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2 years ago

Patrick bought 30 shares of stock at $16.49 per share. He received dividends of $0.75 per share for 1 year. His ROI was

1 answer:

3 0

ROI (return on investment) is a ratio the measures the amount of return for your investment. The calculation is (net return) / (net investment). In this case net return is the dividends and the cost is the price of the stock. So... (.75)/(16.49)= 4.5% return on investment.

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You have marked off your shop floor in a grid of 1 foot squares and labeled them with Cartesian coordinates. To perform one task

tester [92]

Answer:

idk sry have a good day

Explanation:

8 0

2 years ago

Q 2.29: During its most recent period, Raymond Manufacturing expected Job No. 59 to cost $600,000 of overhead, $1,000,000 of mat

beks73 [17]

Answer:

$70,000 overapplied

Explanation:

Raymond manufacturing expected job No 59 to cost $600,000 of overhead , $1,000,000 materials and $400,000 labour

The actual production cost is $590,000

$1,140,000 worth of materials were used and $440,000 labour cost

The first step is to calculate the overhead rate

= expected overhead /expected cost of labor

= $600,000/$400,000

= 1.5

The overhead applied can be calculated as follows

= overhead rate× real cost of labor

= 1.5 × $440,000

= $660,000

Therefore the over applied or underapplied can be calculated as follows

= $660,000-$590,000

= $70,000

Hence the overapplied is $70,000

3 0

2 years ago

Why does Jeremy earn more money than Rose?

Step2247 [10]

Answer: Jeremy completed his engineering degree.

Explanation:

Since Jeremy has a college degree in engineering he makes more money than Rose who dropped out of college. College graduates are in higher demand to work the jobs that pay more than smaller companies. If Rose had of completed her college degree she could of found a job that uses her education and made more money.

Since Jeremy has a specific degree the company hired him based on his knowledge of the subject. He will be paid higher and most likely have better benefits than someone in an entry level position.

6 0

2 years ago

Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 6,500 Retained earnings $ 55,000 Bu

Sliva [168]

Answer is given below

Explanation:

given data

Salaries payable = $6,500

Retained earnings = $55,000

Buildings = 63,000

Payable = 40,000

Prepaid rent = 7,500

Office supplies = 3,000

Merchandise inventory = 15,000

Land = 32,000

Accounts payable = 15,000

Accumulated depreciation Building = 6,000

Prepaid insurance = 4,000

Mortgages payable = 22,000

Accounts receivable = 9,000

Cash = 26,000

Common stock = 15,000

solution

Current Assets

Cash $26,000

Accounts Receivable $9,000

Merchandise inventory $15,800

Office Supplies $3,000

Prepaid Rent $7,500

Prepaid Insurance $4,000

Total Current Assets: $65,300

and

Property, Plant and Equipment

Buildings $63,000

Land $32,000

Accumulated Depreciation 6,000

Total PP&E = $101,000

Total Assets = $166,300

and

Liabilities

Current Liabilities

Salaries Payable $6,500

Accounts payable $15,000

Total Current Liabilities = $21,500

and

Long-Term Liabilities

Notes Payable $40,000

Mortgages Payable $22,000

Total Long-Term Liabilities = $62,000

Total Liabilities = $83,500

and

Stockholders' Equity

Common Stock $15,000

Retained Earnings $55,000

Total Stockholders' Equity = $70,000

Total Liabilities + Stockholders' Equity = $83,500 + $70,000 = $153,500

4 0

2 years ago

Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest

OverLord2011 [107]

Answer:

The money you will have is $98020.

Explanation:

It is given that grandparents deposit $2,000 each year on birthday and the account pays 7% interest compounded annually also the time is 21 years.

we will use the compound interest formula $A=P (1 + \frac{r}{100})^{t}$ .

For the first birthday the amount after 21 yr will be:

$A=2000(1+\frac{7}{100})^{21}$

Similarly for the second birthday amount after 20yr will be:

$A=2000(1+\frac{7}{100})^{20}$

likewise, the last compound will be:

$A=2000(1+\frac{7}{100})^1$

The total value of such compounding would be :

$\text {Total amount}=2000(1+\frac{7}{100})^{21}+2000(1+\frac{7}{100})^{20}...2000(1+\frac{7}{100})^{1}$

$\text {Total amount}=2000[(1+\frac{7}{100})^{21}+(1+\frac{7}{100})^{20}...(1+\frac{7}{100})^{1}]$

$\text{Total amount} \approx 2000(48.01)$

$\text{Total amount} \approx 96020$

The total amount just after your grandparents make their deposit is:

≈($96020+2000)

≈$98020

Hence, the money you will have is $98020.

4 0

2 years ago