8. On January 2 the prices at 4:00 p.m. are as follows: Stock Shares Owned Price 1 1,000 $ 2.03 2 5,000 $ 51.37 3 2,800 $ 29.08 4 10,000 $ 67.19 5 3,000 $ 4.42 Cashn.a. $ 2,408 Calculate the net asset value (NAV) for the fund.

Formula for NAV: NAV=Market value of investments+Receivables+Accrued Income+Other Assets- Accrued…

Answered: 8. On January 2 the prices at 4:00 p.m.…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question 3.) A corporation issues 2,500 shares of common stock for P45,000. The stock has stated value of P10 per share. The journal entry to record the stock issuance would include a credit to Additional Paid in Capital of? A. P45,000 B. P25.000 C. P20,000 D. P5,000
What amount should be reported as basic earnings per share?a. 11.45b. 11.88c. 10.33d. 10.80 What amount should be reported as diluted earnings per share?a. 8.30b. 8.44c. 8.34d. 8.49
How would I Debit and Credit each of these? Jan. 3 Issued 15,000 shares of $20 par common stock at $30, receiving cash. Feb. 15 Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. May 1 Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. 16 Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held and 20,000 shares of preferred stock were outstanding. Journalize this transaction as two separate entries. 26 Paid the cash dividends declared on May 16. Jun. 1 Purchased 7,500 shares of Solstice Corp. at $40 per share plus a $150 brokerage commission. The investment is classified as an available-for-sale investment. 8 Purchased 8,000 shares of treasury common stock at $33 per share. 22 Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for $24 per…
Required: 1. How many common shares are outstanding on each cash dividend date? January 5 April 5 July 5 October 5 Outstanding common shares
PROVIDE COMPUTATION
A stock market comprises 2300 shares of stock A and 2300 shares of stock B. The share prices for stocks A and B are $20 and $10, respectively. What proportion of the market portfolio is comprised of each stock? A. Stock A is 66.7% and Stock B is 33.3% B. Stock A is $46,000 and Stock B is $23,000 C. Stock A is 200% and Stock B is 100% O D. Stock A is 33.3% and Stock B is 66.7%
oo.17. Subject :- Account
Calculate the net asset value and dollars and the number of shares purchased for the mutual fund. Round shares to thousands three decimal places?
4. How much is the TOTAL RESERVES?
PROVIDE COMPUTATION
Please give me the journal entries of the following: Received payments in full for half of the share subscriptions and payments on account on the rest of the subscriptions. Total cash received was P8,400,000. Share certificates were issued for the subscriptions paid in full. Net income for the first year of operations was P3,600,000. Declared a cash dividend of P10 per share on preference shares and P20 per share on ordinary shares, payable on February 10 to shareholders of record on January 15.
Pina Colada Inc. issues 4,650 shares of $100 par value preferred stock for cash at $145 per share.Journalize the issuance of the preferred stock. what is the title or explanation? what is debit or credit ?

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8. On January 2 the prices at 4:00 p.m. are as follows:

Stock	Shares Owned	Price
1	1,000	$ 2.03
2	5,000	$ 51.37
3	2,800	$ 29.08
4	10,000	$ 67.19
5	3,000	$ 4.42
Cash	n.a.	$ 2,408

Calculate the net asset value (NAV) for the fund.

8. On January 2 the prices at 4:00 p.m. are as follows: Stock Shares Owned Price 1 1,000 $ 2.03 2 5,000 $ 51.37 3 2,800 $ 29.08 4 10,000 $ 67.19 5 3,000 $ 4.42 Cash n.a. $ 2,408 Calculate the net asset value (NAV) for the fund.