As a result of having increased from a price of $55 to $85, we can say that the stock value increased by<u> 54.55%</u>
The stock was valued at $55 then it increased to $85. First thing to do is to check how much it increased by in dollar terms:
<em>= New price - old price </em>
= 85 - 55
= $30
In percentage terms, this is:
<em>= Increase/ Old price x 100%</em>
= 30 / 55 x 100%
= 54.55%
In conclusion, the stock value increased by 54.55%
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Answer:
Land.
Explanation:
In the U.S. State of Texas, the Texas General Land Office is an agency of the Texas state. This agency is responsible for overseeing lands and mineral rights resources that are under the ownership of the state. This agency is headed by the Land Commissioner of the Texas State. The constitutional purpose of the agency was to "supervise, execute and employ all acts that touch the public lands of Texas.
Answer:
(i) 1.57
(ii) 12.40%
(iii) $76,898.60
Explanation:
Debt-equity ratio = debt/equity
Hence debt= 0.57 equity
= (0.57 × 620000)
= $353,400
Total assets = debt + equity
= (353400+620000)
= $973400
1. Equity multiplier = Total assets ÷ Equity
= $973,400 ÷ 620,000
= 1.57
3. ROA = net income ÷ Total assets
net income = ($973,400 × 0.079)
= $76,898.60
2. ROE = net income ÷ Total equity
= $76,898.60 ÷ 620,000
= 12.40%(Approx).
Interest-bearing checking account.
