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Alex
3 years ago
9

An investor has researched financial information for Fried Chicken Corporation over the past three years. He has provided you a

report with the returns for the company. YEAR RETURN 2016 4.62% 2017 6.73% 2018 14.13% The investor put $996.00 into Fried Chicken at the beginning of 2016. Based on the investment in Fried Chicken Corporation at the beginning of 2016, what would your investment be worth now
Business
1 answer:
DerKrebs [107]3 years ago
5 0

Answer:

Value of investment today = 1269.2886 rounded off to 1269.29

Explanation:

The value of investment today ccan be calculated by multiplying the investment by the returns received over the periods. We can calculate the value of investment as follows,

Value of investment today = Initial Investment  *  (1 + return in first year)  *  

(1 + return in second year)  *  (1 + return in third year)

Value of investment today =  996  *  (1+4.62%)  *  (1+6.73%)  *  (1+14.13%)

Value of investment today = 1269.2886 rounded off to 1269.29

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May is a stockbroker. Due to May's statements, Nora believes that the price of OK Goods, Inc. (OKGI), a widely traded stock, is
Anna71 [15]

Answer:

$0

Explanation:

A client can only sue a stockbroker, a financial advisor, etc., only if they made them loss money through fraud or negligence. But in this case, May (stockbroker) apparently made a mistake of value, she did nothing illegal. She might be a terrible broker, but that doesn't make her a criminal. She also didn't breach any fiduciary duty, since investing always carries a risk. If Nora doesn't like to assume risks, then she should purchase government bonds.

4 0
2 years ago
Which is not a reason for supporting ethical relativism?
raketka [301]

This is not the reason why not support ethical relativism; Ethical relativism holds that there is a right and wrong, even though we do not agree about what is right and wrong and If people disagree about some moral matter, their disagreement will always be due to their having different moral values.

4 0
3 years ago
To enhance your ability to assess and manage risk in specific driving situations, you should:_____.
kaheart [24]

To enhance our ability to assess and manage risk in specific driving situations we should assume that a dangerous situation may occur.

Given an incomplete sentence related to the ability to manage and assess the risk in specific driving situations.

We are required to fill the blank given in the sentence so that the sentence will give adequate meaning.

The words which are to be filled in the sentence are "assume that a dangerous situation may occur",

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Hence to enhance our ability to assess and manage risk in specific driving situations we should assume that a dangerous situation may occur.

Learn more about risk at brainly.com/question/24129294

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7 0
1 year ago
Marks Consulting purchased equipment costing $45,000 on January 1, Year 1. The equipment is estimated to have a salvage value of
Tasya [4]

Answer:

B) Debit to accumulated depreciation for $22,500.

Explanation:

As for the information provided,

Depreciation under straight line method for each year = ($45,000 - $5,000)/8 = $5,000 for each year.

Depreciation for 4 years = $5,000 \times 4 = $20,000

Depreciation in 5th year for 6 months = $5,000/2 = $2,500

Total depreciation till 1 July Year 5 = $20,000 + $2,500 = $22,500

Carrying value of equipment in books as on date of sale = $45,000 - $22,500 = $22,500

Sale price = $20,000

Profit or loss on sale of equipment = $20,000 - $22,500 = - $2,500

So therefore, there is loss of $2,500

Thus, option c and option d are invalid.

Further cash received on sale is debited and not credited thus, option a is also invalid.

As the total accumulated depreciation = $22,500

The correct entry will include debit to accumulated depreciation of $22,500.

Thus, option b is correct.

6 0
3 years ago
You recently sold 200 shares of Disney stock, and the transfer was made through a broker. This is an example of: a. An over-the-
OleMash [197]

Answer:

  C. A secondary market transaction.

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  In a secondary market, the investors buy and sell securities they own. It is typically known as the stock market although in the primary market stocks are sold too. But the difference is that the primary market is for companies and governments.

  I hope this answer helps you.

4 0
2 years ago
Read 2 more answers
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