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Vaselesa [24]
3 years ago
10

You invested $5000 of your own money and borrowed $5000 from your broker to purchase shares of a company trading at a share pric

e of $2. You paid 10% interest on your borrowed money for one year. You sold the stock one year later for $1.40. How much money in total did you lose on this transaction including the interest you paid?
Business
1 answer:
sergiy2304 [10]3 years ago
7 0

Answer:

lose $2.000

Explanation:

with the 5000 you bought 2500 shares (5000/2)

Then the moment you decide to sell them your price drops.

2500 shares for $ 1.40 = $ 3500

which means a loss of = $ 1500

also, interest on the loan must be paid

$ 5000 10% = $ 500

Total loss of operations = 1500 + 500 = $ 2,000

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A government began 2013 with a budget deficit and a trade deficit. During the year, the government changed its policy and is now
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Answer:

the exchange rate and the trade deficit to decrease.

Explanation:

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Generally, deficit in financial accounting is usually as a result of expense exceeding revenue or revenue falling below expenses at a specific period of time.

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3 years ago
Oak Interiors is owned and operated by Fred Biggs, an interior decorator. In the ledger of Oak Interiors, the first digit of the
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Answer:

Oak Interiors

Matching each account number with its most likely account in the list:

12 - Cash

13 - Accounts Receivable

17 - Land

21 - Accounts Payable

31 - Fred Biggs, Capital

32 - Fred Biggs, Drawing

41 - Fees Earned

51 - Supplies Expense

52 - Wages Expense

53 - Miscellaneous Expense

Explanation:

a) Data and Classifications:

Digits and Accounts:

1—assets

12 - Cash

13 - Accounts Receivable

17 - Land

2—liabilities

21 - Accounts Payable

3—owner’s equity

31 - Fred Biggs, Capital

32 - Fred Biggs, Drawing

4—revenues

41 - Fees Earned

5—expenses

51 - Supplies Expense

52 - Wages Expense

53 - Miscellaneous Expense

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Explanation:

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