Answer:
Net profit=$86
Explanation:
This can be expressed as;
Net profit=Earnings-Total buying price-Expenses
where;
1. Earnings=Total earnings from Soft drinks sale+Total earnings from ice cream sale
Total earnings from soft drinks sale=(100×1)=$100
Total earnings from ice cream sale=(90×1.5)=$135
Earnings=100+135=$235
2. Total buying price=Total expense from buying of Soft drinks+Total expense from buying of ice cream
Total expense from buying of Soft drinks=(0.5×100)=50
Total expense from buying of ice cream=(75/100)×90=67.50
Total buying price=(50+67.50)=$117.50
3. Expenses=$31.50
Replacing;
Net profit=235-117.50-31.50=$86
Net profit=$86
Answer:
9.411 %
Explanation:
COst of preferred stock can be calculated by dividing the dividend by the market price per share
DATA
Dividend rate = 8%
Par value = $100
Dividend = 8% x $100 = $8
Market price = $85
Solution
Cost of Preferred stock = Dividend / Market price
Cost of Preferred stock= 8% ×$100/$85
Cost of Preferred stock= 9.411 %
Answer:
Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary
Explanation:
Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today
Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7
The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.
