User Account

All Pages

How many shares did jonas purchase over the two-year period

Assignment Help Accounting Basics
Reference no: EM131627223

Question: Over the past two years, Jonas Cone has used a dollar-cost averaging formula to purchase $300 worth of FCI common stock each month. The price per share paid each month over the two years is given in the following table. Assume that Jonas paid no brokerage commissions on these transactions.

2458_13.png

a. How much was Jonas's total investment over the two-year period?

b. How many shares did Jonas purchase over the two-year period?

c. Use your findings in parts a and b to calculate Jonas's average cost per share of FCI. d. What was the value of Jonas's holdings in FCI at the end of the second year?

Reference no: EM131627223

Questions Cloud

Calculate the exercise price of call option : You bought a call option with a strike price of $25 on Fox stocks that are currently selling at $35 a share. The call option is trading at $4.50.
Discusses the organisation current marketing strategies : Discusses the chosen organisation's current marketing strategies. TOPIC is: Destination Gold Coast (domestic tourism services only)
How accurate is the australian measure of unemployment : Explain why some people 'lose' from inflation and why do some people 'win' from inflation? How accurate is the Australian measure of unemployment?
Explain the likelihood of lewis recovering from each entity : Explain the likelihood of Lewis recovering from each entity/person. Make sure to include all defenses that could be raised
How many shares did jonas purchase over the two-year period : Over the past two years, Jonas Cone has used a dollar-cost averaging formula to purchase $300 worth of FCI common stock each month.
Perform the functions in a spreadsheet : Please assist with the 4 questions in the attachment. Request work be shown in excel to also see how to perform the functions in a spreadsheet.
Describe the accounting treatment for the issuance of stock : Describe the accounting treatment for the issuance of stock.
Changes to production process were implemented : Changes to production process were implemented-batteries produced now last on average 35.8 hours before requiring recharge with standard deviation of 0.1 hours
Long-term capital gain treatment : There are three main 'obstacles' that serve to limit a taxpayer's ability to have long-term capital gain treatment apply to the sale of business assets..

Reviews

Write a Review

Accounting Basics Questions & Answers

  A comparison of the statement with the cash account

On May 31, 2014, Reber Company had a cash balance per books of $7,196.50. The bank statement from New York State Bank on that date showed a balance of $6,819.60. A comparison of the statement with the cash account revealed the following facts.

  Discuss consolidations for the given question

Cain Corp. acquired all of the outstanding $10 par value voting common stock of Frey, Inc. on January 1, 2013 in exchange for 25,000 shares of its $10.

  How much higher or lower will company net operating income

If Barrus decides to continue making the motor, how much higher or lower will the company's net operating income

  What are the capital balances for messalina, romulus

The capital balance for Messalina is $ 210,000 and for Romulus is $ 140,000. These two partners share profits and losses 60 percent (Messalina) and 40 percent (Romulus).

  Define paid-in capital and earned capital explain the

prepare a one to two page 700-1000 words summary to the following questionsexplain the differences between common and

  Determine the gross matgin for pacific states manufacturing

determine the gross matgin for pacific states. manufacturing for the year just ended all amounts in thousandth 000 of

  Bravo baking co is considering replacing an older freezer

bravo baking co is considering replacing an older freezer with a larger unit to freeze some of its bread.the new unit

  The direct materials price variance

The direct materials price variance is (Do not round intermediate calculations):$1,120 favorable.$600 favorable.$600 unfavorable.$1,120 unfavorable.$520 favorable.

  Overhead costs at year-end problem

Should any of the overhead costs at year-end be added to Job W? If so, how much? Explain.

  What is an example of a significant accounting estimate

what is an example of a significant accounting estimate? what is the importance of these estimates? how do ethics play

  Bakers bagels llc produces and sells 20 types of bagels by

bakers bagels llc produces and sells 20 types of bagels by the dozen. bagels are priced at 6.00 per dozen or 0.50 each

  Choose a company from securities and exchange commission

choose a company from the securities and exchange commission sec edgar web site for your key assignment to evaluate for

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