Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 1 you purchased shares of broussard compa

Question 1 You purchased shares of Broussard Company using 50 percent margin; you invested a...

70.2K

Verified Solution

Question

Accounting

image
Question 1 You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20,000 (buying 1,000 shares at a price of $20 per share) by using $10,000 of your own funds and borrowing $10,000. Determine your percentage profit or loss if the stock price rises to $23 a share (ignore borrowing costs, dividends, and taxes). 25% 27% 10% O 30% Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 1 of 2 used

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

16 In the tea ceremony this type of ewer suich is used to replenish the...

Basic Math
Q

You have two job offers that you are considering.Offer 1: You earn a yearly salary...

Basic Math
Q

Jeremy and Leslie are each flying their own drones in a flat field with their...

Basic Math
Q

According to the CDC alcohol impaired drivers are responsible for 32 of all crash deaths...

Statistics
Q

Nick and his cousin Sara have the same birthday but Nick is four years older...

Algebra
Q

helps e-government to deliver individual views and web interface for citizen and deliver better ways...

Accounting
Q

The inventory policy is to have ending inventory equal to 20% of next months sales....

Accounting
Q

Why does Walmart show increases in inventory as subtractions when computing cash flow from operations?

Accounting
Q

Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory...

Accounting
Q

Attempt in Progress Condensed financial data of Concord Inc follow. CONCORD INC. Comparative Balance Sheets...

Accounting
Q

Assume that the president of Elkhead Brewery made the following statement in the Annual Report...

Accounting
Q

21) On May 1, 2021, Gray Company issued a note payable to Fidelity Bank in...

Accounting