Over a four-year period, Pat purchased shares in the Barreau du Quebec Canadian Equity Fundas recorded in the table below. Using the information below, provide your solution to thefollowing questions.Year2018201920202021InvestmentAmount$8, 100$8, 100$8,100$8, 100Price per Share$58 per share$43 per share$34 per share$50 per sharea. At the end of four years, what is the total amount invested? (Omit the "$" sign in yourresponse.)Total amount investedb. At the end of four years, what is the total number of mutual fund shares purchased? (RoundDOWN your intermediate calculations and final answer to the nearest whole share.)Total number of mutual fund sharesC. At the end of four years, what is the average cost for each mutual fund share? (Round DOWNyour intermediate calculations to the nearest whole share. Round your final answer to 2decimal places. Omit the "$" sign in your response.)Average cost of each mutual fund share

Total amount invested means the amount invested as a whole in securities. It is the sum of the…

Answered: Over a four-year period, Pat purchased…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter4: Preparing And Using Financial Statements

Section: Chapter Questions

Problem 1EP

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Contributed Capital Adams Companys records provide the following information on December 31, 2019: Additional information: 1. Common stock has a 5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a 100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at 120 per share. The stock pays an 8% dividend, is cumulative, and is callable at 130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance sheet for Adams. Include appropriate parenthetical notes.
over a four-year period, matt purchased shares in the barreau du quebec canadian equity fund. using the following information, answer the following questions. year investment amount price per share 2004 $3,000 $40 per share 2005 $3,000 $50 per share 2006 $3,000 $60 per share 2007 $3,000 $45 per share a at the end of four years, what is the total amount invested? what is the total number of mutual fund shares, and the aqverage cost of each mutual fund shares?
Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark Investor Class Fund. Using dollar cost averaging, calculate the number of shares before completing this problem. (Round your answers to the nearest whole number.) Year Investment Amount Price per Share Number of SharesFebruary 2017 $1,400 $53.00 February 2018 $1,400 $ 34.00 February 2019 $1,400 $47.40 February 2020 $1,400 $55.00 a. At the end of four years, what is the total amount invested? b. At the end of four years, what is the total number of shares purchased? (Round your intermediate calculations and final answer to the nearest whole number.) c. At the end of four years, what is the average cost for each share? (Round
b. Mr. Ahmed recently purchased 100 shares of Green Isle mutual fund at a net asset value of $39 per share. During the year MrAhmed received dividend income distributions of $2.00per share and capital gains distributions of $4.00per share. At the end of the year the mutual fund had 13,000,000 shares outstanding, assets of $550,000,000 and liabilities of $30,000,000. What was Ahmed's rate of return on this investment? Please solve with working
During the year, the following selected transactions affecting stockholders' equity occurred for Navajo Corporation: a. Feb. 1 Repurchased 100 shares of the company's own common stock at $20 cash per share. b. Jul. 15 Sold 60 of the shares purchased on February 1 for $21 cash per share. c. Sept. 1 Sold 30 of the shares purchased on February 1 for $19 cash per share. Prepare the journal entry required for each of the above transactions.
A client had the following investment transactions in 20X0: On March 20, purchased 1,000 shares of XYZ Co. ordinary shares at P80.50 plus broker’s fee of P500. On June 01, received a 50 percent stock dividend. Received stock rights permitting the purchase of one share at P60 for every four shares owned on September 1. On this date, the rights had a market price of P3 each, and the market price of the stock ex-right was P72 per share. On Nov. 10, exercised 1,000 rights from the stock purchased March 20, and sold the remaining rights at P4 each and on December 28, sold 400 shares from the stock purchased March 20, at P75, less broker’s fee of P1,000. After receipt of stock dividends, what is the new cost of investment per share? Stock rights are accounted for separately and use the average method.
A client had the following investment transactions in 20X0: On March 20, purchased 1,000 shares of XYZ Co. ordinary shares at P80.50 plus broker’s fee of P500. On June 01, received a 50 percent stock dividend. Received stock rights permitting the purchase of one share at P60 for every four shares owned on September 1. On this date, the rights had a market price of P3 each, and the market price of the stock ex-right was P72 per share. On Nov. 10, exercised 1,000 rights from the stock purchased March 20, and sold the remaining rights at P4 each and on December 28, sold 400 shares from the stock purchased March 20, at P75, less broker’s fee of P1,000. After September 1 receipt of stock rights, what is the remaining cost of the investment? After the exercise and sale of stock rights, what is the remaining balance of investment? Stock rights are accounted for separately and use the average method.
A client had the following investment transactions in 20X0: On March 20, purchased 1,000 shares of XYZ Co. ordinary shares at P80.50 plus broker’s fee of P500. On June 01, received a 50 percent stock dividend. Received stock rights permitting the purchase of one share at P60 for every four shares owned on September 1. On this date, the rights had a market price of P3 each, and the market price of the stock ex-right was P72 per share. On Nov. 10, exercised 1,000 rights from the stock purchased March 20, and sold the remaining rights at P4 each and on December 28, sold 400 shares from the stock purchased March 20, at P75, less broker’s fee of P1,000. After September 1 receipt of stock rights, what is the remaining cost of the investment? Stock rights are accounted separately and use average method.
During 2018. Roberto sold 830 shares of Casual Investor Mutual fund for $8.875 per shares. The shares were purchased on the following dates Date Shares PriceMay 31, 2014 400 $9,375September 18, 2015 225 $8,500October 21, 2015 425 $10,000January 12, 2017 276 $7,125 Calculate the gain (loss) on the under the following assumption (carry your calculation to three places): a. Basis is calculated using the first-in, first-out method. b. Basis is calculated using the average cost method (assume all shares are long-term).
An investor bought 1,000 shares of ABC company at $15 per share. One year later, the investor sold the shares for $20. The investor earned dividends of $1000 over the one-year holding period. The investor also spent a total of $250 on trading commissions in order to buy and sell the shares. Calculate the HPR of the investment.
Tom had 300 shares of the XYZ Fund on January 1. The shares had a value of GHS23. During the year, he received GHS150 in dividends and GHS450 in capital gains distributions. He used the funds to purchase shares at an average price of GHS25 per share. By the end of the year, the shares were all up to GHS27. What is the percentage of his total return?
12. During 2020, Alice Ward purchased 50 shares of common stock issued by Red Hot Food Processing for $12,800 including commission. Later in the same year, Alice sold the shares for $13,100 after commission. Calculate the following. (Round all answers to two decimal places.) 1. Profit on this stock transaction: $ 2. Percentage return on investment: %

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