The percentage participation that Finley determined was 11%, figured by dividing $22,000 (income received) by $200,000 (the gross revenue from the property). Finley’s share of the oil production was determined to be 1,100 barrels (10,000 barrels × 11% (0.11)). Riley owns oil property in which Finley owns a 20% net profits interest. During the year, the property produced 10,000 barrels of oil, which...
December 2020
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks...