Ask question

Ask question

All categories

2 years ago

4

Amy purchased 100 shares of Monsanto Company for $66.10 per share. Today the stock is selling for $80.45. Assuming a charge of $

7.00 to buy and sell, how much did Amy earn if she sold her shares today?

1 answer:

tigry1 [53]2 years ago

7 0

$80.45 - 66.10 = $14.35 x 100 = $1435.00

$1435.00 - $7 sales charge = $1428 in earnings.

You might be interested in

Paul Davis wants to deposit a lump sum of money today for a vacation that he plans to take to Asia after he graduates from Gradu

Yuri [45]

Options:A) Present value of a single amount

B) Future value of a single amount

C) Simple interest

D) Present value of an annuity

E) Future value of an annuity

Answer:B) Future value of a single amount.

Explanation: Future value of a single amount is an accounting concept used to describe how much a single lump sum of money deposited in a bank account would have grown up to after a given period of time. Future value of a single amount can be obtained by

multiplying the principal(P)*the interest rate(I) * time(t) The interest rate is expressed as a decimal.

The FV = P(1 + rt).

Future value of a single amount is usually used in calculating the total accrued amount of fixed deposits accounts,it is a single period investment.

4 0

2 years ago

EZ Rental Car offers rental cars in an off-airport location near a major tourist destination in Florida Management would like to

trapecia [35]

Answer:

I used an excel spreadsheet to calculate this:

the least squares regression line:

y = a + bx

y = $2,937 + 3.96x

where y = total cash wash costs and x = rental returns

fixed costs = $2,937 per month

variable cost = $3.96 per car washed

8 0

2 years ago

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni

PtichkaEL [24]

Answer: 14.9%

Explanation:

18300/12770x100%

8 0

2 years ago

Thomas Textiles Corporation began November with a budget for 60,000 hours of production in the Weaving Department. The departmen

netineya [11]

Answer:

a) $12,500 unfavorable

b) 0

Explanation:

variable factory overhead controllable variance = actual variable overhead expense - (standard variable overhead per unit x standard number of units)

actual variable overhead expense = $725,000

standard variable overhead per unit = $712,500 / 60,000 = $11.875

standard number of units = 60,000

variable factory overhead controllable variance = $725,000 - $712,500 = $12,500 unfavorable

Controllable factory overhead is not related to any changes in the actual volume or quantity produced.

Fixed factory overhead volume variance = actual fixed overhead - standard fixed overhead = $262,500 - $262,500 = 0

Fixed overhead was exactly the same as the standard or budgeted overhead.

6 0

2 years ago

The tax liability of a corporation with ordinary income of $105,000 is ________. Range of taxable income - Marginal rate $0 to $

zhannawk [14.2K]

Answer:

$24,199.02

Explanation:

corporation's ordinary income = $105,000

tax brackets taxable income tax rate taxed due

$0 - $50,000 $50,000 15% $7,500.00

$50,001 - $75,000 $24,999 25% $6,249.75‬

$75,001 - $100,000 $24,999 34% $8,499.66

$100,001 - $105,000 $4,999 39% $1,949.61

total taxes due $24,199.02

6 0

2 years ago