Stubs-R-Us is a local event ticket broker. Last year, the company sold 750,000 tickets with an average commission of $10. Because of the general economic climate, Stubs expects ticket volume to decline by 20 percent. In addition, employees at a local insurance company headquarters accounted for 8 percent of Stubs’ volume. The headquarters relocated to another state and all the employees closed their accounts.
Offsetting these factors is the observation that the average commission per sale is likely to increase by 13 percent because the average ticket prices are expected to be larger in the coming year.
Required:
Estimate commission revenues for Stubs-R-Us for the coming year.
Answers
Answer:
$6,237,600
Explanation:
The computation of Estimate commission revenues is shown below:-
In the Coming year the market volume = 100% - 20%
= 80%
In the Coming year the number of sales = 100% - 8%
= 92%
In the coming year the Average commission per trade = 100% + 13%
= 113%
Commission revenue = Sold tickets × Average commission × In the Coming year the market volume × In the Coming year the number of sales × In the coming year the Average commission per trade
= 750,000 × $10 × 0.80 × 0.92 × 1.13
= $6,237,600
We applied the same formula to find out the commission revenue earned by the company
Related Questions
Which of the following is NOT a way that regular physical activity affects the body?
Develops muscle tone
Maintains circulation
Improves emotional well-being
Adds tension
Answers
Answer:
Adds Tension.
Explanation:
Exercises do no harm for the body.
SAPPY HAD A LITTLE LAM, No he didn’t. True or false?
Answers
what amount of Capital could be raised by Transnet
Answers
The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
What is Transnet?This is the name of a railroad company that was established in South Africa. The company is known for the fact that it is a port, a rail and a pipeline company in the nation.
According to the goals of the company, there goal is to grow the business to have a R100 billion business by 2020. This business is a limited liability company that is owned majorly by the Department of Public Enterprises of South Africa. The government of the country are known to be the sole share holder that the business has in the nation.
So based on the question that we have here we can conclude that the The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.
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Foundation
QUESTION 8 / 10
Which of the following statements is TRUE about payday loans?
Answers
Answer:
what are the answer choices
Why is the relational approach to leadership useful for leading sustainability in an organisation? Please indicate 3 reasons.
Answers
Answer:
The understanding including its context has been explained throughout the explanation segment elsewhere here.
Explanation:
The relational leadership style wants to replicate the understanding that organizational culture ultimately resulted from those throughout the actions including its exemplary entrepreneur with either the perspective that leadership moves away from relations between people, gatherings. Relational leadership acknowledges that perhaps the performance of the connections clients construct seems to be the surprise to relevance and success.This methodology takes time to build as well as accomplish the goals of organizations, requirements, standards of practices, and so much more. Relational leadership could sometimes be extremely successful, especially whether it is accurate, caring, and compassionate, strengthened by hand movements of companionship but instead embodied mostly in the cultural values of an organization.TRUE/FALSE. risks, assumptions and constraints are included in the project charter so that key participants will be aware of what could prevent them from successfully completing the project.
Answers
risks, assumptions and constraints are included in the project charter so that key participants will be aware of what could prevent them from successfully completing the project: true, given statement is true.
A project charter, project definition, or project statement is a description of a project's scope, goals, and participants in project management. It specifies the authority of the project manager, identifies the important stakeholders, explains the project's primary aims, and gives a preliminary demarcation of roles and duties.
The project charter is the name of this document in Initiative for Policy Dialogue (IPD). The project definition report is what it is known as in customer relationship management (CRM). This document is necessary as part of the project management procedure according to both IPD and CRM.
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Which of the following is a consideration when choosing a form of
business organization?
Answers
Available options are:
A. The time of year that the business was established
B. The ease with which the founder of a business can transfer ownership to someone else
C. The degree of competition faced by the business
D. The type of product manufactured by the business
Answer:
The ease with which the founder of a business can transfer ownership to someone else
Explanation:
Given that a form of business organization can be either of any Sole proprietorship, Partnerships, or Corporations. Hence there are many fundamental factors to consider by the business owner when choosing a form of business organization. Some of these includes:
1. Cost of Establishment and Financing
2. Level of Control
3. Level of Profits to Share
4. Degree of Taxation.
5. Continuity and Transferability.
6. Risk Tolerance.
Hence, considering the available options, the correct answer is "The ease with which the founder of a business can transfer ownership to someone else"
how to get rid of detrimental body language in the negotiation
Answers
Answer:
The answer is below
Explanation:
There are various ways to get rid of detrimental body language in the negotiation. Some of which are:
1. Speak with confidence and coherently: this will show you're not desperate
2. Maintain eye contact: keeping eye contact during negotiations shows you're sure of what you're saying and won't be smooth-talked or dominated.
3. Make a good handshake: some believe a firm handshake shows you're strong character, hence the other party will respect your opinions or negotiations point of view better.
4. Ensure you keep a nice posture or position: fidgeting around met be translated as being weak or uncomfortable, hence, the other party may think you're not sure of yourself.
Which controls almost all of the media industry?
a few large companies
government agencies
small broadcasters
innovative entrepreneurs
Answers
Junker’s Stash started the Year 2 accounting period with the balances given in the financial statements model shown below. During Year 2, Junker’s Stash experienced the following business events:
1. Paid cash to purchase $70,000 of merchandise inventory.
2. The goods that were purchased in Event 1 were delivered FOB destination. Freight costs of $1,400 were paid in cash by the responsible party.
3a. Sold merchandise for $72,000 under terms 1/10, n/30.
3b. Recognized $41,900 of cost of goods sold.
4a. Junker’s Stash customers returned merchandise that was sold for $2,100.
4b. The merchandise returned in Event 4a had cost Junker’s Stash $1,250.
5. The merchandise in Event 3a was sold to customers FOB destination. Freight costs of $1,650 were paid in cash by the responsible party.
6a. The customers paid for the merchandise sold in Event 3a within the discount period. Recognized the sales discount.
6b. Collected the balance in the accounts receivable account.
7. Paid cash of $6,850 for selling and administrative expenses.
8. Sold the land for $9,100 cash.
Required a. Record the above transactions in a financial statements model. The first event is recorded as an example.
b. Determine the amount of net sales.
c. Prepare a multistep income statement. Include common size percentages on the income statement.
d. The return-on-sales ratio for Junker’s Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker’s Stash increase or decrease in Year 2?
Answers
Answer:
a. Record the above transactions in a financial statements model. The first event is recorded as an example.
I prepared an excel spreadsheet because there is not enough room here.b. Determine the amount of net sales.
$69,201c. Prepare a multistep income statement. Include common size percentages on the income statement.
Multistep Income Statement
Revenues: $69,201
Sales revenue $72,000Sales discounts ($699)Sales returns and allowances ($2,100)COGS: ($40,650)
Gross profit: $28,551
S&A expenses: ($8,500)
Delivery ($1,650)Sales and adm. expenses ($6,850)Operating income $20,051
d. The return-on-sales ratio for Junker’s Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker’s Stash increase or decrease in Year 2?
return on sales = operating profit / net sales = $20,051 / $69,201 = 28.98%
this means that Junker's expenses decreased this year
Explanation:
1)
Dr Merchandise inventory 70,000
Cr Cash 70,000
3)
Dr Accounts receivable 72,000
Cr Sales revenue 72,000
Dr Cost of goods sold 41,900
Cr Merchandise inventory 41,900
4)
Dr Sales returns and allowances 2,100
Cr Accounts receivable 2,100
Dr Merchandise inventory 1,250
Cr Cost of goods sold 1,250
5)
Dr Delivery expense 1,650
Cr Cash 1,650
6)
Dr Cash 69,201
Dr Sales discounts 699
Cr Accounts receivable 69,900
7)
Dr S&A expenses 6,850
Cr Cash 6,850
8)
Dr Cash 9,100
Cr land 9,100
In buying an existing business the prospective buyer should ask questions about the operation of the business which of the following would be an appropriate question to ask
Answers
In buying an existing business, the questions that would be appropiate for the prospective buyer to ask are the following:
E. All of the above are appropriate questions to ask.I was able to find the complete exercise online and the exercise had five options to choose from. These are the options:
A. Is the business operating at a profit? B. Why are you selling? C. Are there any problems with the business? D. Will the customers stay with the business?E. All of the above are appropriate questions to ask.The correct option was "E" because all the questions are not only appropiate but necessary to ask.
When buying an existing business, you need to know everything about the business and the reason why the owner is selling because it may make you change your opinion or help you make future decisions.
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Answer: A) What are you going to do with the down payment?
Explanation:
I got it right trust
On January 1, 2023, the Tamarisk Company budget committee reached agreement on the following data for the six months ending June 30, 2023:
1. Sales units: First quarter 4,900; second quarter 6,000; third quarter 7,300 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending finished goods inventory: 25% of the next quarter's expected sales units 4. Third-quarter production: 7,500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram.
Question: Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023.
Answers
The final raw material and finished goods inventories at the end of 2020 had the same production and sales percentages as those planned for 2020.
Each kilogramme of finished goods requires 3 kilogrammes of raw materials to manufacture. The estimated cost of raw materials is $4 per kilogramme.
Make a production budget for the six-month period ending June 30, 2021, broken down into quarters.
Sales units: 4,900 in the first quarter, 6,000 in the second, and 7,300 in the third quarter. Ending raw materials inventory: 40% of the following quarter's sales units. The following information for the six months ending June 30, 2023, was agreed upon by the Tamarisk Company budget committee on January 1, 2023: 1. Units of sales First . The Tamarisk Company budget committee agreed on the following on January 1, 2023.
information for the six months ended June 30, 2023:
First quarter: Starting inventory = 5,100 multiplied by 25%
Initial stock = 5,100 * 0.25
Starting stock is $1,275.
Desired final stock = 6,100
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f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.
Answers
Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.
A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.
Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.
In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.
Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.
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The heat from warm river waters draining into the Arctic Ocean is contributing to the melting of Arctic sea ice each summer, a new NASA study finds. the summer of 2012. They observed a sudden influx of warm river waters into the sea that rapidly warmed the surface layers of the ocean, enhancing the melting of sea ice. A paper describing the study is now published online in the journal Geophysical Research Letters.
—"Warm Rivers Play Role in Arctic Sea Ice Melt,"
NASA
Which details should be included in a summary about the passage?
A research team led by Son Nghiem of NASA's Jet Propulsion Laboratory in Pasadena, Calif., used satellite data to measure the surface temperature of the waters discharging from a Canadian river into the icy Beaufort Sea during
Check all that apply. Warm water is melting the Arctic Sea ice. The research team is led by Son Nghiem. The sudden flow of warm waters into the sea are rapidly warming the ocean's surface. A paper describing the study can be found online. The journal is called Geophysical Research Letters.
Answers
Answer:
a and c
Explanation:
What is a disadvantage of digital payments
Answers
Answer:In conclusion, virtual payments offer many advantages, including convenience, security, and reduced costs. However, there are several disadvantages to consider, such as technical issues, security risks, and limited consumer protection.
Explanation:
A cob Douglas production function for a firm is given as Q=4L ½K½. The firm has also established that wage rate and interest paid on capital are $3 and $5 respectively for a production period. The firm intents to spend $200 million for the period on production cost. Compute the levels of capital and labor that will maximize output. What is the maximum output
Answers
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
Answers
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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.
When the economy moves from one point on its PPF to another point on its PPF, it is illustrating a
A. tradeoff
B. movement from an unattainable point to an attainable point.
Оооо
C. free lunch
D. movement from an attainable point to an unattainable point
Answers
When the economy moves from one point to another on the the PPF it is illustrating a tradeoff
What is a trade off?This is used to show the fact that more of a good was sacrificed for another good.
The amount of resources of the good A that has to be decreased and then transferred over to another good B.
The trade off is between the devotion of the resources available for the production of one of these goods against the other good.
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3. Mr. and Mrs. Howard want to buy a home valued at $280,000. If they have 15% of this amount saved for a down payment, how much have they saved?
Answers
Answer:
they have 42,000 saved I hope I'm right
Creating your own flyer assignment
Answers
Answer:
what's the question ...?
Explanation:
Question 3 of 10
What is an advertising campaign?
A. A method of finding customers according to particular
characteristics
B. A set of games customers receive for free when they buy certain
products
C. An electronic device that enables customers to interact with an
advertisement
D. A series of product-related activities designed to get the attention
of customers
Answers
An advertising campaign is a series of product-related activities designed to get the attention of customers. Option D
What is an advertising campaign?An advertising campaign is a series of product-related activities designed to get the attention of customers. It involves the creation and dissemination of advertising messages through various channels such as TV, radio, print, online and social media, with the goal of promoting a product, service or brand to a specific target audience.
The campaign typically has a specific objective and a set budget and may run for a defined period of time.
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Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2021, the following transactions related to receivables occurred:
Feb. 28 Sold merchandise to Lennox, Inc., for $10,000 and accepted a 10%, 7-month note. 10% is an appropriate rate for this type of note.
Mar. 31 Sold merchandise to Maddox Co. that had a fair value of $7,200, and accepted a noninterest-bearing note for which $8,000 payment is due on March 31, 2022.
Apr. 3 Sold merchandise to Carr Co. for $7,000 with terms 2/10, n/30. Evergreen uses the gross method to account for cash discounts.
11 Collected the entire amount due from Carr Co.
17 A customer returned merchandise costing $3,200. Evergreen reduced the customer’s receivable balance by $5,000, the sales price of the merchandise. Sales returns are recorded by the company as they occur.
30 Transferred receivables of $50,000 to a factor without recourse. The factor charged Evergreen a 1% finance charge on the receivables transferred. The sale criteria are met.
June 30 Discounted the Lennox, Inc., note at the bank. The bank’s discount rate is 12%. The note was discounted without recourse.
Sep. 30 Lennox, Inc., paid the note amount plus interest to the bank.
Required:
1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold.
2. Prepare any necessary adjusting entries at December 31, 2021. Adjusting entries are only recorded at year-end.
3. Prepare a schedule showing the effect of the journal entries on 2021 income before taxes
Answers
Answer:
Evergreen Company
1. Necessary Journal Entries for Evergreen involving the sale of merchandise:
Feb. 28 Debit Notes Receivable (Lennox Inc.) $10,000
Credit Sales Revenue $10,000
To record the sale of goods on credit, terms 10% 7-month note.
Mar. 31: Debit Notes Receivable (Maddox Co.) $8,000
Credit Sales Revenue $7,200
Credit Interest Receivable $800
To record the sale of goods on credit.
Apr. 3 Debit Accounts Receivable (Carr Co.) $7,000
Credit Sales Revenue $7,000
To record the sale of goods with terms 2/10, n/30.
Apri. 11 Debit Cash Account $6,860
Cash Discount Allowed $140
Credit Accounts Receivable (Carr Co.) $7,000
To record the collection on account.
Apr. 17 Debit Sales Returns $5,000
Credit Accounts Receivable $5,000
To record the return of goods on account.
Apr. 30 Debit Cash Account $49,500
Debit Finance Charges $500
Credit Accounts Receivable $50,000
To record the transfer of receivables to a factor without recourse and 1% finance charge.
June 30 Debit Cash Account $8,800
Debit Finance Charges $1,200
Credit Notes Receivable $10,000
To record the discounting of the note at the bank at 12%.
2. Necessary Adjusting Journal Entries at December 31, 2021:
3. A Schedule showing the effect of the journal entries on 2021 income before taxes:
Sales revenue $10,000
Sales Revenue 7,200
Sales Revenue 7,000
Discount Allowed (140)
Interest Receivable 800
Sales Returns (5,000)
Finance charges (500)
Finance charges (1,200)
Explanation:
Finance charge of $500 = ($50,000 * 1%). Factoring accounts receivable enables Evergreen to collect on its accounts receivable before the due date. This usually attracts some finance charges. Sales without recourse means that the factoring company and not Evergreen accepts the risk associated with credit default. Sales with recourse implies that Evergreen retains the risk arising from credit default.
Discussion board: Calculate employee earnings and deductions. Which include the three steps that are required to determine how much to pay an employee for a pay period. In your response, also include the deductions from gross pay that fall into three categories, what are those categories. Then finish your response by listing the four factors that determine the amount to be withheld from an employee’s gross pay each pay period
Answers
To determine how much to pay an employee for a pay period, there are three essential steps
Calculate the employee's gross pay: This is the amount an employee earns before any deductions are taken out. Gross pay is calculated by multiplying the employee's hourly rate by the number of hours worked during the pay period, or by using a fixed salary rate.
Deduct any pre-tax deductions: Pre-tax deductions are taken out of an employee's gross pay before taxes are calculated. Examples of pre-tax deductions include contributions to a 401(k) plan, health insurance premiums, and flexible spending accounts.
Calculate and deduct any post-tax deductions: Post-tax deductions are taken out of an employee's paycheck after taxes have been calculated. Examples of post-tax deductions include wage garnishments, child support payments, and charitable donations.
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Dake Corporation's relevant range of activity is 2,200 units to 5,000 units. When it produces and sells 3,600 units, its average costs per unit are as follows For financial reporting purposes, the total amount of product costs incurred to make 3,600 units is closest to:
Answers
Answer: $50,940
Explanation:
The total amount of product costs incurred to make 3,600 units will be calculated as:
Direct materials = 3600 x 6.85 = 24660
Add: Direct labor= 3600 x 2.80= 10080
Add: Variable manufacturing overhead = 3,600 x 1.50 = 5400
Add: Fixed manufacturing overhead = 3600 x 3 = 10,800
Therefore, the Total product cost will be:
= 24660 + 10080 + 5400 + 10800
= $50,940
If you had a clause in your wage contract that increased your wage bythe rate
of inflation as measured by the CPI calculated above, wouldyour standard
of living increase, decrease, or stay the same over the years 2003–2005?
Why
Answers
If wage is increased at the inflation rate measured by the CPI, the standard of living would increase. This is because the CPI overstates inflation.
What is the CPI?The consumer price index measures the changes in price of a basket of good. It is used to measure inflation.
Inflation is when there is a persistent rise in the general price levels in an economy. Inflation can be as a result of increase in the cost of production or an increase in the demand for goods and services. The consumer price index usually overstates inflation.
Consumer price index = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
One of the measures of the standard of living, is if wages rise in tandem with inflation. If the rate of increase in wages is greater than that of inflation, the standard of living is higher.
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Arianna is setting up an entertainment system. At this particular home, she needs to hold up a receiver while moving
wires around and reaching for tools. Arianna is using
physical strength and dexterity.
O problem-solving skills.
accuracy and attention to detail.
planning and organization skills.
оооо
Answers
Answer: Physical Strength and Dexterity
Explanation:
I just took the test
Answer:
A. physical strength and dexterity.
Explanation:
After Xavier and Alyssa deposited nearly $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy. Because the Bigbux was an FDIC member bank, Xavier and Alyssa:_______
Answers
Answer: should be protected because their account is fully insured by the FDIC.
Explanation:
From the question, we are informed that Xavier and Alyssa kept about $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy but that the bank FDIC member bank.
Based on the above scenario, they'll be protected because their account is fully insured by the FDIC. It should be noted that the Federal Deposit Insurance Corporation helps in insuring several bank deposits and in case of bank failure, the depositors will be paid or the accounts of the bank will have to be transferred to some other bank.
___________ is a way of saving a file so it can be used by a different program. A. Selecting B. Exporting C. Citing D. Formatting Please select the best answer from the choices provided A B C D Mark this and return
Answers
Answer:
B. Exporting
Explanation:
Using the High Case, calculate the Debt-to-Total Capital ratio for 2020E.
Answers
The Debt-to-Total Capital ratio is 1/5 or 0.2.
How to illustrate the information?It should be noted that the debt to capital ratio is used to measure the financial leverage of a company.
It should be noted that the debt to capital ratio will be:
= Total debt / Equity
= 2/10
= 1/5
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Using the High Case, calculate the Debt-to-Total Capital ratio for 2020 when the debt is $2 million and the capital is $10 million.
What is the total annual dividend received from Owning 50 Shares of stock A, if company A issues a $0.15 cent quarterly dividend to its shareholders? Total annual dividend?
Answers
The total annual dividend for 50 shares of stock A is $30.00
If company A issues a $0.15 cent quarterly dividend, then the annual dividend per share would be:
$0.15 x 4 = $0.60
To calculate the total annual dividend received from owning 50 shares of stock A, we need to multiply the annual dividend per share by the number of shares owned:
Total annual dividend = $0.60 x 50 = $30
Therefore, owning 50 shares of stock A and receiving a quarterly dividend of $0.15 per share would result in a total annual dividend of $30. It's important to note that dividends are not guaranteed and may fluctuate based on the company's financial performance and other factors. Additionally, stock prices may also fluctuate and can affect the overall return on investment for a stockholder. Therefore, it's important to consider both the potential dividend income and the potential capital appreciation when making investment decisions.
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