Donald Yates purchased 400 shares of Adco Mutual Fund for an offer price of $3.28. He later sold the shares at a net asset value of $5.16 per share. During the time Donald owned the shares, Adco paid a dividend of $.23 three times. What was Donald's return on his investment? (Round to the nearest tenth of a percent)
78.4%
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A) Leadership B) Integrity C) Valuing diversity D) Self-assessment
In the context of labor relations, ________ refers to a situation wherein workers walk off the job in violation of their contract.
A. grievance procedure B. employment-at-will C. comparable worth D. wildcat strike E. arbitration
Once you know your ________ you can calculate gross profit.
A. cost of goods sold B. gross cost C. unit of sale D. net profit
A tile manufacturer has supplied the following data: Boxes of tiles produced and sold 520,000Sales revenue$2,132,000Variable manufacturing expense$650,000Fixed manufacturing expense$464,000Variable selling and administrative expense$260,000Fixed selling and administrative expense$312,000Net operating income$446,000 If the company increases its unit sales volume by 3% without increasing its fixed expenses, then total net operating income should be closest to:
A. $459,380 B. $482,660 C. $13,380 D. $453,667