ACCOUNTING-W/CENGAGENOWV2 ACCESS
26th Edition
ISBN: 9781305716780
Author: WARREN
Publisher: CENGAGE L
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Question
Chapter 13, Problem 13.4CP
(a)
To determine
Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.
The amount that would be received as quarterly dividend by a person who owns 500 shares of Corporation M.
(b)
To determine
To compute: The percent increase in price of Corporation M’s stock from the previous close to the last trade.
(c)
To determine
The percent change in Corporation M’s market price from the 52-week low to the last trade on November 29, 2013.
(d)
To determine
To identify: The cost of buying Corporation M’s 500 shares at the last trade price, and identify the receiver of the cash.
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Amazon.com Incorporated reported the following stock price at the beginning
of each year since 2012. Using 2012 as the base year, develop a simple index
for stock prices.
Year
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Year
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Stock Price
to Open
Year
$175.89
256.08
398.80
312.58
656.29
757.92
Click here for the Excel Data File
What is the percentage increase in price over the 10-year period?
Note: Round your answers to 2 decimal places.
1,172.00
1,465.20
1,875.00
3,270.00
Base 2012
Using the data in the following table, E, calculate the return for investing in this stock from January 1 to December 31. Prices are after the dividend has been paid.
The return for investing in this stock from January 1 to December 31 is ☐ %. (Round to two decimal places.)
Data table
(Click on the following icon in order to copy its contents into a spreadsheet.)
Stock Price
Dividend
Jan 1
$49.96
Mar 31
$51.07
$0.59
Jun 30
$49.52
$0.58
Sep 30
$52.02
$0.77
Dec 31
$52.39
$0.77
Print
Done
- X
Go to Yahoo.com’s financial website and enter Apple, Inc.’s stock symbol, AAPL. Answer the following questions concerning Apple, Inc.
At what price did Apple’s stock last trade?
What is the 52-week range of Apple’s stock?
When was the last time Apple’s stock hit a 52-week high?
What is the annual dividend of Apple’s stock?
How many current broker recommendations are strong buy, buy, hold, sell, or strong sell?
What is the average of the broker recommendations?
What is the price-earnings ratio?
Chapter 13 Solutions
ACCOUNTING-W/CENGAGENOWV2 ACCESS
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