What is the amount of gain on the sale

Assignment Help Accounting Basics
Reference no: EM133168267

Question - You buy 100 shares of stock at $25 a share and paid $35 in commission. A dividend of $1.06 per share was paid this year. What was the rate of yield? If you sold your stock at $29 per share, less $25 in commission, what is the amount of gain on the sale?

Reference no: EM133168267

Questions Cloud

Evaluation of the competitive dynamics in the industry : Discuss the strategy of a chosen SME in a chosen industry and to evaluate its interaction with the environment - identify potential international target market
What is Harry return on investor equity for this investment : Harry bought 100 shares of stock at a price of GHS48 a share. He used his 60% margin account to make the purchase. What is Harry return on investor equity
Calculate the cost to Olti Ltd of not accepting the discount : Slenti Ltd's normal credit terms to Olti Ltd are 30 days but is prepared to allow a 2% rebate. Calculate the cost to Olti Ltd of not accepting the discount
Record the journal entry needed to account for the pension : Record the journal entry needed to account for the pension expense in 2022 assuming Superman uses ASPE and then redo the entry assuming IFRS is used
What is the amount of gain on the sale : You buy 100 shares of stock at $25. If you sold your stock at $29 per share, less $25 in commission, what is the amount of gain on the sale
What is the price and quantity variances : Monthly budgeted fixed overhead is $17,400. Revenues for the month were $73,700, What is the price and quantity variances
Explain how the SML would change : You have looked up the current risk-free rate of return, which is 1%. Explain how the SML would change if the risk-free rate were to rise to 3%
Identify the responsibilities of three functional department : Identify the responsibilities of three functional departments of the organization in the course scenario: sales, operations, and marketing
What challenges auditors will face in the next few years : What challenges auditors will face in the next few years? How should the auditing profession adapt to changes in current economic and technological environment

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which will be recorded in the month of november

Which will be recorded in the month of November? Princess Pencils Inc incurred salaries in the month of November but will only make payment in December.

  Compute earnings per share data

Instructions: Compute earnings per share data as it should appear in the 2012 income statement of Shulo Corporation

  Misemer corporation is developing standards for its

misemer corporation is developing standards for its products. one product requires an input that is purchased for 57.00

  What are your thoughts on making adjusting journal entries

what are the four different adjusting journal entries? what accounting assumptions necessitate the use of adjusting

  Prepare the journal entries required on august

Prepare the journal entries required on August 30, 2018 to accrue interest and to record the discounting for Regal

  The accountant for teresau2019s dress shop prepared the

the accountant for teresau2019s dress shop prepared the following cash budget. teresau2019s desires to maintain a cash

  What is the future value of this account

Steve invests $2,000 in a savings account for 6 years paying 5% interest compounded annually. What is the future value of this account at the end of the 6-year

  Determine Marie and Ethan current income

Determine Marie and Ethan's current income, gain, or loss; calculate the basis that each takes in the Roundtree stock

  Find the differential cost of producing product c

Product C would sell for $55 per pound and would require an additional cost of $22 per pound to produce. Find the differential cost of producing Product C

  Compute alternative minimum tax

Compute Alternative Minimum Tax, how to compute self-employment tax, and the requirements to claim the various non-refundable and refundable credit.

  What income did allerton record from jenson

What income did Allerton record from Jenson in 2014? What income did Allerton record from Jenson in 2015?  Record the journal entry to recognize the conversion to the equity method?

  Complete the production cost report

Massey Corporation uses a process cost system and the weighted-average cost flow assumption. Production begins in the Fabricating Department-Complete the Production Cost Report for March

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd