This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Here are some calculations based on the chart data: Step 1: Calculate the original total cost of your UBA shares. The average cost per share is ₦45.75, and you own 50 shares. Original Total Cost = Number of Shares × Average Cost per Share Original Total Cost = 50 shares × ₦45.75/share Original Total Cost = ₦2287.50 Step 2: Calculate the current price per share. Your current equity value is ₦2167.5 for 50 shares. Current Price per Share = EquityNumber of Shares Current Price per Share = (₦2167.5)/(50 shares) Current Price per Share = ₦43.35/share Step 3: Verify the total loss in Naira. The total loss is the original cost minus the current equity. Calculated Total Loss = Original Total Cost - Equity Calculated Total Loss = ₦2287.50 - ₦2167.5 Calculated Total Loss = ₦120.00 This is very close to the stated total loss of ₦119.97, with a minor difference likely due to rounding in the displayed values. Step 4: Verify the total loss percentage. Total Loss Percentage = Calculated Total LossOriginal Total Cost × 100\% Total Loss Percentage = (₦120.00)/(₦2287.50) × 100\% Total Loss Percentage ≈ 0.05245 × 100\% Total Loss Percentage ≈ 5.245\% This matches the stated total loss percentage of 5.24% (rounded). The original total cost of your UBA shares was ₦2287.50, and the current price per share is ₦43.35. That's 2 down. 3 left today — send the next one.