All categories

3 years ago

Greg purchased stock in Bear Stearns and Co. at a price of $88 per share one year ago. The

Business

1 answer:

VashaNatasha [74]3 years ago

7 0

Answer:

A) -87.50%

Explanation:

The computation of the return on the investment is shown below:

= (Acquired price by JB Morgon - purchase price per share) ÷ (purchase price per share)

= ($11 per share - $88 per share) ÷ (88 per share)

= - ($77 per share) ÷ (88 per share)

= -87.50%

We simply take the difference of the price and then divide it with the purchase price per share so that the correct percentage can come.

You might be interested in

Financial accounting provides a historical perspective, whereas management accounting emphasizes ________.

Lady_Fox [76]

Financial accounting provides a historical perspective, whereas management accounting emphasizes (A) the current perspective.

<h3>What is management accounting?</h3>

Management accounting can be defined as the provision of financial and non-financial decision-making information to managers.
In other words, management accounting aids directors in making decisions within an organization.
This is also referred to as cost accounting.
This is the method for distinguishing, examining, deciphering, and communicating data to managers in order to help them achieve business objectives.
The information gathered includes all accounting fields that educate the administration on business tasks associated with the organization's financial expenses and decisions.
Accountants use plans to assess the overall strategy of an organization's operations.
Management accounting focuses on the present.

Therefore, financial accounting provides a historical perspective, whereas management accounting emphasizes (A) the current perspective.

Know more about management accounting here:

brainly.com/question/14727215

#SPJ4

4 0

2 years ago

ABC company uses the equity method to account for its 40% interestt in voting stock of XYZ company. ABC paid $5,000,000 for inve

frutty [35]

Answer:

the end of year book value would be $5,160,000.

Explanation:

given data

equity method to account = 40%

ABC paid investment = $5,000,000

total book value = $6,000,000

solution

when there are more than 20% stake in other company

than we apply equity method

so here we use

Amount of investment = $5,000,000

Share in net incom (600,000 x 40%) = $240,000

Share in the dividend (200,000 x 40%) = -$80,000

Book value at the end of the year = $5,160,000

So the end of year book value would be $5,160,000.

3 0

3 years ago

On November 1, 2020, ABC, Inc., received a 3-month, $1,500 note receivable with the 8% annual interest and principal to be colle

LiRa [457]

The amount of interest revenue that should be recorded for the year ended December 31, 2020 is $20 .

<h3>Interest revenue </h3>

Interest revenue represents how much interest a company earned during a specific time period. This is interest earnings on any investments the business has or debts it has provided to an individual or other entity.

Learn more about interest revenue here :

brainly.com/question/19165765

#SPJ4

7 0

2 years ago

An economist studying the market for wild Alaskan salmon determines the price elasticity of supply to be 0.43. a. In this case,

Marina86 [1]

Answer:

A. Inelastic

B. a less than 10% increase in quantity supplied

Explanation:

A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.

A supply is inelastic if the price elascitiy is less than 1.

4 0

4 years ago

Read 2 more answers

Cully Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100

KATRIN_1 [288]

Answer:

$45,000

Explanation:

Cully's storage constraint is: 100B + 90M ≤ 18000

If Cully were to buy only big shelves, it could buy 180 of them (= 18,000 / 100)

If they were to buy only medium shelves, it could buy 200 (= 18,000 / 90)

Cully's money restraint is: 500B + 300M ≤ 75,000

If Cully were to buy only big shelves, it could buy 150 of them (= 75,000 / 500)

If they were to buy only medium shelves, it could buy 250 (= 75,000 / 300)

So Cully's order must be within 150 big shelves and 200 medium shelves.

If Cully purchases and sells 150 big shelves, it will earn $45,000 in profit.

If Cully purchases and sells 200 medium shelves, it will earn $30,000 in profit.

Since the profit for big shelves is $500, Cully should try to sell as many of them as possible. The maximum amount that they can buy is 150, which will result in a $45,000 profit.

8 0

3 years ago