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maw [93]
2 years ago
6

A stock paid $2.64 in dividends at the end of last year and is expected to pay a cash dividend

Business
2 answers:
Sindrei [870]2 years ago
4 0

Answer:

$117.26

Explanation:

Easy.

katrin [286]2 years ago
3 0

Answer:

value of the common stock is $117.26

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3 years ago
Read 2 more answers
A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amo
iren2701 [21]

Answer:

a. $29,496

b. $21,996

Explanation:

a. The Computation of budgeted marketing expense for the fourth quarter is shown below:-

Sales units                                                            2,640

(2400 × 110%)

Variable marketing expenses per unit sold $0.15

Total Variable marketing expenses                 $396

Fixed Marketing expenses                                    $18,000

Salaries ($6,000 × 3)

Depreciation ($2,500 × 3)                                      $7,500

Insurance ($1,200 × 3)                                            $3,600

Total Fixed marketing expenses                            $29,100

Budgeted marketing expense

for the fourth quarter                                           $29,496

b. Estimated cash payment for marketing expenses for the fourth quarter = Budgeted marketing expense for the fourth quarter - Depreciation

= $29,496 - $$7500

= $21,996

7 0
3 years ago
B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
Annette [7]

Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

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Note that the above calculation was done as:

= $64,000 × 5%

= $64,000 × 0.05

= $3200

3 0
3 years ago
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