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
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

You might be interested in
RISRS and Rewards of Information Systems: Mastery Test
jeka57 [31]

Answer:

A. giving proper training

Explanation:

A common issue in IT and change management is that employees create a barrier to change (implementing a new information system). Of course, everyone prefers to stay in their comfort zone, but most of the times it is essential to adopt changes effectively. so that the whole organization can progress.

Giving proper training is the answer, as their lack of confidence mainly originates from their own lack of confidence regarding the software know-how. When their self-esteem regarding the IS raises, they stop seeing it as a threat to their comfort zone and start seeing it as a tool that aids their work, the user confidence will increase.

Other answers are related to technical things that do not improve user confidence.

7 0
3 years ago
Read 2 more answers
Brad and Kate received $9,500 for rent from Mike and Janet, who are renting their home in Santa Ana, California. Brad and Kate d
kakasveta [241]

Answer:

c. $8,000

Explanation:

The security deposit is usually refundable and NOT part of the rental income and, therefore, it should be deducted from the total amount received when reporting rental income for the tax year.

Thus, Brad and Kate should report $8,000 as rental income in the current tax year.

7 0
3 years ago
The employees of Lucid Laboratories are paid every two weeks on Friday for a Monday though Friday work week. Total payroll is $
insens350 [35]

Answer:

                                                    Debit                             Credit

Wages expenses                    $17,500

Wages receivable                      $7,500

Wages payable                                                             $25,000

Explanation: The end of the current month falls on the second Tuesday of the pay period means, on the 7th day, the end of the month was Tuesday instead of the expected 10th workday and a Friday. In this instance, it means the employees of Lucid Laboratories had only worked for 7 days, then a wages expense of 7/10 days x $25,000 ($17,500) would be recorded with the balance being a wage receivable (since the employees are expected to work for the remaining work days in the next month). The total amount would then be recorded as a payable.

Next month, when it is a first Friday and is time to make payment, the company will record the following entries:

                                                  Debit                             Credit

Wages payable                      $25,000

Cash                                                                              $25,000

Wages expense                       $7,500

Wages receivable                                                           $7,500

5 0
3 years ago
For this assignment, respond to each of the questions presented in that lecture. You do not need to submit a completed outcomes
katrin [286]

In the above case, a skill acquisition will be the aim of the program.

<h3>What organizational goal is driving this skill acquisition training?</h3>

The purpose of skill acquisition is so that student can be able to learn one or more trade so that they can earn a living after school

<h3> What will the benefit be?</h3>

The benefit of acquiring a skill  is that one will be equipped with a lot of good resources and also the skill of  financial management, one will have improved strategic planning and others.

What competencies will skill acquisition need?

It just need your presence, one's talents and expertise that has been obtained via education or or life experience.

<h3>What is the skill gap? </h3>
  • Critical thinking/problem solving
  • Paying Attention to detail.
  • Leadership.
  • Teamwork.

<h3> What evaluation will be used to measure the level of goal achievement? </h3>

Output based on work done, practical work and result.

Who will be trained - student.

The estimated class size- 50 - 100

How many classes will there be and how long will this training last - 20 class and it will last 2 month.

knowledge and skill prerequisites -Ability to read and understand and also just come and you will be taught.

The type of program that is being proposed - skill and handwork training.

What media, if any will be used in the training - visual, media and communication tools will be used·

What will happen if we do not deliver the training - giving of certificates and graduation.

What are the restrictions or limitations for delivering a program - financial restriction.

What other methods may be used to reach the goal - use of the mass media for dissemination of information concerning the program. Its advantage is that it will benefit all and the disadvantage is financial constrain.

Learn more about skill acquisition from

brainly.com/question/27961165

#SPJ1

5 0
2 years ago
Shannon Corp. uses the aging method to account for bad debt expense. Shannon determines that a customer account of $10,000 shoul
lozanna [386]

Answer:

The write off of the account should include a debit to the allowance for uncollectible accounts, and a credit for bad debt expense:

Account                                             Debit              Credit

Bad Debt Expense                                                  $10,000

Allowance for Uncollectible

Accounts                                          $10,000

This is because under the aging method, when an account is actually written-off, it must be charged against the bad debt expense that was forecasted or anticipated earlier.

6 0
3 years ago
Other questions:
  • On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $42,000 and
    14·2 answers
  • What does a hanging indent look like? ​
    14·2 answers
  • We would expect the total utility of diamonds to be __________ than the total utility of water and the marginal utility of diamo
    5·1 answer
  • A listing given to any number of brokers without liability to compensate any broker, except the one who first secures a buyer re
    7·1 answer
  • The Town of Valley View is located in Simpson County. The county property tax levy for 2017 is $1.5 million of which $1.3 millio
    8·1 answer
  • How would you address issues of equality
    15·1 answer
  • River corp's total assets at the end of last year were $480,000 and its net income was $32,750. what was its return on total ass
    6·1 answer
  • The Pastel Paint Company recently loaned $300,000 to KIX 96, a local radio station. The radio station signed a noninterest-beari
    5·1 answer
  • A company that deals in breakfast cereals advertises that its products contain all the essential nutrients necessary for the pro
    8·1 answer
  • Which one of the following statements would generally be considered as accurate given independent projects with conventional cas
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!