Answer:
9.10%
Explanation:
Data provided in the question:
Buying cost of the preferred stocks = $40
Selling cost of the preferred stock = $40
Dividends received = $4
Now,
The total before-tax income = Dividend received = $4
After the 70% exclusion for preferred stock dividends,
The taxable income = 0.30 × $4
= $1.20
Thus,
Taxes = 0.30 × $1.20
= $0.36
Therefore,
The After-tax income
= $4.00 - $0.36
= $3.64
Hence,
Rate of return = [ After-tax income ÷ Buying cost ] × 100%
= [ $3.64 ÷ $40.00 ] × 100%
= 9.10%
A specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.
<h3>What is a ledger?</h3>
A ledger is a specialized accounting tool. It can also be described as a financial book or computer program.
In the ledger, information from accounting journals is accumulated and posted into specific categories matching the type of accounts.
From the ledger, the trial balance is extracted, which forms the basis for preparing the financial statements that show an entity's financial profitability and position.
Thus, a specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.
Learn more about the ledger accounts at brainly.com/question/17143087
Answer:
How much money do you make in 1 year that is your net worth
Explanation:
The answers to the question above are "increasing places to park bikes, increasing bike-share opportunities, and increasing high-occupancy vehicle lanes" which are the changes that city planners should consider within the city. The graph shows an increase of bicyclist. The graph also shows an increase in the high-occupancy car number. Thus, every plan has to be related to this condition.
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