Jimmy purchases 190 shares of ETS Inc. common stock at P4,700 per share. A few months...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Jimmy purchases 190 shares of ETS Inc. common stock at P4,700 per share. A few months later, he sold the shares at P5,200. His stockbroker charges 6% commission on round lots and 7% on odd lots. Compute (a) the total cost, (b) the proceeds, and (c) the gain or loss on the transaction. A mutual fund has P10 billion worth of stocks, P500 million worth of bonds, and P1.3 billion in cash. The fund's total liabilities amount to P200 million. There are P1 billion shares outstanding. Marlon invested P25,000 in this fund. Calculate the net asset value of a mutual fund and find the number of shares will he purchase? Jimmy purchases 190 shares of ETS Inc. common stock at P4,700 per share. A few months later, he sold the shares at P5,200. His stockbroker charges 6% commission on round lots and 7% on odd lots. Compute (a) the total cost, (b) the proceeds, and (c) the gain or loss on the transaction. A mutual fund has P10 billion worth of stocks, P500 million worth of bonds, and P1.3 billion in cash. The fund's total liabilities amount to P200 million. There are P1 billion shares outstanding. Marlon invested P25,000 in this fund. Calculate the net asset value of a mutual fund and find the number of shares will he purchase?
Expert Answer:
Answer rating: 100% (QA)
answer 1 atotal cost no of shares x price per share at buying 7 x no of shares ... View the full answer
Related Book For
Introduction to Data Mining
ISBN: 978-0321321367
1st edition
Authors: Pang-Ning Tan, Michael Steinbach, Vipin Kumar
Posted Date:
Students also viewed these accounting questions
-
Calculate the net asset value (NAV) for a mutual fund with the following values: Market value of securities held in the portfolio = $1.2 billion Liabilities of the fund= $37 million Shares...
-
An electric dipole, consisting of two opposite charges of magnitude 2 10 Ceach separated by a distance 3 cm is placed in an electric field of magnitude 2 10 N/C along the direction making 90 with...
-
A mutual fund plans to purchase $ 10 million of 20-year T-bonds in two months. The bonds are yielding 7.68 percent. These bonds have a duration of 11 years. The mutual fund is concerned about...
-
Write a program, in Java, to convert from binary to decimal andfrom from binary to hexadecimal. Please use instance variables,preferably strings. The program must do the conversion withoutusing any...
-
List and describe the main tasks that are performed during systems implementation.
-
Suppose that the miles-per-gallon (mpg) rating of passenger cars is a normally distributed random variable with a mean and a standard deviation of 33.8 mpg and 3.5 mpg, respectively. a. What is the...
-
In 1989, PepsiCo Inc. acquired three international franchise-food operationsPizza Hut, Taco Bell, and Kentucky Fried Chicken. PepsiCo paid an aggregate of \($3.4\) billion for the three businesses,...
-
An alphabetical list presenting the accounts and balances for Kens Cleaners on June 30, 2014, follows. All the accounts have normal balances. Accounts Payable .............. $ 30,840 Accounts...
-
What are two concepts that Life Cycle Management emphasizes? (Select Two) 1. Cost savings 2. Reciprocity 3. Reliability 4. Reduced logistics footprints
-
The bank portion of the bank reconciliation for Carlin Company at November 30, 2012, is shown here and on the next page. The adjusted cash balance per bank agreed with the cash balance per books at...
-
Find the mean deviation about median. Given: Data 340, 150, 210, 240, 300, 310, 320
-
How do emergent properties and self-organization phenomena manifest within complex biological systems, and what are the implications of these organizational principles for understanding organismal...
-
On June 3 0 , 2 0 2 5 , Michael Jones Company issued $ 3 , 4 9 3 , 0 0 0 . 0 0 face value of 1 4 % , 2 0 - year bonds at $ 4 , 0 1 8 , 5 6 0 . 0 0 , a yield of 1 2 % . Jones uses the effective -...
-
a (1) Find a max flow in the network we looked at in class, but start with the all-0 flow. (2) (a) Solve the problem of finding a largest matching in the graph G below by formulating the matching...
-
A $2,000,000 property with a $210,000 projected netincome can be financed with an 8% interest loan, payablemonthly and amortized over 25 years. Calculate the DCR (Debt Coverage Ratio for each...
-
explain how phenotypic plasticity interacts with genetic assimilation and genetic accommodation processes to facilitate phenotypic evolution in response to environmental change, including the...
-
What is meant by a biome ? What is Wallaces line ?
-
How has the too-big-to-fail policy been limited in the FDICIA legislation? How might limiting the too-big-to-fail policy help reduce the risk of a future banking crisis?
-
Discuss the advantages and disadvantages of using sampling to reduce the number of data objects that need to be displayed. Would simple random sampling (without replacement) be a good approach to...
-
For each of the following questions, provide an example of an association rule from the market basket domain that satisfies the following conditions. Also, describe whether such rules are...
-
Consider the one-dimensional data set shown in Table 5.4. (a) Classify the data point x = 5.0 according to its 1-, 3-, 5-, and 9-nearest neighbors (using majority vote). (b) Repeat the previous...
-
On January 1, 2015, Drummond Oil and Gas Company was about to embark on a 50-well exploration program in Texas and Louisiana. The CEO estimated that the average cost to drill a well would run...
-
Equipment costing \($29,000\), with a scrap value of \($5,000\) was purchased on January 1, by Global Communications, Inc. The estimated useful life of the equipment was four years and it was...
-
Dean Foods Company, a food and beverage company headquartered in Dallas, Texas, is one of the nations largest processors and direct-to-store distributors of fluid milk. Consistent with U.S. GAAP,...
Study smarter with the SolutionInn App