Chapter C, Problem 3.4AA

One year ago, you purchased 500 shares of Summit Tech Corp. stock at a price of $10.50 per share. The company pays an annual dividend of $0.20 per share. Today, you sold all of your shares for $16.75 per share. What is your total percentage return on this investment? Answer this

What is the total period for the month under variable costing?

What is his recognize gain? Accounting question

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Madison Company's cash ledger reports the following for the month ending March 31. Deposits: Date 3/4 Amount Number Date Amount $1,100 Checks: 541 3/2 $5,900 3/11 1,200 542 3/8 500 3/18 3,700 543 3/12 2,400 3/25 3,100 544 3/19 1,100 Cash receipts: 3/26 to 3/31 2,800 545 3/27 800 $11,900 546 3/28 600 547 3/30 1,900 $13,200 Amount Balance on March 1 $5,500 Receipts 11,900 Disbursements (13,200) Balance on March 31 $4,200 Information from March's bank statement and company records reveals the following additional information: a. The ending cash balance recorded in the bank statement is $5,867. b. Cash receipts of $2,800 from 3/26 - 3/31 are outstanding. c. Checks 545 and 547 are outstanding. d. The deposit on 3/11 included an NSF check from a customer in the amount of $470 that did not clear the bank. e. Check 543 was written for $3,000 for office supplies in March. The bank properly recorded the check for this amount. f. An electronic funds transfer (EFT) for March rent was made on March…

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