Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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- Two years ago, you purchased 100 shares of General Mills Corporation. Your purchase price was $59 a share, plus a total commission of $29 to purchase the stock. During the last two years, you have received the following dividend amounts: $1.60 per share for the first year and $1.71 per share the second year. Also, assume that at the end of two years, you sold your General Mills stock for $66 a share minus a total commission of $38 to sell the stock. Calculate the dividend yield for your General Mills stock at the time you purchased it. Note: Enter your answer as a percent rounded to 2 decimal places. Calculate the dividend yield for your General Mills stock at the time you sold it. Note: Enter your answer as a percent rounded to 2 decimal places. Calculate the total return for your General Mills investment when you sold the stock at the end of two years. Note: Do not round intermediate calculations. Round your final answer to the nearest whole number. Calculate the annualized holding…arrow_forwardPls help ASAParrow_forwardLook into the situation where a company that is bankrupt reports fake revenue. What effect these actions have on an entity that is itself.arrow_forward
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- Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation. Subchapter S Closely-held Professionalarrow_forwardIf you could create a new credit or deduction, what would you create? Please provide as much detail as possible as it pertains to rules and any potential exceptions. Also, would you prefer it to be a credit or deduction and why?arrow_forwardA sales associate prepares a BPO but they can't remember if they can charge the client for this service. You inform the sales associate that in Florida: "You can't charge for the BPO, that's illegal." "You can charge for the BPO as long as you only do so under the supervision of your employing broker." "You can't charge for the BPO unless you run it by a certified appraiser." "You can charge for the BPO, but refer to it as an appraisal toarrow_forward
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