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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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Marliss will want to invest her money in a savings bond to help her save money for college. The correct answer is A. 
8 0
3 years ago
The following errors took place in journalizing and posting transactions:
kirill115 [55]

Answer: See explanation

Explanation:

The journal entry to correct the errors is given below:

a. Dr Cash $8400

Cr Account receivable $8400

b. Dr Supplies $2500

Cr Office equipment $2500

Dr Supplies $2500

Cr Account Payable $2500

Note that the first entry that's given in (b) above reverses the incorrect entry. On the other hand, the second entry simply records the correct entry.

6 0
2 years ago
Wilson Co. has three segments -- Tennis, Golf, and Fishing. The Tennis segment is currently producing 2,000 units annually. The
frutty [35]

Answer:

$400,000

Explanation:

Calculation to determine the differential revenue if Wilson Co. were to eliminate the Tennis segment

Differential revenue= $200x2,000 units

Differential revenue= $400,000

Therefore the differential revenue if Wilson Co. were to eliminate the Tennis segment will be $400,000

6 0
2 years ago
assume that the price of a $1,000 zero-coupon bond with five years to maturity is $567 when the required rate of return is 12 pe
Gelneren [198K]

The price elasticity of the bond, based on the years to maturity and the required rate of return is -0.494

<h3>How to find the price elasticity of he bond?</h3><h3 />

First, find the new price of the bond:
= 1, 000 / ( 1 + 15%)⁵

= $497

The change in price:

= (497 - 567) / 567

= -12.3%

Then find the percentage change in the required rate of return:

= (15 - 12%) / 12

= 25%

The price elasticity of the bond is:

= -12.3% / 25%

= -0.494

Find out more on price elasticity at brainly.com/question/5078326

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3 0
1 year ago
Fred and Barney started a partnership. Fred invested $20,000 in the business and Barney invested $32,000. The partnership agreem
svet-max [94.6K]

Answer:

The amount of income assigned to the two partners would be $18,100 and $19,900 respectively.

Explanation:

For computing the amount of income assigned to the two partners, we have to do the following calculations which are shown below:

1. Dividend amount for each partner:

For Fred = Invested amount × rate of return

              = $20,000 × 15%

              =$3,000

For Barney =  Invested amount × rate of return

                  = $32,000 × 15%

                  = $4,800

The total dividend amount equals to

= Fred dividend + barney dividend

= $3,000 + $4,800

= $7,800

2. Now compute the remaining amount, and divide it in the sharing ratio

So, the remaining amount would be

= Partnership income - total dividend amount

= $38,000 - $7,800

= $30,200

So the Fred income would be = $30,200 × 50% = $15,100

And, the barney income would be = $30,200 × 50% = $15,100

So, the amount of income:

For Fred = Dividend income + remaining income

              = $3,000 + $15,100

              = $18,100

For Barney = Dividend income + remaining income

                   =$4,800 + $15,100

                   = $19,900

Hence, the amount of income assigned to the two partners would be $18,100 and $19,900 respectively.

8 0
3 years ago
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