One year ago, you purchased 350 shares of Titan Wood Products for $63.17 per share. The stock has paid dividends of $.71 per share over the past year and is currently priced at $68.22. What is your total dollar return on your investment?a. $2016.00b. $1891.75c. $1767.50d. $2083.20e. $1008.00

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Answer 1
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Answer:

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Related Questions

45) According to the text, the most logical budget-setting method in advertising is the method A) adaptive-control B) objective-and-task C) competitive-parity D) affordable E) percentage-of-sales 46) Which of the following is a disadvantage of using online, mobile, and social media for advertising? A) The costs are high B) Audience selectivity is low. C) The audience controls ad exposure. D) The interactive capabilities are low, I E) There is little scope for personalization
The Holtzman Corporation has assets of $384,000, current liabilities of $54,000, and long-term liabilities of $79,000. There is $36,800 in preferred stock outstanding; 20,000 shares of common stock have been issued. a. Compute book value (net worth) per share. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Book value per share $ b. If there is $33,600 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 22 times earnings per share, what is the current price of the stock? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Current price $ c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Mitchell, a calendar year taxpayer, is the sole proprietor of a fast-food restaurant. His adjusted basis for the building and the related land is $450,000. On March 4, 2013, state authorities notify Mitchell that his property is going to be condemned so that the highway can be widened. On June 20, Mitchell’s property is officially condemned, and he receives an award of $625,000. Because Mitchell’s business has been successful in the past, he would like to reopen the restaurant in a new location. a. What is the earliest date Mitchell can acquire a new restaurant and qualify for § 1033 postponement? b. On June 30, Mitchell purchases land and a building for $610,000. Assuming thathe elects postponement of gain under § 1033, what is his recognized gain?c. What is Mitchell’s adjusted basis for the new land and building?d. If he does not elect § 1033, what are Mitchell’s recognized gain and adjustedbasis?e. Suppose he invests the $625,000 condemnation proceeds in the stock market onJune 30. What is Mitchell’s recognized gain?
The Molding Department of Kennett Company has the following production data: beginning work in process 25,000 units (60% complete), started into production 425,000 units, completed and transferred out 400,000 units, and ending work in process 50,000 units (40% complete). Assuming materials are entered at the beginning of the process, equivalent units for materials are:______________.
Checker Clackers, Inc. manufactures clackers. Checker’s transactions and accounts included the following during June: Raw materials inventory, beginning $1,200 Raw materials inventory, ending 1,400 Work in process inventory, beginning 7,100 Work in process inventory, ending 6,800 Raw materials acquired 27,800 Cost of direct materials used in production 27,600 Sales commissions to sell clackers 2,100 Direct labor cost 20,000 Total manufacturing overhead 28,900 How much is cost of goods manufactured for June?

Suppose a hypothetical economy is currently in a situation of deficient aggregate demand of $64 billion. Four economists agree that expansionary fiscal policy can increase total spending and move the economy out of recession, but they are debating which type of expansionary policy should be used. Economist A believes that the government spending multiplier is 8 and the tax multiplier is 4. Economist B believes that the government spending multiplier is 4 and the tax multiplier is 2. Economist B believes that the government spending multiplier is 4 and the tax multiplier is 8.Compute the amount the government would have to increase spending to close the output gap according to each economist's belief. Then, for each scenario, compute the size of the tax cut that would achieve this same effect.

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Answer:

Check the explanation

Explanation:

Government needs to fill gap of $64 billions

for economist A

Tax multiplier is 2 so in order to fill a output gap of 64 billions, cut taxes by 64/ 2 = 32 billion

tax have to cut by $32 billions

govt spending multiplier is 8, so spendinh has to increase by 64/8=$8 billions.

for economist B

Tax multipler is 8 so to fill a output gap of 64 billions, cut taxes by 64/ 8= 8 billion

tax have to cut by $8 billions

govt spending multiplier is 4, so spending has to increase by 64/4=$16 billions.

⇒This means that Economist C likely believes that:

- Tax cuts induce investment spending and improve workers incentives.This is because cutting the taxes gives an incentive to the workers to work more.

⇒ A rise in government spending completely crowds out private sector spending, because increased govt spending increases the interest rate, hence private spending is crowded out.

In the case below, the original source material is given along with a sample of student work. Determine the type of plagiarism by clicking the appropriate radio button. Original Source Material

Student Version

To summarize, the elaboration model of instruction starts by presenting knowledge at a very general or simplified level in the form of a special kind of overview. Then it proceeds to add detail or complexity in "layers" across the entire breadth of the content of the course (or curriculum), one layer at a time, until the desired level of detail or complexity is reached.

References:
Reigeluth, C. M. (1999). The elaboration theory: Guidance for scope and sequence decisions. In C. M. Reigeluth (Ed.), Instructional design theories and models: A new paradigm of instructional theory (Vol. II, pp. 425-453). Hillsdale, NJ: Lawrence Erlbaum.

They soon switched to a model based on the elaboration theory (Reigeluth, 1999). Using this approach, the game would begin with a level that offered the simplest version of the whole task (the epitome); subsequent levels would become increasingly more complex--an approach common to videogames--with opportunities for review and synthesis.

References:
Reigeluth, C. M. (1999). The elaboration theory: Guidance for scope and sequence decisions. In C. M. Reigeluth (Ed.), Instructional design theories and models: A new paradigm of instructional theory (Vol. II, pp. 425-453). Hillsdale, NJ: Lawrence Erlbaum.

Which of the following is true for the Student Version above?

a)Word-for-Word plagiarism

b)Paraphrasing plagiarism

c)This is not plagiarism

Answers

Answer:

The correct answer is letter "C": This is not plagiarism.

Explanation:

Plagiarism is the act of taking someone else's work and make it appear as if it belongs to another party. It also implies paraphrasing words from an article or changing the order of some of the words to give it a genuine look. Plagiarism is considered a misdemeanor but can be penalized.

The student's version in the example is not plagiarism because the source from where the student takes the reference of the elaboration theory is mentioned:  

They soon switched to a model based on the elaboration theory (Reigeluth, 1999).

Thus, the student is recognizing that the conclusion was taken from another resource. The rest of the student's paragraph is related to another field of study - videogames - making a unique version only relating the theory.

With this in mind, are accountants ethically obligated to report financial information accurately? Does reporting using the generally accepted accounting principles imply accuracy? What are some potential consequences for an external analyst if a company provides inaccurate or misleading financial statements?

Answers

Answer:

1. Accountants are ethically obligated to report financial information accurately

2. Reporting using the generally accepted accounting principles underscore on accuracy

3. Loss of confidence, lack of trust on the accounting team, a huge strain on their professional judgement and ethics.

Explanation:

1. Financial information in itself possesses some vital characteristics. One of these is the accuracy of the financial information. As the handler of financial activities, accountants are therefore saddled and ethically obligated to present and prepare their information accurately. This is so as to reflect the true picture of the going in the organization.

2. Reporting using GAAP - Generally Accepted Accounting Principles, seeks to converge the presentation of financial reports and statements on the basis of accuracy. Thus, reliability and relevance are ultimately the foremost objectives of these principles. I therefore have no doubt its usage conveys accuracy of reports.

3. Loss of confidence - financial reports through which the external analyst worked upon are often prepared by the internal staffs. The implication of a wrong and misleading reports from the company is an erosion of confidence on the credibility, reliability and competence of company's preparers of reports.

Lack of trust - The point above ultimately impacts on the level of trust placed on the accuracy, reliability and relevance of financial reports.

Professional Judgement and Ethics - The conducts of the company in presenting a wrong report throws the analyst into an ethnical dilemma, and a huge professional strain. This is not in line with best practices.

Rooney Company established a predetermined variable overhead cost rate at $9.40 per direct labor hour. The actual variable overhead cost rate was $8.40 per hour. The planned level of labor activity was 74,900 hours of labor. The company actually used 79,900 hours of labor. Required Determine the total flexible budget variable overhead cost variance and indicate the effect of the variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)

Answers

Answer:

$32,900 favorable

Explanation:

The computation of the total flexible budget variable overhead cost variance is shown below:

= Total budgeted overhead cost - actual budgeted overhead cost

where,

Total budgeted overhead cost is

= $9.40 × 74,900 hours

= $704,060

And, the actual budgeted overhead cost is

= $8.40 × 79,900 hours

= $671,160

So, the total flexible budget variable overhead cost variance is

= $704,060 - $671,160

= $32,900 favorable

Since the standard cost is greater than the actual cost so it would have favorable variance

In an examination of purchasing patterns of shoppers, a sample of 16 shoppers revealed that they spent, on average, $54 per hour of shopping. Based on previous years, the population standard deviation is thought to be $21 per hour of shopping. Assuming that the amount spent per hour of shopping is normally distributed, find a 90% confidence interval for the mean amount.a. [$51.8409, $56.1591]
b. [$52.3174, $55.6826]
c. [$45.3637, $62.6363]
d. [$47.2695, $60.7305]

Answers

Answer:

The 90% confidence interval is c) $45.3637, $62.6363

Explanation:

Hi, since we need to find the Z value from the standard deviation table that would substract an equal area from both size of the normal distribution graph, we can tell that the probability that we have to rate into account is 5% (I mean,  10%, which we substract from both sides 5%), and the Z number for a probability of 5% is -1.645 which is the lower end of the interval, and due to symmetry, the higher end of the interval would be 1.645.

Now, we need to use the following formula in order to find the lower and higher ends of the interval.

0.9C.L=Mean+1.645((StdDev)/(√(n) ))

Where:

C.L = Confidence Level

Mean = in our case, $54

StdDev = $21

n = sample sizes, in our case, that would be 16

So, the lower level would be

0.9C.L=54-1.645((21)/(√(16) ))

L.End=45.36375

Therefore:

0.9C.L=54+1.645((21)/(√(16) ))

H.End=62.63625

So, the interval in order to have 90% confidence is c. [$45.3637, $62.6363]

New Business is just being formed by 10 investors, each of whom will own 10% of the business. The firm is expected to earn $1,000,000 before taxes each year. The corporate tax rate is 34% and the personal tax rate for the firm's investors is 35%. The firm does not need to retain any earnings, so all of its after-tax income will be paid out as dividends to its investors. The investors will have to pay personal taxes on whatever they receive. How much additional spendable income will each investor have if the business is organized as a partnership rather than as a corporation? Group of answer choices $26,078 $20,332 $22,763 $19,006 $22,100

Answers

The additional spendable income will each investor have if the business is organized as a partnership rather than as a corporation is $22,100.

  • The calculation is as follows:

Income if formed as corporation in hands of each shareholder should be

= 1,000,000 ×  10% ×  ( 1- .34 ) × (1- .35)

= 100,000 × .66 × .65

= $42,900

Now  

Income will be taxable in hands of partner = 1,000,000 ×10% ×(1-.35)

= 100,000 ×.65

= 65000

Now  

Additional income should be

= $65,000 - $42,900

= $22,100

Learn more: brainly.com/question/24908711?referrer=searchResults

Answer:

$22,100

Explanation:

Calculation for the additional spendable income

First step is to find the Corporation Spendable income amount

Corporate taxes$340,000

($1,000,000*34%)

Income after corporate tax $660,000

($1,000,000-$340,000)

Tax on dividends $231,000

($660,000*35%)

Spendable income $429,000

($660,000-$231,000)

Second step is to find the Partnership Spendable income amount

Taxes paid by business $0

Income received by investors $1,000,000

Taxes paid by partners as personal income $350,000

($1,000,000*35%)

Spendable income $650,000

($1,000,000-$350,000)

Last step is to find the Difference between Corporation Spendable income amount and the Partnership Spendable income amount

Using this formula

Difference in Spendable income=Corporation Spendable income amount - Partnership Spendable income amount

Let plug in the formula

Difference in Spendable income=$429,000-$650,000

Difference in Spendable income=$221,000

Which means that the amount of $221,000 is the

Total gain amount from being a partnership.

Hence, the Individual investor gain will be calculated as $221,000*10%

Individual investor gain=$22,100

Therefore the amount of spendable income that each investor will have if the business is organized as a partnership rather than as a corporation will be $22,100

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