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vagabundo [1.1K]
3 years ago
12

What was the opening price of Dow Jones Industrial Average on May 30, 2017 in the format of XXXXX.XX?

Business
1 answer:
Gemiola [76]3 years ago
6 0

Answer:

Dow Jones Industrial Average on May 30, 2017:

According to valueline.com, the Dow Jones Industrial Average on May 30, 2917 closed at 21029.47 Down 50.81.

Closing index = 21029.47

plus down movement =50.81

Opening index = 21080.28

This implies that the opening price was 21080.28.

Explanation:

The Dow Jones Industrial Average measures the stock performance of 30 large companies listed on stock exchanges in the United States.  It is a stock price index.  Others are the S&P 500 Index and the NASDAQ.

The opening index represents the day's beginning average price before trading started.  During trading, the price must have seen variations, up and down movements.  But, at the end of the day's trading, the closing price was reported to be 21029.47 Down 50.81.

From this closing index report, one can infer by adding back, that the opening price was above the closing price by 50.81 or about 51 basis point.

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Answer:

Debt to income ratio is all your debt payments divided by all the money you earn during a month. Generally you are considered to be in good financial shape when your debt to income ratio is less than 20%, if it's less than 10% it is even better.

Kim's gross income = $1,230 - $165 (taxes) = $1,065

Kim's total debt payments without new debt = $134 (credit card payments)

Kim's total debt payments including new debt = $134 + $172 (new debt) = $306

Kim's debt to income ration without new debt = $134 / $1,065 = 12.58%

Kim's debt to income ration with new debt = $306 / $1,065 = 28.73%

Currently Kim's debt to income ratio is only 12.58% which is very good, but if she takes the new loan then her ratio will increase to 28.73% which is extremely high and not prudent.

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3 years ago
Dave mentions that insurance is the defense for managing your money. Why is this true?.
777dan777 [17]

Insurance is a method of defense when it comes to managing your money according to Dave because it prevents you from incurring more debt.

<h3>How does insurance defend your money?</h3>

According to Dave Ramsey, a defense method in managing your money is one that helps you reduce or avoid debt.

Insurance is therefore a defense for managing your money because it saves you from having to incur debt when you pass through a dangerous situation because the insurance will pay out instead of you having to borrow.

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2 years ago
Consider the impact of the following two events in the television market.First, people are using more tablets and fewer televisi
babunello [35]

Answer:

The correct answer is option B.

Explanation:

As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.  

Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.

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3 years ago
A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a yea
kobusy [5.1K]

Answer: The correct answer is "a. $26,000".

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A person incurs implicit costs when he waives an alternative action.

Implicit costs: $20000 + $6000 = $26000.

5 0
3 years ago
The Fortunato Corp.'s inventory at Dec 31, 2018, was $325,000 based on a physical count priced at cost, and before any necessary
AleksandrR [38]

Answer:

$405,000

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The computation of the ending inventory reported is shown below:

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In the above cases, the added items indicates the ownership is transferred to buyer , received by buyer and remains with the buyer

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