vladisking888
16.08.2020 •
Business
Lisa Lasher buys 400 shares of stock on margin at $21 per share. If the margin requirement is 50 percent, how much must the stock rise for her to realize a 35-percent return on her invested funds
Solved
Show answers
More tips
- C Computers and Internet Log-in: what is it and why do you need it?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- F Food and Cooking 10 Reasons Why You Should Avoid Giving Re-Gifts: An Informative Guide...
- S Sport How to wrap boxing hand wraps? Everything you need to know!...
- A Animals and plants 5 Tips for Taking Care of Yews to Keep Them Green and Beautiful...
- H Health and Medicine How to Calm Your Nerves? Expert Tips That Actually Work...
- O Other What is a Disk Emulsifier and How Does it Work?...
- S Sport How to Pump Your Chest Muscle? Secrets of Training...
- C Computers and Internet How to Get Rid of 3pic Infector: Everything You Need to Know...
- S Style and Beauty How to Grow Hair Faster: Real Methods and Advice...
Answers on questions: Business
- B Business Harvey s wholesale company sold supplies of $46,000 to northeast company on april 12 of the current year, with terms 1/15, n/60. harvey uses the net method of accounting...
- B Business Kristi collmer and ray bergeron each received signing bonuses from their accounting firms today. kristi received $5,000 immediately. ray will receive $1,500 at the...
- B Business Cosi company uses a job order costing system and allocates its overhead on the basis of direct labor costs. cosi expects to incur $830,000 of overhead during the...
- B Business Over the last century in the United States there has been an increase in as a percentage of total output. Farming, international trade, and manufacturing. Services,...
- B Business A barrier to entry is: A. A law established by the government to protect new industries. B. A commitment on the part of big business to allow smaller companies to...
- B Business A Canadian project has an initial cost of Can$1.8 million and is expected to produce cash inflows of Can$710,000 a year for 3 years after which time it will be worthless....
- B Business Jefferson Mills just paid a dividend of $2 per share on its stock. The dividends are expected to grow at a constant rate of 8 percent per year, indefinitely. What...
- B Business If the managers of both firms are conservative and each follows a maximin strategy, what will be the outcome? The outcome if both managers follow maximin strategies...
- B Business K Company estimates that overhead costs for the next year will be $2,400,000 for indirect labor and $900,000 for factory utilities. The company uses direct labor...
- B Business A car rental agency which leases cars to another firm buys cars for $9,000 and sells them for $6,000 two years later. It charges a monthly rate the second year of...
Ответ:
$3.68 per share
Explanation:
Lisa Lasher purchases 400 shares of stock on margin at the price of $21 per share
The margin requirement is 50%
= 50/100
= 0.5
The first step is to calculate the amount of money invested
= $21×400×0.5
= $4,200
The amount in which the stock must rise to inorder for Lisa to realize a 35% return on invested funds can be calculated as follows
= 35/100×4,200
= 0.35×4,200
= $1,470
$1470/400 shares
= $3.68 per share
Hence the stock must rise to $3.68 per share for Lisa to realize a 35% return on her invested funds
Ответ:
The account is debited on December 31, 2020: Interest expense by the entry:
Debit Interest expense $24,000
Credit Interest Payable $24,000
Explanation:
Slack Inc. borrowed $400,000 on July 1, 2020. The note requires interest at 12%.
The amount of interest Slack Inc. pays per year = $400,000 x 12% = $48,000
On December 31, 2020, the company has borrowed $400,000 for 6 months. Following the Accrual basis, Slack Inc. would report on December 31, 2020 the interest expense for 6 months:
$48,000/12 x 6 = $24,000
The adjustment entry:
Debit Interest expense $24,000
Credit Interest Payable $24,000