Problem regarding the dividend reinvestment plan

Assignment Help Project Management

Reference no: EM13991096

Determine Rona's gross income from the following items she receives during the current year:

Interest on savings account	$300
Dividends on Microsoft stock	200
Interest on Guam development bonds	2,000
Dividend on life insurance policy	200

(The company is a mutual life insurance company, and the dividend is a return of part of the premium she paid on the policy.)

In addition, Rona owns 1,000 shares of Cochran Corporation common stock. Cochran has a dividend reinvestment plan through which stockholders can receive a stock dividend equal to 4% of their holdings in lieu of a cash dividend of equal value. Rona takes the 40 shares of stock, which are worth $3 per share.

Reference no: EM13991096

Questions Cloud

What is diffraction angle of the first diffraction minimum : Laser light of wavelength 601 nm is incident on a circular aperture which has a diameter of 0.025 mm. A diffraction pattern is observed on a screen which is placed 61 cm from the aperture.

Identify which data elements have long-term value : Many hospitals have systems in place and are now or will in the future face the task of determining which data in the previous system should be migrated or mapped to the new system. Identify which data elements have long-term value for patient care a..

What was the webinar about why did you choose it : Include your supported reasoning and analysis of how and why the information systems technology or approach addressed in the webinar would, or would not, be useful in your organization, or one with which you are familiar (the "so what" aspect). In..

Which of the following class of acids : Which of the following class of acids we need to make buffers with pH range of 6-7?

Problem regarding the dividend reinvestment plan : In addition, Rona owns 1,000 shares of Cochran Corporation common stock. Cochran has a dividend reinvestment plan through which stockholders can receive a stock dividend equal to 4% of their holdings in lieu of a cash dividend of equal value. Rona..

Develop contingency plans for the possibility of sheltering : Develop contingency plans for the possibility of sheltering people that may overburden the equipment and staff of the current shelter (i.e., bariatric patients, severely handicapped, or people with developmental disabilities).

What measuring vessel is more appropriate : What measuring vessel is more appropriate is more appropriate to make a 500ml solution

Formulate plans for sheltering special population : Formulate plans for sheltering special population in the immediate aftermath. Where could this population be safely sheltered in the short term? What are the best long-term sheltering options for this population in the event of an ongoing recovery pr..

The labe of hazardous materials identification system : Which of the following statement is true if the labe of hazardous materials identification system (HMIS) reads,Health: 3Flammability: 1

User Account

All Pages