1) --
2) --
3) 175,900 / 12.5% = 1,407,200 CHOICE B.
4) SUPPLIES
5) PURCHASES
6) 5,000 + 21,800 - 790 - 5,100 = 20,910 CHOICE D.
7) D. 50%
8) C. UNITS OF PRODUCTION
9) B. INCOME STATEMENT
10) A.) 6,480
11) D.) MULTIPLIED BY BOOK VALUE AT THE BEGINNING OF THE YEAR.
X^3 - x^2 - 2x = 0
x ( x^2 - x - 2 ) = 0
x (x-2) (x+1) = 0
x = 0
x-2 = 0 --> x = 2
x+1 = 0 --> x = -1
x = 0, x = 2, x = -1
The answer would be D) 98.8% because if the initial price is $25 per share, then Gavin would have spent $12,500. None of the other answers make sense since if it was just 3% or 82.3%, then it would be too much to equal $150 in return. If you were to put C, then the shares would equal $4.43 each, and If you bought 500 shares, then it would equal $2,212.5 which would be way more than $150. In the other hand, D is correct because then only 1 share would equal $0.3 and that multiplied by 500 equals precisely $150.
Hope this helps!
