Answer:
$2,608.65
Explanation:
The computation of the loan amount is shown below:
But before that first we have to determine the interest which is
= Principal × rate of interest × number of days ÷ total number of days in a year
= $2,500 × 11.75% × 135 days ÷ 365 days
= $108.65
The rate of interest given is 11 
And, the 135 days is from Sept 14 to Jan 27
So, the total amount paid is
= $108.65 + $2,500
= $2,608.65
Answer:
$55 per share
Explanation:
Calculation for the customer's cost basis in ABC stock
Based on the information given we were told that the customer bought the stock at the amount of $50 in which he later sold at the amount of $44 making the customers to have a loss of $6 per share ($50-$44), which means the customer adjusted of the cost basis on the stock will be calculated as :
ABC stock $49 + Loss of $6 per share
=$55 per share.
Therefore The customer's cost basis in ABC stock is: $55 per share.
Answer:
a) EPS 2.367 dollars
b) price-earning ratio 15
c) book value of a common share 5.33
Explanation:
a) earning per share: income / shares outstanding
2,000,000 / 750,000 = 2.67
b) price / EPS
40 / 2.67 = 15
c) We determinate this using the accounting equation:
Assets = Liab + Equity
Assets 9,000,000
Liabilities<u> 5,000,000</u>
Equity 4,000,000
equity / shares outstanding:
4,000,000 / 750,000 = 5.3333
Answer:
a. 2.20
Explanation:
The computation of the price elasticity of supply is shown below;
Here,
P1 = $1 Q1 = 100
P2 = $1.20 Q2 = 150
We know that
Price elasticity = percentage change in quantity supplied ÷ percentage change in price
where
Percentage change in quantity supplied = (Q2-Q1)÷(Q2+Q1) ÷ 2)×100
= (150-100) ÷(150+100) ÷ 2)×100
= 40
And,
Percentage change in price is
= (P2-P1) ÷ (P2+P1) ÷ 2)×100
= ($1.20 - $1) ÷ ($1.20 + $1) ÷ 2)×100
= 18.1818
So, price elasticity of supply is
= 40 ÷ 18.1818
= 2.20
