1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks [24]
3 years ago
11

On March 9, 2009, the Dow Jones Industrial Average reached a new low at a close of 7,447.50, which was down 98.34 that day. What

was the return (in percent) of the stock market that day?
Business
1 answer:
Snowcat [4.5K]3 years ago
3 0

Answer: -1.26%

Explanation:

We can solve for this using the following formula.

Return on Stock Market = Down figure of Index / ( Close figure of Index - down figure of Index)

So calculating we have,

Return on Stock Market = -98.34 / ( 7,447.50 - (-98.34))

Return on Stock Market = -98.34 / 7,545.84

Return on Stock Market = - 0.0126

Return on Stock Market = -1.26%

You might be interested in
Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they h
disa [49]

Based on the information give your forecast for period 7 is 40.

<h3>Forecast for period 7</h3>

Given:

Time-series trend equation=25.3+2.1x

Period=7

Let x present period 7

Hence:

Forecast for period 7 =25.3 +2.1(7)

Forecast for period 7 =25.3 +14.7

Forecast for period 7 =40

Inconclusion your forecast for period 7 is 40.

Learn more about forecast here:brainly.com/question/24730207

6 0
3 years ago
A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) $90,000 Production
umka21 [38]

Answer:

d.$18,900

Explanation:

Gross Profit is the net of Sales value and production cost in the period for the units sold. Under absorption costing all the direct and indirect costs incurred in the production of products are included in the total production cost. As the cost is available for 100 units produced we need to calculate the cost of 90 unit and deduct this cost from the sales value to determine the gross profit and then deduct the operating expenses to calculate the operating income.

Sales (90 units)                                                                  $90,000

Less: Production costs:

Direct materials ( $40,000 x 90/100 )              $36,000

Direct labor ( 20,000 x 90/100 )                       $18,000

Variable factory overhead ( 2,000 x 90/100 ) $1,800

Fixed factory overhead ( 7,000 x 90/100 )      <u>$6,300</u>

Total Production cost                                                       <u>($62,100)</u>

Gross Profit                                                                        $27,900

Less Operating expenses:

Variable operating expenses $8,000

Fixed operating expenses      $1,000

                                                                                          <u>($9,000)</u>

Operating Income                                                             <u>$18,900</u>

6 0
3 years ago
Based on predicted production of 17,000 units, a company anticipates $255,000 of fixed costs and $216,750 of variable costs. The
Arturiano [62]

Answer:

fixed costs = $255,000

variable costs = (15,000 / 17,000) x $216,750 = $191,250

Explanation:

A flexible budget is prepared in order to compare how budgeted revenues and costs actually worked out. In other words, if actual revenues and costs were similar to the budget previously prepared. A flexible budget adjusts actual results and helps management control how efficient the company was in following their budget. That is why a flexible budget is done after the budgeted period is over.

Fixed costs should not change (that is why they are fixed), but variable costs should change if the actual output was different than the budgeted output.

6 0
3 years ago
HOW TO EASILY BUY A PASSPORT ONLINE.
aleksandrvk [35]
No dont do this plsssss
7 0
3 years ago
Which feature is a characteristic of secure access? select one: accounting deception environment simulation compliance
Arte-miy333 [17]

Compliance is a feature of secure access.

<h3>What is secure access?</h3>

This is the term that is used in cyber security to mean the bringing together of secure cloud security into the cloud services.

It works by enabling both security and network together as a service that can be rendered via cloud. What this helps to do is to ensure the safety and the security of the services.

Read more on security of computer systems here:

brainly.com/question/25720881

#SPJ1

5 0
2 years ago
Other questions:
  • A few years ago, simon powell purchased a home for $225,000. today, the home is worth $400,000. his remaining mortgage balance i
    7·1 answer
  • Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets
    8·1 answer
  • Alex works at the Pretzel Factory. The customers always compliment the pretzels Alex makes, saying they taste better than any ot
    5·1 answer
  • A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
    9·1 answer
  • Imagine you are applying for a job, and explain how you would be a good candidate based on your experience
    5·1 answer
  • [The following information applies to the questions displayed below.] On April 1, 2016, Cyclone's Backhoe Co. purchases a trench
    10·1 answer
  • A college raises its annual tuition by​ 25%, and its student enrollment falls by​ 3.5%. Compute the price elasticity of demand.
    10·1 answer
  • Why do more than half of enterprise application projects exceed budgets, deliver less than expected benefits, or experience over
    6·1 answer
  • Select the examples of Warehousing and Distribution Center Operations workplaces. Check all that apply.
    14·2 answers
  • An increase in debit balances means more investing by naive investors and would be a bearish indicator.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!