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
blsea [12.9K]
3 years ago
7

You just sold 500 shares of Wesley, Inc. stock at a price of $30.92 a share. Last year, you paid $32.04 a share to buy this stoc

k. What is your capital gain on this investment
Business
1 answer:
Vitek1552 [10]3 years ago
5 0

Answer:

-$560

Explanation:

The computation of capital gain on this investment is shown below:-

Capital gain = (Stock price - Paid shares) × Sold shares

where,

The Stock price is $30.92

Paid shares is $32.04

And, the sold shares is 500 shares

Now placing these values to the above formula

So, the capital gain on this investment is

= ($30.92 - $32.04) × 500

= -$1.12 × 500

= -$560

You might be interested in
hello people if u are interesting in getting tutoring for any subject contact me i have the best auntie/tutor ever she nice and
Kitty [74]
Me and my sister are in high school, and need tutoring in geometry and algebra 2, could she help?
4 0
3 years ago
Which challenge leads to development of incorrect features and functionalities in IS?
MrRa [10]

Answer:

D.

project completion constraints

Explanation:

can u make this brainly

6 0
3 years ago
Read 2 more answers
Outdoor Gear Corporation manufactured 1,000 coolers during October. The following variable overhead data relates to October: Var
yanalaym [24]

Answer:

$1,482 unfavorable

Explanation:

Calculation to determine the variable overhead flexible-budget variance

Using this formula

Variable overhead flexible-budget variance=Variable overhead spending variance Unfavorable + Variable overhead efficiency variance Unfavorable

Let plug in the formula

Variable overhead flexible-budget variance=$1,300 (U) + $182 (U)

Variable overhead flexible-budget variance= $1,482 (U)

Therefore the variable overhead flexible-budget variance is $1,482 unfavorable

8 0
3 years ago
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $10,000 price, but financing
liq [111]

Answer:

A. $3,520

B. $13,520

C. $240 monthly

D. 21.55%

Explanation:

A. Calculation for the total interest

Using this formula

Interest = (Principal) (Rate) (Time)

Let plug in the formula

Interest = (8000)(.11)(4)

Interest = $3,520

B. Calculation for the total cost of the car

Using this formula

Total Cost = Down Payment + Principal amount Borrowed + Interest amount

Let plug in the formula

Total Cost = $2,000 + $8,000 + $3,520

Total Cost = $13,520

C. Calculation for the monthly payment

Using this formula

Monthly Payment = (Principal amount Borrowed + Total interest amount ) / Total number of payments

Monthly Payment = ($8,000 + $3,520) / 48

Monthly Payment=$11,520/48

Monthly Payment=$240 monthly

Note 4-year * 12 months will give us 48months

D. Calculation for the annual percentage rate (APR) using this formula

APR= (2 × n × I) / [P × (N + 1)]

Let plug in the formula

APR = (2 × 12 × $3,520) / [$8,000 × (48+1)]

APR =$84,480/$8,000×49

APR=$84,480/$392,000

APR=0.2155×100

APR= 21.55%

7 0
3 years ago
1. For a firm in a perfectly competitive market, the price of the good is always
andreyandreev [35.5K]

Answer:

A). equal to marginal revenue.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

Price = marginal revenue = average revenue

4 0
3 years ago
Other questions:
  • 1. an activity which seeks to earn a profit by providing a good or service is known as a(n): a. industry. b. corporation. c. bus
    5·1 answer
  • The acquisition of land by issuing common stock is
    6·1 answer
  • ABC Bookstore sells packages of books that include both new and used
    7·1 answer
  • The net present value: Multiple Choice decreases as the required rate of return increases. is equal to the initial investment wh
    12·1 answer
  • 2. If the public expects a corporation to lose $5 a share this quarter and it actually loses $4, which is still the largest loss
    11·1 answer
  • The table shows an indifference schedule for several combinations of x and y. Approximately how much of y is the consumer willin
    11·1 answer
  • Compare the following sets of message openers. Circle the letter of the opener that illustrates a direct opening. Write an appro
    5·1 answer
  • On January 2, 2020, Howdy Doody Corporation purchased 18% of Ranger Corporation's common stock for $52,000. Based on its ownersh
    5·1 answer
  • State courts can review statutes passed by their legislatures to ensure:
    5·1 answer
  • PLEASE HELP ME WITH THIS PLS PLS PLS
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!