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Compute the comprehensive income for chewco co

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Reference no: EM133117984

Question -

Q1. Using the following table, what is the present value of $20,700 to be received in eight years, if the market rate is 10% compounded annually? Round to the nearest whole number.

Periods

5%

6%

7%

10%

1

0.95238

0.94340

0.93458

0.90909

2

0.90703

0.89000

0.87344

0.82645

3

0.86384

0.83962

0.81630

0.75132

4

0.82270

0.79209

0.76290

0.68301

5

0.78353

0.74726

0.71299

0.62092

6

0.74622

0.70496

0.66634

0.56447

7

0.71068

0.66506

0.62275

0.51316

8

0.67684

0.62741

0.58201

0.46651

9

0.64461

0.59190

0.54393

0.42410

10

0.61391

0.55840

0.50835

0.38554

Q2) On June 30, Setzer Corporation had a market price of $68 per share of common stock. For the previous year, Setzer paid an annual dividend of $1.36. Compute the dividend yield for Lucas Corporation.

Q3) On May 12, Year 1, Chewco Co. purchased 1,200 shares of Jedi Inc. for $60 per share, including the brokerage commission. The Jedi investment was classified as an available-for-sale security. On December 31, Year 1, the fair value of Jedi Inc. was $71 per share. The net income of Chewco Co. was $62,000 for Year 1. Compute the comprehensive income for Chewco Co. for the year ended December 31, Year 1.

Reference no: EM133117984

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