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2 years ago

If Apr of a savings account is 2.7% and interest is compounded quarterly, what is the approximate APY of the account

Business

1 answer:

solniwko [45]2 years ago

8 0

Answer:

0.0273 = 2.7%

Explanation:

APY = (1 + r/m)^m - 1

= (1 + 0.027/4)^4 - 1

= 0.0273 = 2.73%

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Three Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends wi

miv72 [106K]

Answer:

$10.82

Explanation:

The computation of one share of stock is shown below:-

Expected dividend = Annual dividend × (1 + Growth rate)

= $1.42 × (1 + 1.3%)

= $1.42 × 1.013

= $1.44

Stock value = Expected dividend ÷ (Required return - Growth rate)

= $1.44 ÷ (14.6% - 1.3%)

= $1.44 ÷ 13.30%

= $10.82

Therefore for computing the stock value we simply applied the above formula.

8 0

3 years ago

an analyst gathered the following data about a company: 1,000 common shares are outstanding (no change during the year). net inc

SashulF [63]

The company's diluted earnings per share is $4.09

<h3>What is Diluted Earnings per share?</h3>

A metric known as "diluted EPS" is used to assess how well a company's earnings per share (EPS) would perform if all convertible securities were exercised. The entire circulating supply of convertible preferred shares, convertible debentures, stock options, and warrants are considered convertible securities. Take a company's net income to determine diluted EPS.

Net income - any preferred/ by the sum of the weighted average number of shares outstanding and dilutive shares (convertible preferred shares, options, warrants, and other dilutive securities).

$5000-$500/1,100= $4.09

To know more about Earning per shares visit:

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8 0

1 year ago

On April 2, Kelvin sold $40,000 of inventory items on credit with the terms 1/10, net 30. Payment on $24,000 sales was received

motikmotik

Answer:

Explanation:

The journal entry is shown below:

1. Accounts receivable A/c Dr $160

To Sales discounts forfeited $160

(Being sales discount is recorded)

The computation of the sales discount is shown below:

= (Sales value - payment made) × discount rate

= ($40,000 - $24,000) × 1%

= $160

2. Cash A/c Dr $16,000

To Accounts receivable A/c $16,000

(Being cash is received)

4 0

3 years ago

Which one is the correct answer ?

Vinil7 [7]

Answer:

I believe its B.

Explanation:

C and D don't make any sense since it is impractical to suffer during the hot months, and A is wrong (I believe) since the budget needs to be shifted to bring attention to the AC. So by elimination its B.

8 0

2 years ago

Western Electric has 31,500 shares of common stock outstanding at a price per share of $78 and a rate of return of 13.05 percent

S_A_V [24]

Answer:

WACC = 11.13%

Explanation:

total market value common stocks = 31,500 x $78 = $2,457,000

total market value of preferred stock = 7,250 x $94.50 = $685,125

total market value of debt = $401,000 x 1.105 = $443,105

total = $3,575,230

Rcs = 13.05%

Rps = $7.70 / $94.50 = 8.15%

Rd = 8.05%

WACC = ($2,457,000/$3,575,230 x 13.05%) + ($685,125/$3,575,230 x 8.15%) + ($443,105/$3,575,230 x 8.05% x 60%) = 8.968% + 1.562% + 0.6% = 11.13%

8 0

3 years ago