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Dmitry [639]
3 years ago
8

Chiko bought 75 shares of stock at $19.58 per share. She recelved total dividends of $73.42 during the year. At the end of the y

ear, her stock was valued at $22.14 per share. What was her ROI? (Round percentages to one decimal place.)​
Business
1 answer:
spayn [35]3 years ago
4 0

Answer:

Return on investment = 18.07% (Approx.)

Explanation:

Given:

NUmber of share = 75 shares at $19.58 per share

Amount of dividend received = $73.42

Stock value at end = $22.14 per share

Find:

Return on investment

Computation:

Purchase price = 75 x 19.58

Purchase price = $1,468.5

Final value  + Dividend = 75(22.14) + 73.42

Final value  + Dividend = $1,733.92

Profit = $1,733.92 - $1,468.5

Profit = $265.42

Return on investment = [Profit / Initial value]100

Return on investment = [265.42 / 1,468.5]100

Return on investment = 18.07% (Approx.)

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Oriole Co. reports net income of $59,000. Partner salary allowances are Pitts $15,000, Filbert $5,000, and Witten $6,000. Indica
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Answer:

Oriole Co

Division of net income to each partner:

                                     Pitts      Filbert       Witten      Total

Total income           $33,480   $13,580    $11,940  $59,000

Explanation:

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Net income = $59,000

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Income sharing ratio    56     :     26      :      18

Salary Allowances    $15,000   $5,000    $6,000

Shareable income      18,480      8,580       5,940

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