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Ann [662]
3 years ago
9

andy hastings borrowed 500 shares of stock from a broker. this stock is currently selling for $25 a share ($12500). the commissi

on was $125 . three weeks later the price of the stock was $22.50 a share so he bought the 500 shares. the commission was $115. he returned a stock certificate for 500 shares to the broker. what is the rate of return?
Business
1 answer:
Serhud [2]3 years ago
8 0

Answer:

I don't really know the answer

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The following data is available for Everest Company:
Lady bird [3.3K]

Answer:

a. Current ratio = Total current assets / Total current liabilities = $366 / $226 = 1.62 to 1

b. Average receivable = (Beginning receivables + Ending receivables) / 2 = ($156 + $160) / 2 = $158

Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days

 

c. Average Stockholder's equity =   (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525

Return on stockholder's equity =  Net income / Average stockholder's equity = $112 / $525 = 21.33%  

d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share

Price earnings ratio = Market price per share / Earnings per share = $50 / $2.43 = 20.58 times

e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share

Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%

Workings

Beginning retained earnings $346

Add: Net income                            $112

Less: Ending retained earnings   -<u>$366</u>

Dividends                                        <u>$92</u>

5 0
3 years ago
Suppose that the required reserve ratio is 8.00 %. What is the simple money (deposit) multiplier?
77julia77 [94]

Answer:

12.5

Explanation:

Money multiplier gives the maximum amount money supply can increase to given the reserve ratio

Money multiplier = 1 / r = 1 / 0.08 = 12.5

8 0
3 years ago
The nominal exchange rate is 4 Saudi Arabian riyals, 8 Moroccan dirham, 60 Indian rupees, or .8 euros per U.S. dollar. A fast fo
rosijanka [135]

Answer:

b. Britain (France)

Explanation:

The nominal exchange rate is the rate at which an individual can trade the currency of his country for another country.

According to the numbers given for exchange rates, the real exchange rate between American and foreign goods is lowest with Britain.

6 0
3 years ago
Read 2 more answers
The price of a complementary good changes. __________ Demand shifts Movement along demand Incomes in the economy​ change; the go
ad-work [718]

NOTE: Your question isn't clear, Johnson. Would you mind checking it and writing it in a way you can be better helped?

Meanwhile, I hope these explanation below helps.

Answer and Explanation:

Two goods are said to be complementary goods if an increase in the price of a particular one leads to a commensurate decrease in the demand that buyers placed for the other one.

A good is said to be a normal good if the reason for an increase in demand is due to an increase in the income of the buyers.

A good is said to be an inferior good if there is a decrease in demand even though the buyers have experienced increase in their income.

4 0
3 years ago
The Highfield Company is going through a five-year of fast growth at 20% initially, and then it will grow at a perpetual rate of
slava [35]

Answer:

P0 = $66.6429 rounded off to $66.64

Option c is the correct answer

Explanation:

Using the two stage growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula to calculate the price of the stock today is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  +  [(D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n]

Where,

  • g1 is the initial growth rate
  • g2 is the constant growth rate
  • r is the required rate of return

P0 = 2* (1+0.2) / (1+0.1)  +  2 * (1+0.2)^2 / (1+0.1)^2  +  2 * (1+0.2)^3 / (1+0.1)^3  

+  2 * (1+0.2)^4 / (1+0.1)^4  +  2 * (1+0.2)^5 / (1+0.1)^5  +

[(2 * (1+0.2)^5 * (1+0.04)  /  (0.1 - 0.04)) / (1+0.1)^5]

P0 = $66.6429 rounded off to $66.64

7 0
3 years ago
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