Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 06, 2024

You decide to sell 100 shares of Builtrite short at a current price of $64 a share.Later Builtrite is selling for $58 a share. Using

You decide to sell 100 shares of Builtrite short at a current price of $64 a share.Later Builtrite is selling for $58 a share. Using 60% margin, What is your ROI?

25.9%

17.2%

15.6%

23.4%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Managerial Finance

Authors: Scott Besley, Eugene F. Brigham

14th edition

324422709, 324422702, 978-0324422702

More Books

Students also viewed these Finance questions

Question

★★★★★

a. If the Friendlys in Problem 7 were to use leftover apples to feed livestock, at an estimated cost savings worth $0.08 per apple in revenue, how would this affect the model and solution? b. Instead...

Answered: 1 week ago

Question

★★★★★

Honda Motor Company is considering offering a $1,600 rebate on its minivan, lowering the vehicles price from $29,000 to $27,400. The marketing group estimates that this rebate will increase sales...

Answered: 1 week ago

Question

★★★★★

Did I overlook any information that would be helpful in the future?

Answered: 1 week ago

Question

★★★★★

Go to the books companion website, and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc. (a) What are the primary lines of business of...

Answered: 1 week ago

Question

★★★★★

GGE Enterprises Inc. On November of the current year, Rob Etio invested 530,500.00 of his cash to form a corporation, GGE Enterprises Inc., in exchange for shares of common stock No other common...

Answered: 1 week ago

Question

★★★★★

In previous years. Cox Transport reacquired 3 million treasury shares at $20 per share and, later, 1 million treasury shares at $24 per share. If Cox now sells 3 million treasury shares at $26 per...

Answered: 1 week ago

Question

★★★★★

If you were faced with an imminent catastrophic attack or security event and you have only the time to secure one thing, what would it be and why? What would come in second?

Answered: 1 week ago

Question

★★★★★

Q4. For each of the three Southern Water Corp. Desalination Plants, they produce desalinated water which is then consumed via private, public or residential usage. These costs are then aggregated at...

Answered: 1 week ago

Question

★★★★★

Question 1: Write a select statement to create the inner join of tables sec1310_table1 and sec1310_table2 . The join condition should say that the first three columns of these tables are equal. ...

Answered: 1 week ago

Question

★★★★★

Explain in detail. Question 1 (12 points): If we apply the BFS algorithm on the following graph, which of these visiting sequences are valid: abhfeg, abeghf, ghebfa, bhfaeg. b

Answered: 1 week ago

Question

★★★★★

The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred...

Answered: 1 week ago

Question

★★★★★

Statement of stockholders equity Financial information related to Organic Products Company for the month ended June 3 0 , 2 0 Y 9 , is as follows: Net income for June $ 1 1 1 , 0 0 0 Dividends paid...

Answered: 1 week ago

Question

★★★★★

(APPENDIX 2) HOW ARE NORMAL AND ABNORMAL SPOILAGE LOSSES TREATED IN AN EUP SCHEDULE?LO.1

Answered: 1 week ago

Question

★★★★★

The FIFO method of process costing does not commingle the beginning inventory and current period production activity. determines >- equivalent units of production by adding to the equivalent units...

Answered: 1 week ago

Question

★★★★★

The weighted average method of process costing combines the beginning inventory and current period production activity. determines >- equivalent units of production by adding to the units in...

Answered: 1 week ago

Previous Question Next Question