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RSB [31]
3 years ago
10

Angela believes that Beamer Corporation’s stock will drop in value. She borrows 150 shares from a brokerage firm when the stock

was selling at $42 per share. When the stock’s price dropped to $27 per share, she told the brokerage firm to buy 150 shares of Beamer stock. This stock was returned to the brokerage firm in replace of the stock she first borrowed. What is Angela’s profit on her short selling investment?
Business
1 answer:
belka [17]3 years ago
3 0

Given:

Total number of shares = 150

Selling price = $42

Purchase price = $27

Find:

Angela’s profit on investment = ?

Computation of Angela’s profit on investment:

Angela’s profit on investment = Total sales value - Total purchase value

Angela’s profit on investment = (150 x $42) - (150 x $27)

Angela’s profit on investment = $6,300 - $4,050

Angela’s profit on investment = $2,250

Therefore, Angela’s profit on the selling of investment is $2,250.

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Cemex, the largest cement producer in Mexico: a) is an insignificant competitor outside its home market. b) has only expanded in
elixir [45]

Answer:

The correct answer is C. Cemex, the largest cement producer in Mexico, generates about half of its income from outside Mexico.

Explanation:

CEMEX is an international company for the construction industry, which offers products and services to clients and communities in more than 50 countries around the world. The Mexican company holds the third place in world sales of cement and is the main producer of ready-mix concrete, with a production capacity of approximately 77 million tons per year, serving the markets of America, Europe, Asia, Africa and the Middle East.  50% of the company's sales come from its operations in Mexico, 25% of its plants in the United States, 15% from Spain, and the rest from its plants in other parts of the world.

7 0
3 years ago
Why is the primary sector important to the South African economy?​
Fynjy0 [20]

Answer:

However, the economy has been characterised by a structural shift in output over the past four decades.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.

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Explanation:

South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.

4 0
2 years ago
Rajiv loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during it
daser333 [38]

Answer:

free rider

true

true

Explanation:

The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.

Downtown abbey can be classified as a public good, if it is made a private good, the problem would be solved

A public good is a good that is non excludable and non rivalrous.

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It

6 0
3 years ago
If a customer's atm card is lost or stolen, the customer must notify the bank within _____ days; and if that is done, the custom
Schach [20]
If a customer's ATM<span> card is lost or stolen, the customer must notify the bank within two</span> days; and if that is done, the customer is then liable for only the first $50 <span>stolen. This is the usual policy of the banks.</span>
4 0
3 years ago
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,250,000 and can be sold for $
MissTica

Answer: $615,810‬

Explanation:

The Book Value of the Asset at the end of 4 years will be;

= Cost of equipment - Accumulated Depreciation

= 3,250,000 - ( 3,250,000 * ( 20% + 32% + 19.20% + 11.52%))

= 3,250,000 - 2,688,400

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Tax to be paid is;

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= $29,190

After-tax salvage value of the equipment = Sales Price - Tax

= 645,000 - 29,190

= $615,810‬

5 0
3 years ago
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