A stock started at $80 per share, paid $2.40 dividend, and ended at $91. What was the total return?

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A: 1. Applying LCM to Individual Inventory ItemsUnder this method, we compare the Cost and Market value…

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A: Step 1: Define Target SalesDetermining the target sale in order to generate the desired amount of…

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A: Step 1: Define Absorption CostingIn cost accounting, absorption costing refers to the proper…

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A: Step 1:The cash collected from March credit sales in May is calculated as follows: Cash collected…

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A: Step 1: Define Sales RevenueThe sales revenue is the income received by selling the products or…

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A: Explanation of Cash DiscountA cash discount is an incentive offered by sellers to encourage early…

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A: Step-by-Step Solution:1. Sales RevenueSales Revenue=Units Sold×Selling Price Per UnitSales…

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A: Step 1: Understand the SituationBest Deals Inc. has 6 CD players in ending inventory on December 31.…

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A: Step 1: Define AssetsAssets refer to the resources owned by a firm that helps in generating…

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A: Step 1: Define Cost Of Common EquityThe cost of common equity is one of the main financing cost…

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A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a cost allocation tool…

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A: Key InformationPrincipal (Loan Amount): $43,000Monthly Interest Rate: 2% (0.02)Loan Period: 4 years…

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A: Step 1: Define Return on assetsReturn on assets refers to how much profit is generated by a business…

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A: Step 1: Define Gross ProfitGross profit is a financial matrix that refers to the total amount of…

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A: Step 1: Analysis of information providedCost of patent = $36,000Expected useful life = 10 yearsLegal…