1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Greeley [361]
3 years ago
13

On January 1, you sold short one round lot (that is, 100 shares) of Four Sisters stock at $21 per share. On March 1, a dividend

of $2 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $15 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on April 1?
Business
1 answer:
sammy [17]3 years ago
7 0

Answer:

The value of your account on April 1 is $300

Explanation:

Proceed from short sales

Sales proceed =     $2,100 ($21 * 100 shares)

Less Commission= $50 ($0.50 * 100 shares)

Proceeds =             $2,050

Dividend payment

= 100 shares * $2

=$200

Total Cost of buy back

Buy back= $1,500 ($15 * 100 shares)

Add commission= $50 ($0.50 * 100 shares)

Total cost =           $1,550

Value of Account on April 1

Proceed =                               $2,050

Less Dividend payment =      $200

Less Total cost of buy back= <u>$1,550</u>

Value of Account =                  <u>$300</u>

<u />

Therefore, the value of your account on April 1 is $300

You might be interested in
You will not hurt your credit rating if you:
timurjin [86]
You will not hurt your credit rating if you pay off bills before they are due, D.
4 0
2 years ago
Timmy can edit 2 pages in one minute and he can type 80 words in one minute. Olivia can edit 1 page in one minute and she can ty
RUDIKE [14]

Answer:

True

Explanation:

A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.

A person has absolute advantage in the production of a good or service If he produces more quantity of the good when compared with other people

To calculate comparative advantage, first find the opportunity cost:

Opportunity cost of timmy editing = 80/2=40 words

Opportunity cost of timmy typing = 2 / 80 = 0.025

Opportunity cost of oliva editing = 100/1= 100

Opportunity cost of oliva typing = 1/100=0.01

Olivia has a comparative advantage in typing while timmy has a comparative advantage in editing.

Olivia types more words than timmy, therefore she has an absolute advantage in typing.

Timmy edits more pages than oliva, Therefore, he has am absolute advantage in editing.

I hope my answer helps you

7 0
3 years ago
What is the most important teaching point for a client after surgery when the client had epidural anesthesia?
Setler79 [48]

Answer:

What is the most important teaching point for a client after surgery when the client had epidural anesthesia?

Total rest

Explanation:

Epidural anaesthesia occurs when there is a bundle of pain a particular part of the body. Epidural gives reliever of pain

3 0
3 years ago
Read 2 more answers
EBook
KonstantinChe [14]

Answer:

Cost Flow Methods

Gross profit and ending inventory on April 30 using:

                                                          Gross Profit     Ending Inventory

(a) first-in, first-out (FIFO)                     $75                   $546

(b) last-in, first-out (LIFO)                       $71                   $542

(c) weighted average cost method     $73                   $544

Explanation:

a) Data and Calculations:

Item Beta   Cost

April 2  Purchase   $270

April 15  Purchase   272

April 20  Purchase 274

Total                      $816

Average cost per unit = $272  ($816/ 3 units)

Assume that one unit is sold on April 27 for $345

Gross profit and ending inventory on April 30 using:

                                                          Gross Profit            Ending Inventory

(a) first-in, first-out (FIFO)                 $75 ($345 - $270)  $546 ($816 - $270)

(b) last-in, first-out (LIFO)                   $71 ($345 - $274)   $542 ($816 - $274)

(c) weighted average cost method $73 ($345 - $272)  $544 ($816 - $272)

Ending inventory = Cost of goods available for sale Minus Cost of goods sold

Gross profit = Sales Minus Cost of goods sold

3 0
3 years ago
Sophie's dorm room was hot since she did not have air conditioning. She decided to buy a new fan.
Aneli [31]

Answer:

The type of consumer behavior this scenario describes is psychological consumer behavior.

7 0
2 years ago
Read 2 more answers
Other questions:
  • The Publix chain of supermarkets has stated, "We will not knowingly disappoint you. If for any reason your purchase does not giv
    6·1 answer
  • The following information is available for Waterway Industries for the year ended December 31, 2022.
    11·1 answer
  • Bank A (Dollars in Millions) Balance Statement Assets Liabilities and Equity Cash $ 850 Deposits $6,475 Securities $1,925 Other
    7·1 answer
  • Patricia is a team leader. When looking at an e-mail from one of her team members, Patricia noticed that the e-mail was sent at
    5·1 answer
  • Which type of educational worker will most likely help students find books outside the classroom to help them write research pap
    11·1 answer
  • On December 21, 2020, Sheridan Company provided you with the following information regarding its equity investments.
    12·1 answer
  • Haberdashery Company has a beginning Work-in-Process Inventory of 25,000 units (40% complete). During the period, 110,000 units
    10·1 answer
  • The managerial task of ______ involves establishing task and authority relationships.
    9·1 answer
  • systems play a key role in helping organizations achieve goals, which are set forth in a(n) statement. Computers can be used by
    12·1 answer
  • Under a typical listing agreement, what duties does the broker and the sales agent owe to the seller
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!