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n200080 [17]
3 years ago
7

You purchased 1,600 shares of Barrett Golf Corp. stock at a price of $36.70 per share. While you owned the stock,you received di

vidends totaling$.75 per share. Today, you sold your stock at a price of $40.83 per share. What was your total dollar return on the investment
Business
1 answer:
Anarel [89]3 years ago
5 0

Answer: $7808

Explanation:

From the question, 1600 shares of Barrett Golf Corp were purchased stock at a price of $36.70 per share. While owning the stock, dividend totaling $.75 per share was received. Today, the stock was sold at a price of $40.83 per share. The total dollar return on the investment will be:

Dollar return = Number of shares × (Sale price + Dividend - Purchase price)

= 1600 × (40.83 + 0.75 - 36.70)

= 1600 × (41.58 - 36.70)

= 1600 × 4.88

= $7808

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Answer:

Country X will have higher growth potential than country Y.

8 0
3 years ago
On January 1, 2020, Tamarisk Corporation issued $700,000 of 9% bonds, due in 8 years. The bonds were issued for $740,784, and pa
EleoNora [17]

Answer:

Cash   740,783 debit

  Bonds payable    700,000 credit

  Premium ob BP      40,783 credit

--to record issuance--

Interest expense 29,631.32 debit

premium on BP      1,868.68 debit

         cash                     31,500  credit

--to reocrd first interest payment--

Interest expense 29,556.57 debit

premium on BP      1,943.43 debit

     interest payable          31,500  credit

--to record accrued interest at year-end on BP--

Explanation:

procceds                      740,783

face value                <u>     700,000    </u>

premium on bonds payable 40,783

When comparing, the firm received more than the face value hence, there is a premium on the bonds as the coupon payment are above the market rate.

Now, the interest will be calculate as follow:

carrying value x market rate:

740,783 x 0.08/2 = 29,631.32 interest expense

cash outlay:

700,000 x 0.09/2 = 31,500

amortization on premium (difference) 1,868.68

new carrying value: 740,783 - 1,868,68 = 738,914

second payment accrual:

738,914 x 0.04 = 29,556.57

cash outlay                  31500

amortization    1,943.43

7 0
3 years ago
Oriole Company bought equipment for $290000 on January 1, 2021. Oriole estimated the useful life to be 5 years with no salvage v
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Answer:

$43,500

Explanation:

Calculation for What is the revised depreciation expense for 2022

2022 Revised depreciation expense=290,000/4 years

2022 Revised depreciation expense=72,500

2022 Revised depreciation expense=(290,000-72,500)/(6-1)

2022 Revised depreciation expense=217,500/5

2022 Revised depreciation expense=$43,500

Therefore the revised depreciation expense for 2022 is $43,500

8 0
2 years ago
Read 2 more answers
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TEA [102]

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Marketing materials cost the entity some funds to produce.  They should not be wasted.  In addition, the number of participants with some details like names and contact information should be captured for future marketing efforts.  Allowing participants to have free access to the marketing materials that cost so much without driving any potential customer list is not prudent.

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3 years ago
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Cars are going nowhere, customers are waiting. Some people are more patient than others.

The best way to deal with long lines of cars is to not put yourself under pressure. This can be harder than it sounds, as it's mostly a learnable skill.

A job as a cashier like this is a great place to learn skills that will be very useful, both personally and professionally, for a lifetime.

Learn more about cashiers at

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4 0
2 years ago
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