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liq [111]
2 years ago
12

On April 11 of the current year, Zack Corporation had a market price of $48 per share of common stock. Its par value was $10 per

share. For the previous year, Zack paid an annual dividend of $3.90 per share. Zack's gross revenues and net income was $5,000,000 and $2,500,000, respectively. The dividend yield for Zack Corporation would be:_________a) 8%.b) 0.8%.c) 39%.d) None of these choices are correct.
Business
1 answer:
ki77a [65]2 years ago
4 0

Answer:

8%

Explanation:

Dividend yield is a measure of business performance, used by investors which compares dividend paid by a stock to its market share.

Given the above information,

Dividend yield = $3.90/$48 × 100 = 8.13%

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A

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Flipco signed a 10​-year note payable on January​ 1, 2018​, of $ 800, 000. The note requires annual principal payments each Dece
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Answer:

A. a debit to Interest Expense for $ 36, 000

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3 years ago
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3 years ago
Which of the following journal entries will record the payment of a $675 accounts payable originally incurred for Office Supplie
sweet-ann [11.9K]

Answer:

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The journal entry is shown below:

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For recording this transaction, we debited the account payable account and credited the cash account as cash is paid so it reduces the cash account for $675 so that the correct posting could be done

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