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3 years ago

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A simple index of three stocks have opening values on day 1 and day 8 as shown in the table below. What is the rate of change of

this simple index over one week? Round your answer to the nearest tenth. A. 12.8% B. –11.4% C. –12.8% D. 11.4%

1 answer:

Novosadov [1.4K]3 years ago

4 0

It's -11.4, I just took the quiz

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3 years ago

Bonnie is writing a cover letter for a job application. She has written the introduction describing her strengths. However, she

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Self-esteem

Explanation:

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3 years ago

On january 1 of the current year, jimmy's sandwich company reported stockholders’ equity totaling $132,500. during the current y

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<span>The change in the stockholders' equity during the given year was $111,000. Working out the math, if you take the $132,500 reported investor equity at the beginning of the year and add the $115,000 in total revenues to that, minus the $104,500 in expenses and $39,000 in cash dividends you get $104,000. Take the total calculated assets of $215,000 at the the end of the year, subtract the difference between $215,000 and $104,000 and the answer is $111,000.</span>

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3 years ago

Motors is a chain of car dealerships. Sales in the fourth quarter of last year were $4,600,000. Suppose management projects that

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Answer:

<u>Budgeted Income Statement for each of the four quarters and for the entire year</u>

Quarter 1st 2nd 3rd 4th

Sales $4,738,000 $5,069,660 $5,323,143 $5,536,069

Cost of Sales ($2,132,100) ($2,281,347) ($2,395,414) ($2,491,231)

Gross Profit $2,605,900 $2,788,313 $2,927,729 $3,044,838

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Operating Profit $1,184,500 $1,267,415 $1,596,943 $1,937,624

Explanation:

Pay attention to the calculation of the following amounts :

Sales - These are based on increments per quarter
Cost of Sales - The Cost for quarter is at 45% of Revenue
Operating Costs - Based on Sales amounts ( 30 % in the first two quarters , 25% in third and 20% in the 4th quarter.)

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3 years ago