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Calculate the total loss in Naira and percentage based on the provided UBA share data.

Accounting

ScanSolve AI Answer

Step-by-step solution

4 steps

Here are some calculations based on the chart data:

  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\text{Original Total Cost} = \text{Number of Shares} \times \text{Average Cost per Share} Original Total Cost=50 shares×₦45.75/share\text{Original Total Cost} = 50 \text{ shares} \times ₦45.75/\text{share} Original Total Cost=₦2287.50\text{Original Total Cost} = ₦2287.50
  2. Calculate the current price per share.

    Your current equity value is ₦2167.5 for 50 shares.

    Current Price per Share=EquityNumber of Shares\text{Current Price per Share} = \frac{\text{Equity}}{\text{Number of Shares}} Current Price per Share=₦2167.550 shares\text{Current Price per Share} = \frac{₦2167.5}{50 \text{ shares}} Current Price per Share=₦43.35/share\text{Current Price per Share} = ₦43.35/\text{share}
  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\text{Calculated Total Loss} = \text{Original Total Cost} - \text{Equity} Calculated Total Loss=₦2287.50−₦2167.5\text{Calculated Total Loss} = ₦2287.50 - ₦2167.5 Calculated Total Loss=₦120.00\text{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.

  4. Verify the total loss percentage.

    Total Loss Percentage=Calculated Total LossOriginal Total Cost×100%\text{Total Loss Percentage} = \frac{\text{Calculated Total Loss}}{\text{Original Total Cost}} \times 100\% Total Loss Percentage=₦120.00₦2287.50×100%\text{Total Loss Percentage} = \frac{₦120.00}{₦2287.50} \times 100\% Total Loss Percentage≈0.05245×100%\text{Total Loss Percentage} \approx 0.05245 \times 100\% Total Loss Percentage≈5.245%\text{Total Loss Percentage} \approx 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.

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