Answer:
- 41.67%
Explanation:
For computing the rate of return first we have to compute the initial investment which is shown below:
= Number of shares × per share × initial margin percentage
= 300 shares × $60 per share × 60%
= $10,800
Now Loss on sale of common stock is
= (Selling price - purchase price) × number of shares purchased
= ($45 - $60 ) × 300 shares
= - $4,500
So the rate of return will be:
= Loss ÷ Initial Investment
= - $4,500 ÷ $10,800
= - 41.67%
It controls the money supply
Answer:
2.38%
Explanation:
In January 2017 the average house price in an area was $279,400
In January 2002 the average house price was $196,300
Therefore the annual increase in selling price can be calculated as follows
t = 15
= ($279,400/$196,300)^1/15 -1
= 1.42333^0.06666 -1
= 1.02378 -1
= 0.02378 ×100
= 2.38%
Hence the annual increase in selling price is 2.38%
Answer:
The journal entry is as follows:
Cash A/c Dr. $51.45
To Paid in capital in excess of par value A/c $51.42
To Common shares A/c $0.03
(To record the sale of the shares)
Note: The amount mentioned in debit and credit column in the above journal entry are in the millions of dollar.
Workings:
Cash = Shares sold × shares closing price
= $3 million × $17.15
= $51.45 million
Common shares = Shares sold × Par value per share
= $3 million × $0.01
= $0.03 million
Paid in capital in excess of par value = Cash - Common shares
= $51.45 - $0.03
= $51.42
One of the most valuable sources firms have at their disposal is a rich cache of customer information and purchase history from their day-to-day operations, which is a type of Internal secondary data
Explanation:
<u>Internal secondary data:</u> It is the data that is obtained from within the organization.
A company's internal data, such as the sales and marketing data , customer information system , product purchasing and usage data are few example of Internal secondary Data
