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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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In your project, the earned value is greater than the planned value. This means the project is ahead of schedule and under budget.

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It is the set of strategies and methods used by the project leader so that all stages of the project occur as planned, that is, techniques for achieving the project objectives, reducing negative risks and using the stipulated budget and schedule.

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5 0
2 years ago
Which of the following most accurately states the economic significance of exchange? a. Physical goods have value because they e
Annette [7]

Answer:

c. Exchange creates value by moving goods from parties who value them less to parties who value them more.

Explanation:

Exchange is described as the process of changing some goods for some other goods.

Exchange clearly provides you with the goods you value for, and in exchange for those goods you pay the goods you do not value.

This, results in adding value to the goods acquired by you, and adds value to the goods given by you for the person to whom it is exchanges.

As for example when a cloth is purchased by me for $100 then such adds the value to cloth and because it was worth less than $100 for the seller it has added value to the cloth.

6 0
3 years ago
Based on the regression model, the expected daily production volume with 112 factory workers is 118,846 units. The human resourc
givi [52]

Answer:

The residual would be 4569.

Explanation:

Residual is a difference between the observed value and the estimated value.

123,415 - 118,846 = 4569

4 0
2 years ago
Read 2 more answers
Which type of investment offers both capital gains and interest income?
xxMikexx [17]
The answer is C - stocks
8 0
2 years ago
Read 2 more answers
The adjusted trial balance of Norton Company contained the following information. Assume the tax rate is 25%:
const2013 [10]

Answer:

b. $65,000

Explanation:

Particulars                                            Amount

Revenues

Service Revenue                                   $390,000  

Less: Sales Return and allowance       $10,000

Less: Sales Discount                             <u>$5,000   </u>

Net Sales Revenue                                $375,000

Less: Cost of Goods Sold                      <u>$200,000</u>

Gross Profit                                             $175,000

Less: Operating Expenses                     <u>$110,000</u>

Operating Income                                  <u>$65,000</u>

Thus, income from operation is $65,000

6 0
3 years ago
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