Compute rate of return, Last year Steve bought hundred

Compute rate of return

Reference no: EM1356921

Last year Steve bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $50 per share. What rate of return did Steve earn over the year?

Reference no: EM1356921

Questions Cloud

Inventory-notes-journal entries : Candlestick Corporation purchased raw material used for manufacturing candles from a supplier on June 1. The total amount of the purchase was $10,500 of which $3,000 was paid on the day of purchase. The remaining amount owed is due to the suppler ..

Organizational structure and function project : Expalin how the organizational structure affects its ability to function efficiently and describe how the human resource department affects the organizational structure and function of the company

Compute the price in us dollars : Chamberlain Canadian Imports has agreed to buy 15,000 cases of Canadian beer for four million Canadian dollars at today's spot rate. The firm's financial manager, James Churchill, has noted the following current spot and forward rates:

Current liability entries and adjustments : Described below are certain transactions of Edwardson Corporation. The company uses the periodic inventory system. Make all journal entries necessary to record the transactions above using appropriate dates.

Compute rate of return : Last year Steve bought hundred shares of Dallas Company common stock for $53 per share. During the year he received dividends of $1.45 per share.

Journal entries and t-accounts for decort company : DeCort Company had these adjusting entry situations at the end of December:May 1-paid $960 for a two -year insurance policy. The policy was for the period May 1-April 30(for 2yrs). This is the first year of the policy-Transaction was recorded as i..

Compare five technologies for in-home internet access : Compare and contrast at least five technologies which are readily available for in-home internet access. You must consider practical as well as technical differences in your comparison.

Compute firms retained earnings balance : A company had a year end 2004 retained earnings balance of $220,000. The company reported net profits after taxes of $50,000 in 2005 & paid dividends in 2005 of $30,000.

Consolidation-journal entries : On January 1, 2007, the stockholders of Phillips and Solina agreed to a consolidation. Because FASB requires that one party be recognized as the acquirer and the other as the acquirer-Prepare the journal entries on the books of Phillips to record t..

User Account

All Pages