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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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To understand how the weights of the cereal boxes vary among four different adjustable stabilizer settings of the rotary valve o
malfutka [58]

Answer:

The correct answer is letter "B": the independent variable.

Explanation:

Multiple regression is a mathematical model used concerning two or more variables when one value is to be used. The independent variable is the reason for the research, and the variables are dependent when they represent the value factors that need to be evaluated and are why the analysis is being carried out.

In the example,<em> the independent variable is the weight of the boxes</em> and <em>the dependent variables are the adjustable stabilizer settings of the rotary valve on the filling machine in three different production shifts</em>.

8 0
3 years ago
Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:
Alex73 [517]

Answer:

Equivalent units of Production = 46500 & 37800

Explanation:

At the start of October, Clonex Labs inc, started with 385000 units into production and at the end of the month it had completed 409000 units this means the difference between 409000 and 385000 is the number of units transferred to the next department (i.e 24000), now that we have computed this, we find ending work-in-process as follows:

Clonex Labs, Inc.                                           Materials   Conversion

Units transferred to the next department:    24000        24,000

Ending work in process :

Materials : 30000x75%                                  22500

Conversion : 30000x46%                                                    13800

                                                                      -------------        -------------

Equivalent units of Production =                    46500           37800            

                                                                     =========        ========  

3 0
3 years ago
Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible preferred stock outstanding
Burka [1]

Answer:

$2.73

Explanation:

<em>Diluted Earnings Per Share = Earnings Attributed to Common Stockholders ÷ Weighted Average Number of Common Stockholders Outstanding</em>

where,

Earnings Attributed to Common Stockholders = $420,000

and

Weighted Average Number of Common Stockholders Outstanding = 110,000 + (11,000 x 4) = 154,000

therefore,

Diluted Earnings Per Share = $420,000 ÷ 154,000 = $2.73

Conclusion

Rudyard's diluted EPS is $2.73

7 0
3 years ago
What is the best way to pay a bank fee
VLD [36.1K]
I'd say it would be best to pay in all cash. 
7 0
4 years ago
Most economists believe that prices are:
BaLLatris [955]

Answer: Most economist believe that prices are flexible in the long run but many are sticky in the short run.

Explanation:

Prices are sticky in the short run because producers and buyers take time to adapt to new situations. If there is a shortage of butter, lets say, the economic theory says that the prices will rise because there is less butter ( ceteris paribus = all the other factors remain constant). Actually, buyers and suppliers need time to adapt to the new situation. However, in the long run buyers and suppliers have time to adapt to new situations so prices become more flexible.

8 0
4 years ago
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