Answer:
Dividend income received = $400
Explanation:
Given:
May 18th Purchased 1,000 shares
June 5th Sold 200 shares
July 8th Sold 400 shares
declared dividend on June 25th to holders
Dividend amount = $0.50 per share
Computation of dividend income received:
Balance of share on June 25th = May 18th (Purchase) - June 5th (Sold)
Balance of share on June 25th = 1,000 - 200
Balance of share on June 25th = 800 shares
Dividend income received = Balance of share on June 25th × Dividend amount
Dividend income received = $.50 × (1,000 share - 200 share)
Dividend income received = $400
To convey his best wishes to Jonathan for a meeting scheduled later in the day, the business document that would be most appropriate in this scenario would be an email.
Answer:
A. Mr. Fudd to pay Mr. Leghorn between $500 and $900 to continue hunting.
Explanation:
Answer:
D. 3.66%
Explanation:
For computing the after tax cost of debt we need to apply the RATE formula i.e to be shown in the attachment
Given that,
Present value = $2,120
Future value or Face value = $2,000
PMT = $2,000 × 6.6% ÷ 2 = $66.60
NPER = 18 years × 2 = 36 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
1. The pretax cost of debt is 3.05% × 2 % = 6.10%
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 6.10% × ( 1 - 0.40)
= 3.66%
Answer:
The amount that has to be deposited today is $6205.63
Explanation:
The given parameters are;
The annual interest rate for the first 5 years = 4 percent
The annual interest rate for the next 4 years = 4.6 percent
The annual interest rate for the final 8 years = 5.3 percent
Let the amount deposited be X, we have;
X × (1 + 0.04)⁵ + X × (1 + 0.04)⁵×(1.046)⁴ + X × (1 + 0.04)⁵×(1.046)⁴ ×(1.053)⁸ = $30,250
X ((1.04)^5 + (1 + 0.04)^5×(1.046)^4 + (1 + 0.04)^5×(1.046)^4 ×(1.053)^8) = $30,250
X × 4.875 = $30,250
X = $30,250/$4.875 = $6205.63
The amount that has to be deposited today = $6205.63.
