subject
Business, 24.04.2020 17:32 andrewmena05

On May 27, Let Loose Inc. reacquired 5,700 shares of its common stock at $19 per share. On August 3, Let Loose sold 3,200 of the reacquired shares at $22 per share. November 14, Let Loose sold the remaining shares at $18 per share. Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 08:00
Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)
Answers: 1
question
Business, 22.06.2019 23:00
Which of the following is true of website content? it should be refreshed periodically to keep customers coming back. once the content has been written and proofread it shouldn't be changed. grammatical errors are not a problem because the customer visits the site to purchase a product, not check the site's grammar. it should be limited to text and shouldn't include multimedia.
Answers: 1
question
Business, 23.06.2019 00:00
In this multi-channel funnel report, which two channels have the highest overlap and would benefit from coordinated marketing messaging?
Answers: 2
question
Business, 23.06.2019 03:10
What two categories do strategic choices fall within? a. generic business strategies and cost leadership strategies b. business-level strategies and corporate-level strategies c. cost leadership strategies and corporate-level strategies d. diversification strategies and leadership strategies e. pricing strategies and cost-leadership strategies
Answers: 1
You know the right answer?
On May 27, Let Loose Inc. reacquired 5,700 shares of its common stock at $19 per share. On August 3,...
Questions
question
Mathematics, 12.04.2021 16:10
question
Mathematics, 12.04.2021 16:10
question
Mathematics, 12.04.2021 16:10
question
Mathematics, 12.04.2021 16:10
question
English, 12.04.2021 16:10
Questions on the website: 13722367