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Sindrei [870]
2 years ago
11

In June, an investor purchased 200 shares of Oracle (an information technology company) stock at $37 per share. In August, she p

urchased an additional 270 shares at $36 per share. In November, she purchased an additional 490 shares at $41 per share. What is the weighted mean price per share
Business
2 answers:
Brums [2.3K]2 years ago
7 0

Answer:

Average price of share = $38.76 (Approx.)

Explanation:

Given:

Shares investor purchase = 200 shares

Share price = $37

Additional share = 270 at $36

Additional share = 490 at $41

Find:

Weighted mean price per share

Computation:

Average price of share = Total price / Total number of shares

Average price of share = [(200)(37) + (270)(36) + (490)(41)] / [200 + 270 + 490]

Average price of share = [(7,400) + (9,720) + (20,090)] / [960]

Average price of share = $38.76 (Approx.)

Iteru [2.4K]2 years ago
4 0

Answer:

the  weighted mean price per share is $38.76

Explanation:

The computation of the weighted mean price per share is given below:

= (200 shares × $37 per share + 270 shares × $36 per share + 490 shares × $41 per share) ÷ (200 shares + 270 shares + 490 shares)

= ($7,400 + $9,720 + $20,090) ÷ (960 shares)

= $37,210 ÷ 960 shares

= $38.76

Hence, the  weighted mean price per share is $38.76

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The marginal revenue curve of an oligopolist begins to decline after 500 units of output. Which type of oligopoly does Sweezy's company most likely operate under?

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1 year ago
The Pack Company purchased an office building for $9,000,000. The building had an estimated useful life of 40 years and an expec
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<h2>Depreciation = Cost Price --Salvage/Useful Life</h2><h2>=9,00,000-1,00,000/40</h2><h2>=8,00,000/40</h2><h2>= 20,000</h2><h2 /><h3>Explanation:</h3><h3>Depreciation is 20,000</h3><h3></h3>

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2 years ago
A bond's ______ is generally $1,000 and represents the amount borrowed from the bond's first purchaser. A bond issuer is said to
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Answer:

Maturity value; Default; Sinking fund provision; Call provision.

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<h3>What are direct materials?</h3>

Those components pass into a manufactured product are called as Direct materials. Direct materials cost refers to the cost of direct materials which may be without problems recognized with the unit of production.

For example, the value of glass is an immediate substance cost in light bulb manufacturing.

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8 0
1 year ago
Assume a company buys a machine worth $1 million and pays for it by borrowing the funds from a bank. The firm's assets will rise
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Answer:

True

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Since here also the liability amount = $1 million, it will be recorded with the same.

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