure that the new person they hire
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<h2>Leadership quality is required for the CEO</h2>

Explanation:

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7 0
3 years ago
Based on predicted production of 17,000 units, a company anticipates $255,000 of fixed costs and $216,750 of variable costs. The
Arturiano [62]

Answer:

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variable costs = (15,000 / 17,000) x $216,750 = $191,250

Explanation:

A flexible budget is prepared in order to compare how budgeted revenues and costs actually worked out. In other words, if actual revenues and costs were similar to the budget previously prepared. A flexible budget adjusts actual results and helps management control how efficient the company was in following their budget. That is why a flexible budget is done after the budgeted period is over.

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6 0
3 years ago
MC Qu. 90 A company is planning to purchase... A company is planning to purchase a machine that will cost $30,600 with a six-yea
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Answer:

Accounting rate of return = 20.53%

Explanation:

<em>The accounting rate of return is the average annual income expressed as a percentage of the average investment.</em>

The simple rate of return can be calculated using the two formula below:

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= Annual operating income/Average investment × 100

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Accounting rate of return = 20.53%

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3 years ago
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