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melomori [17]
3 years ago
8

A year ago, Kim Altman purchased 200 shares of BLK, Inc. for $25.50 on margin. At that time the margin requirement was 40 percen

t. If the interest rate on borrowed funds was 9 percent and she sold the stock for $34, what is the percentage return on the funds she invested in the stock
Business
1 answer:
salantis [7]3 years ago
4 0

Answer:

69.83%

Explanation:

Calculation for Kim Altman percentage return on the funds she invested in the stock

Calculation for Kim’s own money =

$5100 x .4 = $2040

Caluculation for total Long Position =

$34 x 200 = $6800

Calculation for Interest Borrowed =

$3060 x .09 = $275.4

Total gain/profit =

$6800 - $5100 - $275.4

= $1424.60

Percentage on Return

= $1424.60 / $2040 = .6983

.6893x 100 = 69.83%

Therefore the percentage return will be 69.83%

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3 years ago
A balanced budget is present when a. the economy is at full employment. b. the actual level of aggregate spending equals the pla
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Answer:

d. government revenues equal government expenditures.

Explanation:

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3 years ago
When workers stop working until management meets certain conditions, the event is called a _______?
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5 0
3 years ago
On January​ 2, 2019, Kaiman Corporation acquired equipment for​ $700,000. The estimated life of the equipment is 5 years or​ 80,
disa [49]

Answer:

$272,000

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Depreciation is a method of expensing the cost of an asset.

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The straight line depreciation method Deprecation allocates the same deprecation expense each year of the useful life of an asset.

The depreciation expense in 2019 and 2020 would be $136,000 x 2 = $272,000

I hope my answer helps you

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