The stockholders' equity section of lester company's balance sheet follows:

You buy a stock for $30 per share and sell it for $33 after holding it for slightly over a year and collecting a $0.75 per share

telo118 [61]

Answer:

The answer is: After-tax rate of return = 9.8% .

Explanation:

Please find the calculations which are shown in details as below:

Pre-tax dividend earning is $0.75, Tax rate on ordinary income is 28% => After-tax dividend earning = 0.75 x (1 - 28%) = $0.54;

Pre-tax capitals gain is $3 ( that is, $33 -$30), tax rate on capital gains is 20% => After-tax capital gains = 3 x ( 1 - 20%) = $2.4 ;

=> Total after-tax return = After-tax capital gains + After-tax dividend earning = 2.4 + 0.54 = $2.94 .

Thus, in percentage term, after-tax rate of return is 2.94/30 = 9.8%.

4 0

4 years ago

In the context of intergroup conflict, managers should encourage social interactions across groups so that:

FrozenT [24]

Answer:

(A) trust can be developed.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

A conflict can be defined as any form of disagreement that arises between two or more parties due to opposing views, opinions, or incompatibility.

Basically, the first step that any manager should take in resolving a conflict within a group of employees working as a team is to get each individual to state the problem from his or her viewpoint.

In the context of intergroup conflict, managers should encourage social interactions across diverse groups so that trust can be developed among the members and as such mitigating the chances of conflict between them.

4 0

3 years ago

Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of ea

Elan Coil [88]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Estimated overhead costs:

Factory machinery depreciation 59,000

Factory supervisor salaries 140,500

Factory supplies 43,900

Factory property tax 27,750

Total overhead= 271,150

1)

First, we need to determine the estimated direct labor hours for the period:

Factory direct labor= 215,558

Direct labor rate= $12.11

Direct labor hours= 215,558/ 12.11= 17,800 hours

Now, we can calculate the estimated overhead rate:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 271,150/17,800= $15.23 per direct labor hour

2) To apply overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 15.23*18,900= $287,847

6 0

4 years ago

"After decades of fabulous growth, the trade show industry is experiencing business decline. A report by the National Trade Show

Juli2301 [7.4K]

Answer:

Situation analysis

Explanation:

The situational analysis helps in collecting information about an incident or trend in the environment and changes in external and internal environment that constitutes to this change. This report is based on the situational analysis and the opinion is formed by considering the new market entrants, trade agreements, exports, technological implications, fewer taxes imposed on the imports, etc. These all factors present in the market are considered and industry specific data is interpreted using this information. This statement reflects the situational analysis of the industry.

3 0

4 years ago

For analysis purposes Jay considers his restaurant to have three revenue centers. These are the dining room, the bar and off-sit

Kay [80]

Answer:

40%

Explanation:,

In order to find the percent of Jay’s total revenue that was contributed by off site catering, you have to divide $20,000 by $50,000 to get the weight of off site catering revenue in the Jay's total revenue and multiply for 100 to get the percentage:

($20,000/$50,000)*100= 40%

7 0

3 years ago