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den301095 [7]
3 years ago
9

One year ago, you bought shares of Aaon, Inc at $36.48 a share. You received a dividend of $1.62 per share last month and sold t

he stock today for $41.18 a share. What is the capital gains yield on this investment?
a) 11.41%
b) 15.62%
c) 4.44%
d) 12.88%
Business
1 answer:
Pie3 years ago
7 0

Answer: 12.88%

Explanation:

The following information can.be inferred from the question:

Purchase price of share = $36.48

Dividend = $1.62

Selling price = $41.18

Capital gain = $41.18 - $36.48 = $4.70

Capital gain yield:

= Capital gain / Purchase price × 100

= (4.70 / 36.48) × 100

= 0.1288

= 12.88%

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The ledger of Oriole Company on July 31, 2017, includes the selected accounts below before adjusting entries have been.
Katarina [22]

Answer:

July 31                                            Dr.           Cr.

1.  Interest Receivable                 $220

   Interest Income                                        $220

2. Cost of Goods Sold                 $4,100  

   Supplies                                                    $4,100

3. Rent Expense                           $1,050

   Prepaid Rent                                             $1,050

4. Salaries and Wages Expense $3,500

   Salaries and Wages Payable                    $3.500

5. Depreciation                            $470    

   Accumulated Depreciation                       $470

6. Unearned Service Revenue   $4,850

   Serivce Revenue                                       $4,850

7.  Maintainance & repair Exp.    $2,150

    Maintainance & repair Payable               $2,150

Explanation:

1.

Interest Income from Note receivable  = $22,000 x 12% x 1/12 = 220

2.

Reduction in supllies will be adjusted in Cost of Goods Sold by $4,100 ( $22,500 - $18,400 ).

3.

Monthly rent accrues = 4,200 / 4 = $1,050

4.

Unpaid salaried are recorded as the Salaries and Wages Payable of $3,500

5.

Depreciation per month = $5,640 / 12 = $470

6.

Service revenue will b recognized and balance is transferred from unearned revenue to service revenue.

7.

Maintenance and repair costs is recorded as as the maintenance and repair payable by $2,150.

4 0
3 years ago
Inventories Raw materials $ 42,000 $ 32,000 Work in process 9,100 18,300 Finished goods 57,000 34,300 Activities and information
Svetach [21]

Answer:

a. Computation of the following amounts for the month of May using T-accounts:

1. Cost of direct materials used = $176,000

2. Cost of direct labor used = $77,000

3. Cost of goods manufactured = $286,150

4. Cost of goods sold = $308,850

5. Gross profit = $691,150

6. Overapplied or underapplied overhead = $89,650 (underapplied)

b. Journal Entries:

Debit Raw materials $172,000

Credit Cash $172,000

To record the purchase of raw materials for cash.

Debit Factory payroll $100,000

Credit Cash $100,000

To record the payroll paid in cash.

Debit Factory overhead:

 Indirect materials $6,000

 Indirect labor $23,000

 Other overhead costs 103,000

Credit Raw materials $6,000

Credit Factory payroll $23,000

Credit Cash $103,000

To record indirect materials, labor and other costs.

Debit Work in process $42,350

Credit Factory overhead $42,350

To apply overhead based on direct labor cost 55%.

Debit Cash $1,000,000

Credit Sales Revenue $1,000,000

To record the sale of goods for cash.

Explanation:

a) Data and Calculations:

Inventories:

Raw materials $ 42,000 $ 32,000

Work in process 9,100 18,300

Finished goods 57,000 34,300

Activities for May:

Raw materials purchases (paid with cash) 172,000

Factory payroll (paid with cash) 100,000

Factory overhead:

Indirect materials 6,000

Indirect labor 23,000

Other overhead costs 103,000

Sales (received in cash) 1,000,000

Predetermined overhead rate based on direct labor cost 55%

T-accounts:

Raw materials

Beginning balance $ 42,000

Cash                         172,000

Manufacturing overhead                6,000

Work in process                          176,000

Ending balance                         $ 32,000

Work in process

Beginning balance    9,100

Raw materials       176,000

Payroll                     77,000

Overhead applied 42,350

Finished goods                          286,150

Ending balance                            18,300

Finished goods

Beginning balance 57,000

Work in process   286,150

Cost of goods sold                   308,850

Ending balance                           34,300

Manufacturing overhead

Indirect materials             6,000

Indirect labor                 23,000

Other overhead costs 103,000

Work in process                            42,350

Underapplied overhead               89,650

Sales revenue    $1,000,000

Cost of goods sold 308,850

Gross profit            $691,150

Analysis of Transactions:

Raw materials $172,000 Cash $172,000

Factory payroll $100,000 Cash $100,000

Factory overhead:

Indirect materials $6,000 Raw materials $6,000

Indirect labor $23,000 Factory payroll $23,000

Other overhead costs 103,000 Cash $103,000

Work in process $42,350 Factory overhead $42,350

Predetermined overhead rate based on direct labor cost 55%

Cash $1,000,000 Sales Revenue $1,000,000

5 0
3 years ago
Since its organization in January of 2016, Mars Corp began with the issuance of 15,000 shares of $5 par, cumulative, 8% preferre
igomit [66]

Answer:

D) 3 years' worth of dividends will be paid to preferred shareholders prior to paying anything to common shareholders.

Explanation:

Shareholders are the individuals or institutions that hold the stock of a company making the owners of the business. Shareholders can either be common shareholders or preferred shareholders. Common shareholders are more prevalent and have voting rights in matters concerning the company.

Preferred shareholders hold preferred stock. They are rare and have no voting rights in the way the organization is managed.  Preferred shareholders are entitled to a fixed amount of dividend every year.  Dividends to preferred shareholders have to be paid first before common shareholders are paid out. Usually, common stockholders will be last to paid last in the event of dividends payouts or in times of liquidation.

3 0
3 years ago
Of the world's 20 largest economies, the economy of the United States has the least government involvement and the fewest govern
natta225 [31]
A.Americans prefer to have the market, rather than the government, to manage their economy.
6 0
3 years ago
Zoe Corporation has the following information for the month of March: Purchases $ 92,000 Materials inventory, March 1 6,000 Mate
NARA [144]

Answer:

Part (a) a statement of cost of goods manufactured

Raw Materials (see calculations)             90,000

Direct labor                                               25,000

Factory overhead                                     37,000

Total Manufacturing Cost                       152,000

<em>Add</em> Opening Work In Progress              22,000

<em>Less</em> Closing Work In Progress               (23,500)

Cost of goods manufactured                  106,500

Part (b) an income statement for the month ended March 31

Sales                                                                                                257,000

Less Cost of Goods Sold

Opening Stock of Finished Goods                     21,000

Add Cost of goods manufactured                    106,500

Less Closing Stock of Finished Goods             (30,000)              (97,500)

Gross Profit                                                                                     159,500

Less Expenses

Sales and administrative expenses                                               (79,000)

Net Income                                                                                       80,500

Part (c) the "Inventory" section of the balance sheet

Raw Materials                              8,000

Work In Progress                      23,500

Finished goods inventory        30,000

Total                                           61,500

Explanation:

Part (a) a statement of cost of goods manufactured

Calculate the Cost of Raw Materials transferred to Manufacturing Process;

Hint: Open a Raw Materials T - Account.

Debits :

Materials inventory March 1                                    $6,000

Purchases                                                               $92,000

Totals                                                                      $98,000

Credits :

Materials inventory, March 31                                   8,000

Manufacturing Account (<em>Balancing figure</em>)         $90,000

Totals                                                                      $98,000

6 0
3 years ago
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