On january 2 richie valens pauid 24000 for 980 shares of

Assignment Help Accounting Basics

Reference no: EM13577638

On January 2, RIchie Valens pauid $24000 for 980 shares of the common stock of Acme Company. Mr. Valens recieved an $0.84 per share dicidend on the stock at the end of each year for five years. At the end of five years, he sold the stock for $22,000 Mr Valens has a goal of earning a minimum return of 10% on all of his investments.

a) Determine the net present value Negative amount should be indicated by a minus sign. Round discount factors to 3 decimal places, intermediate and final answers to the nearest dollar amount.What is the net present value?

b) Did mr Valens earn a 10% return on the stock?

Reference no: EM13577638

Questions Cloud

Sme transactions are reported differently in fund versus : some transactions are reported differently in fund versus government-wide statements but others are not. the state

The sudbury south carolina plant of saldanha sports : the sudbury south carolina plant of saldanha sports companyhas the following standards for tis soccer ball

Irrespective of how capital assets are aquired they are : 1. irrespective of how capital assets are aquired they are recorded differently in overnmental funds than in business.

In bernoulli trials p let vn be the number of trials : in bernoulli trials p let vn be the number of trials required to produce either n successes or n failures whichever

On january 2 richie valens pauid 24000 for 980 shares of : on january 2 richie valens pauid 24000 for 980 shares of the common stock of acme company. mr. valens recieved an 0.84

Prepare a multiple-step income statement for 2013 applying : extraordinary gainnet incomethe following incorrect income statement was prepared by the accountant of the axel

The company must maintain a minimum cash balance of 25000 a : the following information is used for luckys inc.s monthly master budget. junes balance sheet

C owns 60 shares and d owns 40 shares of z corporation : c owns 60 shares and d owns 40 shares of z corporation representing all of the outstanding shares. c and d are

The following results are for two independent samples taken : consider the following hypothesis test.h0 u1-u2 0ha u1-u2 not equal to 0the following results are for two independent

User Account

All Pages