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Angelina_Jolie [31]
2 years ago
6

You purchased 200 shares of ABC stock on July 15th. On July 20th, you purchased another 100 shares and then on July 22st you pur

chased your final 200 shares of ABC stock. The company declared a dividend of $1.10 a share on July 5th to holders of record on Friday, July 23rd. The dividend is payable on July 31st. How much dividend income will you receive on July 31st from ABC
Business
1 answer:
Mashutka [201]2 years ago
7 0

Answer:

$330

Explanation:

The computation of the dividend income received as on July 31 is shown below:

where,

Total number of shares purchased is

= 100 shares + 200 shares

= 300 shares

And, the dividend per share is $1.10

So, the dividend income received is

= 300 shares × $1.10

= $330

We simply applied the above formula to determine the dividend income received

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f the company estimates that it will need 55,480 pounds of raw material to satisfy production needs in March, then the raw mater
Rama09 [41]

Answer:

$5,548

Explanation:

Bonkowski Corporation

Estimated raw materials inventory balance at the end of February will be:

Raw materials inventory (ending) 5,548

(55,480 pounds × 10% )

Cost per pound $1.00

Hence:

Balance of Raw material inventory at the end of February will be:

$5,548 ×$1.00

=$5,548

4 0
1 year ago
Precision Aviation had a profit margin of 7.00%, a total assets turnover of 1.4, and an equity multiplier of 1.8. What was the f
Novosadov [1.4K]

Answer:

17.64%

Explanation:

Precision aviation has a profit margin of 7%

The total assets turnover is 1.4

The equity multiplier is 1.8

Therefore the ROE can be calculated as follows

= Total assets turnover × equity multiplier × profit margin

= 1.4 × 1.8 × 7

= 17.64%

Hence the ROE is 17.64%

7 0
2 years ago
Why was it inefficient to leave highway construction to individual states?
rosijanka [135]
Because highway often connect several regions between states and the indivdual states often only want to be responsible for the construction of their own states. This will cause many leftover material and the abundance of expense from the Government's budget so it better to leave the matter on federal Government.
7 0
2 years ago
Edward Dorsey is a part-time employee, and during the biweekly pay period he earned $395. In addition, he is being paid a bonus
Nastasia [14]

Answer

The answer and procedures of the exercise are attached in the following image.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

6 0
2 years ago
Kiwis and strawberries are substitutes for consumers. An increase in the price of a kiwi coupled with an increase in the number
valentina_108 [34]

Answer:

The correct answer is D

lowers; probably changes, but more information is needed to determine if it increases or decreases

Explanation:

The increase in suppliers for strawberries causes the supply curve to shift to the right causing the equilibrium price to lower fro Po to P1.

The increase of price for Kiwis will move the price from Po to P1. The new price is not at equilibrium, as there has not been a shift in demand or supply as shown in the diagram.

8 0
2 years ago
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