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arsen [322]
3 years ago
5

Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was

37 percent. What is the dollar amount of dividends that he received for owning the stock during the year? (Round your final answer to nearest whole dollar.)
Business
1 answer:
alukav5142 [94]3 years ago
3 0

Answer:

$5

Explanation:

Data provided are as follows

Purchase price of stock one year ago = $27

Now stock price= $32

Total return percentage = 37%

So, The computation of the dollar amount of dividend is:

= Purchase price of stock one year ago × Total return percentage - difference in stock price

= $27 × 37% - $5

= $10 - $5

= $5

The difference would be

= $32 - $27

= $5

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Dmitrij [34]

Answer:

<u>Redemption of Old Bonds</u>

4-30-17   Bonds Payable                              $311000 Dr

              Loss on Bond Redemption           $26550 Dr

                       Discount on Bonds Payable        $11000 Cr

                       Cash                                                $326550 Cr

<u>Issuance of New Bonds</u>

3-30-17   Cash                                                 $314110 Dr

                     Premium on Bonds Payable            $3110 Cr

                     Bonds Payable                                  $311000 Cr

Explanation:

<u>Redemption of Bonds Payable</u>

The maturity value for bonds payable is equal to the face value of these bonds. This means that the face value of old bonds was $311000.

The bonds were carrying a discount. Thus, the carrying value of bonds was

Carrying value = Face value - Discount

Carrying value = 311000 - 11000    =  $300000

Bonds with a carrying value of $300000 were redeemed at 105% of the face value. The cash paid for redemption is,

Cash paid = 311000 * 105%  =  326550

Thus, there was a loss on redemption of = 326550  -  300000  = $26550

<u />

<u />

<u>Issuance of Bonds Payable</u>

The bonds were issued at 101% of the face value which means they were issued at a premium.

The amount of premium on these bonds is,

Premium = Carrying value - Face value

Premium = 311000 * 101%  - 311000  

Premium = $3110

3 0
3 years ago
Online reviews have become increasingly important to consumers’ ability to decide to purchase items ranging from household goods
Nesterboy [21]

Answer:

The above statement is TRUE

6 0
3 years ago
A customer sells your company a defective part. The part is put into your product, rendering it defective. What will most likely
Lostsunrise [7]

Answer: Your customer will likely blame you for the defect, not the supplier.

Explanation:

The customer would certainly blame me the seller for the defect, because I was the one that sold the goods to the customer, also the customer is not aware of what transpired between the seller and the supplier. Therefore the seller would have to on his part, lay some complaint to the supplier.

7 0
3 years ago
Which job role involves designing user interfaces to carry out difficult tasks?
Oliga [24]

Answer:

E.  software engineer

Explanation:

<em>The job role that involves designing user interfaces to carry out difficult tasks would be software engineer.</em>

<u>A software engineer by definition refers to someone that applies engineering and computer science principle to develop workable software solutions for different problems.</u>

User interfaces generally represents a medium through which users and computer interact via the use of input devices and software.

The correct option is E.

3 0
3 years ago
g had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account balances of R
andrew-mc [135]

Answer: $101 million

Explanation:

The amount that Ross should report as income tax expense in its 2021 income statement will be calculated thus:

First, we'll calculate the deferred tax asset in valuation allowance which will be:

= Deferred tax asset before valuation allowance - Deferred tax asset after valuation allowance

= $170 million - $130 million

= $40 million

Then, income tax expense will be:

Income taxes payable= $90 million

Add: DTA not be realized = $170 million × 30% = $51 million

Less: Deferred tax asset in valuation allowance = ($40 million)

Income tax expense = $101 million

5 0
3 years ago
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