Question

June’s portfolio includes 177 shares of Parchar Special Effects, 213 shares of Giaco Household Goods, and 152 shares of Raxin Accounting. If Parchar Special Effects pays a yearly dividend of $8.21 per share, Giaco Household Goods pays $6.97 per share, and Raxin Accounting pays $11.44 per share, how much does June earn in dividends per year?

Answer 1

I just finished taking the test and This one is (B) 4676.66

Answer 2

$4676.66

Explanation:

No. of shares of Parchar Special Effects = 177

If Parchar Special Effects pays a yearly dividend of $8.21 per share

So, It pays a yearly dividend for 177 shares=
`177 * 8.21`

=
`1453.17`

No. of shares of Giaco Household Goods = 213

Giaco Household Goods pays $6.97 per share

So, It pays a yearly dividend for 213 shares=
`213 * 6.97`

=
`1484.61`

No. of shares of of Raxin Accounting= 152

Raxin Accounting pays $11.44 per share

So, It pays a yearly dividend for 152shares=
`152 * 1.44`

=
`1738.88`

So,June earn in dividends per year =
`1453.17+1453.17+1738.88`

=
`4676.66`

Hence June earn $4676.66 dividends per year.