User Account

All Pages

How much did Johnny make from this transaction

Assignment Help Accounting Basics
Reference no: EM132589357

Question - Johnny buys 100 shares of ABC stock for $70 per shares on 2/1/2008. He then borrows 100 shares of ABC stock from his broker and sells the stock for $90 per share on 3/1/2008. On 3/18/2008, Johnny buys 100 shares of ABC stock at $75 per share. He pays $7,500 for the stock and returns the stock to the broker. The short sale is closed.

How much did Johnny make from this transaction and when does the holding period of the original shares of ABC stock begin to run?

a. $1,500, 3/18/08

b. $1,500, 3/1/08

c. $500, 3/18/08

d. $1,500, 2/1/08

Reference no: EM132589357

Questions Cloud

Explain the selection of your business model : Explain the selection of your business model. Explain what people will be your key contacts as you research your industry and market and why.
Record journal entries under the assumptions was retired : Express company has a delivery truck that cost Birr 48,000 and has depreciated Birr 20,000 Record journal Entries under the assumptions was retired as no value
What is amount and character that taxpayer must recognize : Taxpayer sells short 100 shares of BIG Corp on February 1, 20x1 for $10/share. What is amount and character that taxpayer must recognize
Hierarchy and network structures of organizations : Define Kotter's eight accelerators of change. Describe the hierarchy and network structures of organizations.
How much did Johnny make from this transaction : How much did Johnny make from this transaction and when does the holding period of the original shares of ABC stock begin to run
Why important when monitoring budgets to make balance-day : Why it is important when monitoring budgets to make balance-day adjustments at the close of an accounting period, before preparing financial statements.
Find the materials price variance : Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, Find the materials price variance
Prepare schedule showing the allocation of total cost : Assuming that P Company paid birr 500,000 for all assets acquired, help me to prepare schedule showing the allocation of total cost among the asset acquired
Compare the universal model of leadership : Essay to compare the Universal Model of Leadership in Mastering Leadership to one other leadership model.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd