Record the listed transactions of Nikea Inc. for the first quarter (January to March) in a journal. 01-02-2015 issued capital stock: $20,000

01-30-2015 paid the monthly rent: $5,000

02-02-2015 purchased supplies on account: $1,500

02-10-2015 paid a creditor on account: $1,000

03-03-2015 earned sales commissions: $25,000

03-30-2015 paid automobile expenses for the month: $4,500

03-30-2015 paid office salaries: $8,000

03-31-2015 determined the cost of supplies used: $1,500

03-31-2015 paid cash dividends: $1,500

Achecklists should be based on past

Select the word from the list that best fits the definition sometimes

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.)